Failing means you’re tackling big enough problems

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To achieve massive success, it is crucial to embrace failure as a crucial step towards innovation and growth. Companies like Amazon and Netflix thrive on the willingness to take risks and accept a high failure rate. By attempting numerous ideas, even knowing that most will fail, these companies increase their chances of striking gold with a few. This approach of constant experimentation and accepting failure as a necessary part of the process leads to innovation and success. Success lies in taking big risks and being comfortable with failure, as it indicates that the company is pushing boundaries and trying new things, ultimately leading to growth and advancement.

Will money make you happy? How much is really enough? And how much should you save? Too often people don’t have the answers for the biggest financial questions in life, until now.

In this new episode Steven sits down with world-renowned financial expert and best-selling author, Morgan Housel.

Morgan Housel is a partner at the Collaborative Fund, a leading venture capital firm with a focus on technological companies. He is also the author of the book, ‘The Psychology of Money’, which has sold over 4 million copies. MarketWatch named him as one of 2022’s 50 most influential people in financial markets.

In this conversation Morgan and Steven discuss topics, such as:

How happiness is being in control and having freedom
Why a lack of control can make your life crumble
Why nobody actually cares about your material possessions
The money games being played in society
Why you should rent your home until you have kids
His mission behind writing about money
Why your relationship with money defines you
How to gain introspection about your life and finances
The randomness of financial crises
Why you should have a deathbed perspective on work and savings
How embrace failure can lead to huge successes
The double life of billionaires: wealth and pressure
The cost of a stressful job on health
Why bad news travels faster
Why growth comes from challenges and disasters
How growth comes with stress and uncertainty
Slow habits and their long term effects
How personal tragedies shape life goals
Why you should balance wealth with wellbeing
Staying patient despite market upheavals
The need for big, terrifying goals in business.
The difference between being rich and feeling wealthy.
Why a rising income doesn’t lead to happiness
The meaning of authentic success

You can purchase Morgan’s most recent book, ‘Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life’, here: https://amzn.to/467d77x

Follow Morgan:

Instagram: https://bit.ly/3spU4HK

Twitter: https://bit.ly/40mE6uF

Flightfund:

https://flightfund.com/

If you enjoy hearing about how to master the world of finance, I recommend you check out my conversation with Ramit Sethi, which you can find here: https://www.youtube.com/watch?v=ORqd9QAC8OY

Follow me:

https://beacons.ai/diaryofaceo

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