510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich

Morgan Housel’s ground-breaking book, The Psychology of Money, changed how many Americans thought about saving, spending, and investing. Through a collection of financial lessons, Morgan opened up new thought patterns for many of us, showcasing that getting rich isn’t as complicated as you might think, but staying rich can be the actual challenge. Now, this personal finance powerhouse is back with a new book, Same as Ever.

In Same as Ever, Morgan doubles down on what has, and most likely always will, work in the personal finance world. By showcasing some of the most commonly repeated financial events of the past, we can better shape our understanding of what will happen in the future and use history to our advantage to build even bigger wealth, enjoy our lives even more, and not repeat our past mistakes.

But this episode goes much deeper than that. We talk about why so many Americans will die without building wealth, why people are afraid to invest, when to spend your wealth once you’ve built it, and exactly how Morgan invests his own money. Plus, why getting rich isn’t your biggest concern—staying rich is.


In This Episode We Cover

Why Morgan thinks you MUST be a “reasonable optimist” to get and stay rich

Exactly how Morgan spends, saves, and invests his own money

The real reason why most Americans will die without ever building wealth

The “competition” which is always looking to take your success from you

How to STOP being afraid of investing and start putting your future first

When to spend your wealth and why dying with riches isn’t the real goal

Financial regrets and mistakes of Morgan’s past, and advice for ANY investor

And So Much More!


Links from the Show

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Finance Review Guest Onboarding

Join BiggerPockets for FREE

Mindy on BiggerPockets

Scott on BiggePockets

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Apply to Be a Guest on The Money Show

Podcast Talent Search!

The Simple Path to Wealth—Index Funds Explained with JL Collins

How to Get Rich Without Investing in Real Estate


Click here to check the full show notes: https://www.biggerpockets.com/blog/money-510

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