The Art Of Manliness

Do You want to Be Rich or Wealthy? (And Why the Difference Matters)

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Sinopsis

Note: This is a rebroadcast. It originally aired in November 2020. When we think about finance, we typically think about numbers and math. My guest today, however, argues that doing well with money is less about what you can put on a spreadsheet and more about what goes on in your mind, and that if you want to master personal finance, you've got to understand how things like your own history, unique view of the world, and fear and pride influence how you think. His name is Morgan Housel, and he's an investor, a financial journalist, and the author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Morgan kicks off our conversation by explaining how doing well with money is less about what you know and more about how you behave, and illustrates this point by comparing the true stories of a janitor who saved millions and a prominent Wall Streeter who went bankrupt. He then explains how the seemingly crazy decisions people make around money actually make a kind of sense. From there we