How To Create & Manage Your Personal Wealth | Morgan Housel | Modern Wisdom Podcast 142

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  • เผยแพร่เมื่อ 26 ก.ย. 2024
  • Morgan Housel is a writer and investor.
    Understanding the basics of money management is something none of us are taught but all of us need. Today we get a fantastic run down by a guy who's spent most of the last decade thinking about what wealth can do for us, how we can attain it, and more importantly how we can keep it.
    Expect to learn... What is wealth? Why do rich people go bankrupt? Should I invest in Bitcoin? How can I maximise my wealth? What are the most important rules in trading? And much more.
    Extra Stuff:
    Follow Morgan on Twitter - / morganhousel
    Check out Morgan's Website - www.collaborat...
    Take a break from alcohol and upgrade your life - 6monthssober.c...
    Check out everything I recommend from books to products - www.amazon.co....
    #money #finance #wealth
    -
    Listen to all episodes online. Search "Modern Wisdom" on any Podcast App or click here:
    iTunes: apple.co/2MNqIgw
    Spotify: spoti.fi/2LSimPn
    Stitcher: www.stitcher.c...
    -
    Get in touch in the comments below or head to...
    Instagram: / chriswillx
    Twitter: / chriswillx
    Email: modernwisdompodcast@gmail.com

ความคิดเห็น • 44

  • @shirleyjsanchez
    @shirleyjsanchez หลายเดือนก่อน

    I love the friendship between Chris & Morgan- going back to listening to their pods - so powerful & love seeing how their friendship grew!

  • @ismaelspechtintuition3519
    @ismaelspechtintuition3519 10 หลายเดือนก่อน +1

    Chris seemed so happy on this talk, it was contagious. It felt good listening to his comments and laughs. Great talk with two great people.

    • @shirleyjsanchez
      @shirleyjsanchez หลายเดือนก่อน

      Chris lovesssssss Morgan! This friendship is so genuine- it’s so fun to watch!

  • @ddemaine
    @ddemaine 4 ปีที่แล้ว +12

    I admire your knack of finding informative and interesting guests

    • @ChrisWillx
      @ChrisWillx  4 ปีที่แล้ว +1

      Thank you, Morgan is a beast

    • @KC-ge2ui
      @KC-ge2ui 3 ปีที่แล้ว

      @@ChrisWillx - You should get Saurabh Mukherjea of Marcellus Investment Managers. He's the best of the best. Will give you a great India context as well!

    • @ralgie77
      @ralgie77 2 ปีที่แล้ว

      ​@@KC-ge2ui lu

  • @PrempalSingh95
    @PrempalSingh95 4 ปีที่แล้ว +25

    Loved this! Morgan has this unique ability to see through things and make everything so simple and clear.

    • @ChrisWillx
      @ChrisWillx  4 ปีที่แล้ว +2

      Agreed. He’s a beast

    • @broderickgk
      @broderickgk 2 ปีที่แล้ว

      Who's the guy Morgan said at: 11:39?

  • @nicholasmartinez6043
    @nicholasmartinez6043 ปีที่แล้ว +1

    I love how Morgan explains “paying the price” of dealing with uncertainty for the returns you get on investment. It’s an amazing way to put that

  • @josephanglada4785
    @josephanglada4785 2 ปีที่แล้ว +2

    OMG this man is VERY wise on issues of Wealth.

  • @CharlieChaplinVideos
    @CharlieChaplinVideos 2 ปีที่แล้ว +2

    Good one. This was Just before lockdowns hit the world.

  • @UjjwalRane
    @UjjwalRane 2 ปีที่แล้ว +1

    A true sage!

  • @DoyleIstre
    @DoyleIstre 4 ปีที่แล้ว +4

    Enjoyed his comments about wealth is the absence of stuff (internal) as opposed diet and exercise which can be visible. Also enjoyed hearing about the independence (freedom of time) that comes with wealth.

  • @maplenook
    @maplenook 4 ปีที่แล้ว +7

    Wealth offers freedom. Freedom to do as we please. It also allows us to be of assistance to others. Those are the two big draws for me. I have no need for more or different stuff.

  • @mr.g4999
    @mr.g4999 2 ปีที่แล้ว +1

    Fantastic interview! Great work 👍

  • @taylorsims8330
    @taylorsims8330 4 ปีที่แล้ว +1

    Really enjoyed this

  • @MrYufu221
    @MrYufu221 2 ปีที่แล้ว

    Great interview. Enjoyed Morgan's book!

  • @JohnKerbaugh
    @JohnKerbaugh 2 ปีที่แล้ว

    47:55 timing glitch. But such an important point. Some of the lowest picks end up outperforming the top picks!

  • @GK_Capital
    @GK_Capital 2 ปีที่แล้ว +1

    This is 🔥🔥

  • @ginabelisario9282
    @ginabelisario9282 2 ปีที่แล้ว +4

    Living in my means is the key factor of generating wealth.
    We can't calculate that does not happen.
    The biggest risk is the one don't see.

  • @tomcockcroft9394
    @tomcockcroft9394 2 ปีที่แล้ว +1

    The ability to save is the gap between your ego and your income

  • @Paddlehappy
    @Paddlehappy ปีที่แล้ว

    Amazing. Thank you

  • @filipkoutny9360
    @filipkoutny9360 4 หลายเดือนก่อน

    What a hair Chris :D

  • @pran10000
    @pran10000 3 ปีที่แล้ว

    Brilliant! 👍

  • @vishnu439
    @vishnu439 2 ปีที่แล้ว

    Wealthy is more than rich
    Wealth is linked to savings too
    They save a lot
    You can be rich but blow a lot of it

    • @vishnu439
      @vishnu439 2 ปีที่แล้ว

      Wealth is what you don’t see
      Eg. cannot see the car you did not buy

    • @vishnu439
      @vishnu439 2 ปีที่แล้ว

      Suppress your ego by not spending it
      I am not going to spend the money
      Push down the urge to spend

    • @vishnu439
      @vishnu439 2 ปีที่แล้ว

      Low set point for materialism

    • @vishnu439
      @vishnu439 2 ปีที่แล้ว +1

      Social status and background
      Influenced by spouse

    • @vishnu439
      @vishnu439 2 ปีที่แล้ว

      Baseline spending metabolism
      If your income fell by 10% what would it do to your happiness

  • @TomerBenDavid
    @TomerBenDavid 2 ปีที่แล้ว

    But it takes 50 years to compound so if I find about it at 40 I'll be able to enjoy it at 90

  • @monaissakarim7569
    @monaissakarim7569 8 หลายเดือนก่อน

    The audio is not thst good

  • @gokhantoksoy2826
    @gokhantoksoy2826 2 ปีที่แล้ว

    you had a good hair 2 years ago mate …

  • @jessejoseph1984
    @jessejoseph1984 3 ปีที่แล้ว

    💯%

  • @thomascummings7589
    @thomascummings7589 2 ปีที่แล้ว

    Are you kidding me, you don’t think the women thought I want to date that guy, they weren’t interested in the car that’s why he purchased it. The reason you wanted the car unconsciously is because you wanted women to look at you as the women there were looking at him. This is human biology 101.

  • @anthonynguyen1663
    @anthonynguyen1663 9 หลายเดือนก่อน

    Why dont we stay poor to keep us happy????

  • @chrishayes8012
    @chrishayes8012 2 ปีที่แล้ว

    Gates is a bad choice of billionaire.

  • @melissaloves2draw
    @melissaloves2draw 2 ปีที่แล้ว +4

    Thank you for saying what you did about hurricanes, I've always told people this. After having lived in Florida, Georgia and Louisiana my whole life, I can absolutely assert that hurricanes are by far the "best" natural disasters to deal with. The analogy makes total sense. Never thought about it in terms of economics but it's relatable. Great content!