The INVESTING Expert: Do This To Get RICH and STAY Rich (It’s SIMPLE!) | Morgan Housel

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Best-selling wealth expert and author Morgan Housel is a master in dissecting the intricacies of finance and human behavior. His international bestseller, "The Psychology of Money,"is a game-changer. Morgan talks how our mental patterns can inadvertently keep us financially limited, the hidden reasons why many people never achieve wealth, the number 1 financial mistake people are making in today's economy and much more!
Get Morgan's book "Same as Ever: A Guide to What Never Changes": amzn.to/41pB6yg
Get Morgan's book "The Psychology of Money": amzn.to/46SziyF
Listen to this episode on the go!
🍎 Apple Podcasts: podcasts.apple.com/us/podcast...
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0:00 Intro
1:27 Why people stay broke.
4:11 Top 3 patterns that make people rich.
14:08 Does money make life better?
16:01 How to validate success or failure.
23:21 Biggest revelation in Morgan's book, "Same As Ever"
24:57 Where we should put our energy and money in an unpredictable world.
26:53 Can we trust people when it comes to money?
32:26 Luck = success and money?
36:32 What gets WORSE when you make money.
39:06 How to hold onto identity and values when you make money.
40:41 Being a good father while having so much success.
43:31 The difference between getting rich and staying rich.
49:18 Additional lessons from "Same As Ever".
51:52 How to tell better stories and build confidence.
56:04 How we will evolve over the next decade.
1:02:33 Training yourself to evolve with your success.
1:08:20 Two biggest takeaways from Morgan's books.
For more info about this episode, go to lewishowes.com/1544
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[@lewishowes]

Thanks to Morgan Housel for sharing his knowledge with the Greatness community! Leave a “YES” if you enjoyed this and share the biggest moment for you. Make sure to subscribe to never miss out on inspiring content like this again kzbin.info

[@livefreeordie5769]

17 years everyday. BS

[@rogerioh8712]

Yes amazing... I am doing this from the past 40 years, even sometimes thinking was a wrong life style to follow. Made me happy

[@bloomwithKels]

It was like watching old friends having a catch up conversation. What a great clean interview. Thank you for highlighting the importance of values and identity.

[@MaLiArtworks186]

Lewis, you ask the best questions. You are the greatest interviewer! Morgan is the greatest guest!

[@lewishowes]

Thank you so much 🧡

[@TiagoRamosVideos]

1:00:00 "my identity is father, husband, friend" 👏

[@motherandchild9307]

What is the tapping sound that is constantly heard in the background ???

[@anthonyrusso9378]

I can’t not hear it 😭 it was bugging me, I had to come to the comments to make sure I wasn’t losing my mind 😅 thank you for saying something

[@StNickolas]

I think that is anxiety of the guest , by shaking his leg under the tanle

[@philsalcedo5076]

I’m hearing this also. Bugging me.

[@nosotrosrockclimbinggym7323]

zipper

[@xbandituz]

I watched 35 minutes without any noises but after reading comments, it is really annoying 😂😂

[@jhyonpollard8680]

"Not chasing their success you're chasing their fakeness" hit so hard and made so much sense

[@sumeetahuja5039]

Loved this interview. This man has so much wisdom! He dropped so much wisdom Here.

[@hussainayad3094]

This man is incredible and very honest ❤ thanks for the great interview.

[@lilibethnieto55]

Amazing share❤Very eloquently narrated.I believe in the power of storytelling.The bottom line about abundance and gaining riches in life is knowing who you want to be. At the end of our life ,the question remain the same, Did I live my life to the fullest? Did I create many intentional and loving memories with my family?Have I love and live well without regrets? Thank you Lewis and Morgan for your message and for inspiring us to be who we truly are.❤Gracias!

[@lewishowes]

You're welcome, thank you for watching🧡

[@cilareiss]

Listening to your words of wisdom and honest inner search make us listeners to love you.Thank you for sharing with us.

[@lewishowes]

You're welcome, thank you for watching🧡

[@farfalina201]

This is the best interview I have ever heard! I can listen to Morgan all day-so wise.

[@BlackPearlMona369]

I really appreciate the clarity of thoughts discussed...does make a lot of sense ❤

[@lewishowes]

🙌

[@chelseastudios]

I want 3 seasons of this episode. Possibly the best interview yet imo. ❤ Thank you, Lewis.

[@77magicbus]

Lewis has a great way of drawing out the guest. I enjoy just listening to how the conversation flows, never knowing the exact direction that it is going. But his own authentic curiosity keeps me interested. Thanks

[@FreeHumorLight]

What should we worry about? That's interesting question Why worry. Why need to worry.

[@vinitashah44]

Yet another great interview, the insights are deep that Morgan Housel shares. Thank you Lewis for putting these together. Your podcasts have moved up a many notches lately!

[@lewishowes]

Big thanks for watching! I appreciate your support! 🙏🙌

[@chrisfox9779]

"Father, Husband, Friend." From hearing this quote about identity - I think I've finally found my new purpose. 🤯😊

[@brendamzambrano9776]

What’s that constant tapping noise in the background?

[@amdunnigan]

It’s awful

[@slackerr]

His jacket zipper is tapping on itself

[@eshycmwangi]

I think it’s Lewis taking notes… when he is talking, the noise disappears

[@improvcomedywithtonebone]

Thank u ! I thought I was going nuts for a sec. 😅 I think either the table or the chair is shaking, as he talks with his hands, & moves around, & becomes more animated.

[@BattlefieldCurator]

Note taken: don’t put the lav mic on a zipper like that

[@JAZJ]

Really enjoyed viewing and listening to this conversation. I am a fan of Morgan Housel's work.

[@jeanshelbybooks4154]

As an author I appreciate the talk about writing. I have persistently written just about every day for the last three years with no sign of giving up. 😊 Not very many people have read my books, but part of my drive to keep going is the joy I get from writing. ✍️ 📚

[@learntomanifestprecisely9177]

May you get lots of success

[@wolfesound]

Share your book link. This is one of mine, The Unfolding: A Journey of Involution

[@villagehousesportugal]

Bro let me tell you something you Will pick tour flowers One day because the universe doesnt work for you if you are not a doer. Happy holidays Next year you Will get a best seller

[@jeanshelbybooks4154]

This is so nice of you. I wish you the best!

[@rroman2752]

Share your books for us to see.

[@lifewithoutfear1213]

I challenge you to see what happens when you lose your house, lose your car, and see how the ones you love treat and look at you differently.

[@johnmichaelcannon]

This is truer than true.

[@vickid3081]

Morgan's wisdom unlocks wealth. Insightful revelations on finance and behavior. 🌟

[@lewishowes]

🙌

[@eileenwatt8283]

​@@lewishoweshis vegas scenario is spot on. Anything free has no value to the receiver. I have a friend who signed over their old home to the step daughter. She just had to pay the taxes. She didn't and lost the house. Another friend renovated her bf apartment for $20,000.00 so he could get on his feet and put it on Airbnb and get income. The guy never said "Thank You". Instead he told her the furniture was not placed properly. She bought all the furniture. She got no acknowledgement from him.

[@burmakara]

I recommend everyone to find the forbidden book titled The Hidden Truths Of Wealth, it goes deep into all of this, and it changed my life

[@matthewthompson0]

Where did you find that book?

[@ryan-patel]

I can confirm that, insane book.

[@burmakara]

Borlest ( I found it there )

[@carikhanitthapsantagato1739]

Love this! Very content and lots of wisdom. Thank you!

[@christinesmith7]

Best interview ever! Watched it 5 times in 2 days then made my husband listen while we played cards. Wonderful wisdom very clearly communicated. Great nuggets on money, mindset and life. Definitely will be having my high schoolers listen to this.

[@brewdog8568]

Read the richest man in Babylon. The laws of wealth are real. You can find it free as an audio book on youtube for free also.

[@MaLiArtworks186]

​@@brewdog8568Great book!

[@FreeHuman1997]

@@brewdog8568the best financial book ever

[@MonaMarMag]

Personally I consider myself to be very rich in life experiences . No one can take away this wealth from me . It's a treasure I've worked my whole life for and I've earned it honestly ( in honest way ) . I owe my life wisdom to myself and to my work .

[@lewishowes]

🙌

[@Kaycarrera]

The definition of success is when the people who you want to love you, do love you ❤❤❤❤

[@lewishowes]

👍

[@Trisha_B_done]

Truth. Thank you for the reminder. ❤

[@lewishowes]

You're welcome, thank you for watching🧡

[@dylangabriel13]

Great episode!. But what was the constant tapping noise in the background?

[@mattanderson6672]

Thanks guys!! Brilliant discussion

[@farmerjeffmays9858]

Always Valuable Content 💰

[@joseorozco1383]

@29:59 👍🏽 🔥

[@nkululekomasilonkululeko4426]

We normally say that which is done repeatedly becomes established in the spiritual. that's some habits catch up with us in our businesses or relations.

[@carolspencer6915]

I clearly have a giant portion of cave lady brain surviving.😀 Thankyou both for this shared conversation. Truly sanity restoring, as always. 💜

[@lewishowes]

You're welcome, thank you for watching🧡

[@joseorozco1383]

@43:46 this guy is full of great points

[@lewishowes]

🧡

[@453mhynt]

"the smallest detail can make the biggest difference" that zipper really messed up this interview's audio lol!

[@LXBalla4414]

yea I thought that immediately. Glad someone else noticed too.

[@chikojere1411]

So that's what it was 😂 Amazing that no matter how distracting that tapping sound was throughout, this is probably one of the best conversations I've heard ever!! Priceless life, and money lessons ❤❤❤

[@anthonyrusso9378]

Thank you for pinpointing the sound, it was driving me nuts 😭 had to come to the comment section to make sure I wasn’t losing my mind clown 🤡

[@calista1280]

His mic isn't touching the zipper, it must be the mic wire moving against the zipper..

[@AhmedAli-hu4vb]

I really enjoyed this topic ur quest has been amazing 👏 very insight full

[@joseorozco1383]

@41:28 ❤❤❤ billionaire’s kid great attitude

[@puspa20forever]

Plz do podcast about memory ,brain & how can we top our exam... study related .. really need it

[@AnnaHughesCambry]

Quick tips - start saying to yourself “I have an awesome memory”, words and thought are powerful - use this to your advantage instead of the opposite! And memorise with pictures or other associations, that’s what the memory experts do. If you have something in your life you’ve trying hard to forget this could affect your memory, because your mind is just trying to protect you and keep you alive.. lastly - are you interested in what your studying? If you are and want what you’re doing but are just stressed out and push yourself - be kind and have empathy and give yourself little rewards like a nice cup of tea or something you like every time you get something done, small goals. Think bigger about the motivation and get inspired instead of pushed. Good luck 🤞🏽❤ I’m a hypnotherapist and know a lot about the mind and subconscious, always happy to share ❤

[@abahamilton-phillips8762]

Google "Learing how to learn" Barbara Okaley and her colleagues have done a great job in this area. Good luck

[@felixiana]

Check out Jim Kwik

[@jazminborges8472]

25:25 WOW! Wished i would have had that metric earlier

[@renchemarais8419]

Simply GREAT 🎉

[@lewishowes]

Thanks for being here!

[@Sharlenwar]

Out of everyone out there, Lewis seems the most wholesome. Thanks for the content!

[@lewishowes]

Thank you so much for your kind words 🧡

[@1pagelifeplan]

Is there an issue with the audio? Sounds like someone is typing text on a phone. Tried on multiple devices.

[@pilotoblackbird433]

Thank you thought it was just me

[@anthonyrusso9378]

Did a deep dive into comments because it drove me mad 🤡 Zipper clacking against mic 💯

[@melinafarinas]

What an amazing episode. Love the questions from Lewis. ❤

[@lewishowes]

Glad you enjoyed it! Thanks for watching!

[@adrianajimenez3569]

What was that tapping sound?

[@KayFabe87]

Morgan’s zipper on his sweater swinging back and forth. It is right near where his microphone is clipped.

[@skyking9248]

So hard to sit through with that sound.

[@MarinaSimonovaAgile]

Excellent interview! thank you so much

[@davegibbs6423]

Providence. Great conversation.

[@pnguyen515]

Great interview! So much wisdom packed in here. Thank you so much!

[@lewishowes]

🧡

[@DorothyMannineYT]

Such an incredible episode!

[@lewishowes]

Thank you so much for watching!

[@RolfStumpfRailMedia]

Wow, what a great insightful conversation. Thank you both 🍀

[@lewishowes]

So glad you enjoyed it! Appreciate you for watching.

[@dhanabalshanmugam7559]

Beyond land boundaries we are able to connect and learn wisdom through amazing people like Morgan and Lewis! Great questions from Lewis and thought proving replies from Morgan!

[@joseorozco1383]

@59:23 I think of Dave Chapelle 🤔

[@joseorozco1383]

@1:05:51 So good

[@MarisolGonzalez-qt3zt]

Es un excelente episodio, tanto que compraré sus libros. ¡Muchas gracias!

[@lewishowes]

Thanks for being here!

[@mohammednazari9833]

By far one of the best podcasts I have ever watched/heard.

[@blessings4life]

No man can serve two masters

[@aloishe]

Just a thought, because I love these podcasts, can you get someone on to talk about feminine energy?

[@TheNYLATINO]

Love the interview and thank you very much. But his zipper constantly tapping the microphone is driving me f****** crazy!

[@anthonyrusso9378]

#same 💯

[@nemanjavidic6556]

Amazing episode. Great topic for all atheletes especially for footballers, how they should behave with good income and when the income becames less !!!

[@lewishowes]

Thanks for being here!

[@eileenwatt8283]

A high end Toyota is better than an entry level BMW. That's my new mantra when asked why I don't get a new car. I love my 2008 high end beat up Toyota. It is reliable, it's low maintenance and keeps thieves away. I bought it new. My only regret is not taking care of the outside as I did with the annual maintenance. People put fliers "we buy junk cars" on my car.😁😁😁😁 I love it. It's a keeper. The dents are like wrinkles on humans.

[@julianpickens3114]

Great interview

[@case2rich]

Once upon a time....there was a brilliant interview.....and I lived happily ever after ❤

[@MsMelody]

I taught an entire class on budgeting because of his book. The audience was welfare recipients in my job a couple years ago. They LOVED it!! I still love listening to his audio book in the car once in a while. But hey, off topic, did anyone else hear a tapping throughout this video? I listened to the entire thing and it was a fabulous interview, but who was texting the whole time? 😂

[@vaughanmoody]

I think the noise was his jacket zipper tapping near the microphone when he spoke. 😀

[@marlonmendoza2882]

YES! Behavior, finances and values to sum it up. Powerful interview.

[@lewishowes]

Thank you for taking the time out of your day to check out the interview! So glad you enjoyed it🧡

[@WaliTheMusico]

Someone's tapping on the table with a pen, makes a rhythm to the podcast. 😂 Loved the podcast though. 🙌🏻🌸

[@anthonyrusso9378]

I thought I was losing my mind, I’m listening audio mostly and I was wondering if anyone else heard it or I was hallucinating. I had to come to the comments. Thank you for saying something

[@justinsmith368]

It’s the guest speaker’s jacket zipper lol

[@LouisJanYoung]

Amazing how Tony Robbins has stayed relevant through multiple generations and at the top of his game, since 1989 when his infomercials started.

[@betsygreenteam]

Love this topic, it is so helpful and great to share it with the world! Especially those who haven't got off the ground yet. I just bought your book, bro!!

[@MarianLivingLife]

Another great interview. I’m binge watching them today 💪🏾

[@lewishowes]

Glad you enjoyed it! What stood out to you as a lesson to move forward with?

[@Riazreminds]

Excellent tips

[@lewishowes]

🙌

[@samanthaharris5404]

Great interview!!! I really enjoyed his perspective and insights.

[@lewishowes]

So glad you enjoyed it! Appreciate you for watching.

[@hannahobzunar]

Wow. This has a lots of insights ❤.

[@lewishowes]

🧡

[@youbou5081]

5:12 😊

[@marckuhnmak]

What a great episode!

[@lewishowes]

Thank you so much for watching!

[@pressforsuccess2921]

Comparing yourself to others is spiritually immature! I compare myself to myself or my younger self to my older self…We should always desire to better ourselves!

[@christinahylton6425]

Yes 🙌 A big moment for me was knowing I could walk away. Whatever you’re unable to walk away from controls you.

[@msbeecee1]

This!! 💯 💯 it's all abt sovereign choice for me

[@hectorsgarciam9514]

YES. I enjoyed every minute of it. Thanks!

[@alliewest1204]

Thanks! Very Enlightening 👏👏

[@lewishowes]

You're welcome, thank you for watching🧡

[@billy53382]

Thank you, for sharing your knowledge and insight 🕊️🤍

[@lewishowes]

🧡

[@ThatClergyFarmer]

The most outstanding thing about Lewis for me is his wisdom to lead a conservation without leading it. And going back to ask the same question 30 minutes later, that he felt was not sufficiently answered without sounding repetitive or making his guest feel inadequate. That's a some great Art. Kuddos... 💪

[@lewishowes]

So glad you enjoyed it! Appreciate you for watching.

[@Divinissima13]

I strongly disagree that your past behavior predicts your future behavior! People can change, and DO!

[@ComicAlvinWilliams]

This interview was absolutely outstanding!

[@lewishowes]

Thank you!

[@universalmeditation8631]

This is one of those episodes where you have to watch the entire thing again!❤

[@lewishowes]

Glad you enjoyed it! What stood out to you as a lesson to move forward with?

[@Spiritualology]

Question for all viewers.. If you had the choice, Would you rather be apart of the *1%* or apart of the *144,000* ?? Think very carefully on your answer..

[@lilibethnieto55]

The part of 1% is not easy yet this is the reason why one is different from another.It’s 99% believing in yourself and 101 percent of getting better everyday.Keep going even nobody notice and serving and helping without expectations at all.Thank you for your question.

[@daevdel2993]

amazing interview. i have learned a lot from this conversation. thank you.

[@lewishowes]

So glad you enjoyed it! Appreciate you for watching.

[@B__yare]

Seriously I can’t understand the book most part . May b I didn’t read properly but I did read every chapter but I like the idea how he put together with examples ❤

[@nkululekomasilonkululeko4426]

this is great stuff

[@metacognition666]

OG Stuff

[@lewishowes]

🙌

[@Lik3ToSing]

One of the best interviews. Thank you

[@lewishowes]

You're welcome, thank you for watching🧡

[@NRR_77]

10:30 13:31

[@annastone5624]

Status equals Safety Low status = danger and being vulnerable to predators

[@bissyFit]

Great content

[@lewishowes]

Thank you so much 🧡

[@Harmanaujla_]

Thank you Morgan and Lewis for sharing this valuable knowledge , I feel lucky to have found your channel every video, podcast post on instagram I always learn something new that changes my perspective ❤️🙏🏻

[@fsm12385]

Contentment is peace of mind

[@amaliamalik]

Housel amazingly intelligent who shares knowledge which very practical. Love his approach towards life and materialistic things. Gives an insight on how to become productive in life.❤

[@debrapearse5116]

Lewis you are smart and will power is all you need 🇨🇦

[@SelfAllOne]

I enjoyed watching this video. This video is just amazing, it's so informative.

[@lewishowes]

So glad you enjoyed it! Appreciate you for watching.

[@user-sj6tn7nw6b]

EXCELLENT CONTENT!!!! THANKS!!!!!

[@lewishowes]

Thank you!

[@davui_21]

There is something special about Lewis Howes' podcast.. About three great authors came on this podcast and used the idea of MEMENTO HOMO in their explanations Robert Greene, Robin Sharma and now Morgan housel.. Must be really magical

[@Bloquita5]

I feel so much respect for how Morgan Housel and Lewis Howes are having a dialogue while also leaving good points that we will continue thinking about days later.

[@lewishowes]

I appreciate your feedback, thank you so much for watching! 🙌

[@rucacc]

i really admire Morgan Housel, i think he just make Nassim Taleb ideas "easier" for commun understanding

[@gchgaming8665]

Does the audio mess up at some points for anyone else?

[@darrenmccarthy89]

Morgans collar Zipper is right up against the Mic. So as the pull on the slider pendulums back and forth, it comes out in the Audio.

[@subite]

@@darrenmccarthy89thanks, that was really annoying. A bit better now that I see it too 😊