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Morgan Housel: The Investing Expert’s “System” for Stress-Free Wealth
Description
Morgan Housel, best-selling author of The Psychology of Money, Same as Ever, and The Art of Spending Money, has a “system” for building wealth that seems too simple, too easy to be true—but is. Most Americans think getting wealthy is only for those willing to work 100+ hour weeks, build a business from scratch, inherit millions, or get a high-paying six-figure job.
That’s not the case. The average American can get wealthy—you just need to follow this “good enough” system.
Morgan spent the early part of his career covering lessons from the fallout of the 2008 Great Financial Crisis. Economics couldn’t make sense of it, and what he found was that psychology could. Knowing how to win the money game puts you in the player’s seat, instead of watching from the sidelines. And today, Morgan shares the biggest lessons to get in the game.
From the simple “system” both he and Dave use to build wealth to the #1 skill of a wealthy investor, when you should spend more money, and why merely working harder isn’t going to get you what you want. Morgan even shares his strong opinion on the #1 thing wrong with the housing market today—and how we could actually fix it.
In This Episode We Cover
Morgan’s simple “system” for building wealth even if you don’t have tons of extra income
Why retiring early is not the goal worth striving for (and what is better)
How much of a return should you be making on your investments? Morgan’s unique answer
Knowing your “enough” so you can stop worrying, start living, and do what you’re meant to do
Spend more money before it’s too late? The argument for why you shouldn’t wait to give
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1292.
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