Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!

Morgan Housel, global expert on personal finance, shares powerful lessons on Warren Buffett’s hidden struggles, Elon Musk’s sacrifices, money trauma and financial habits, how to invest wisely, and the psychology behind saving, spending, and success. Morgan Housel is a partner at Collaborative Fund, former columnist for The Wall Street Journal, and a speaker on investing, saving, spending, and financial independence. He is also the bestselling author of books, such as: ‘The Psychology of Money’ and ‘The Art of Spending Money’. He explains: ◼️ Why more money rarely solves unhappiness ◼️ How envy and social comparison drive overspending ◼️ Why extreme wealth often comes at the cost of health and relationships ◼️ How inflated definitions of “wealth” fuel endless consumerism ◼️ Why true happiness comes from family, friends, and health - not luxury (00:00) Intro (02:33) The Importance of Spending Money (04:43) Why Will This Podcast Make My Life Better? (07:54) Is There Something Wrong With Chasing Status? (10:26) What’s the Evolutionary Basis for This Stuff? (15:43) There's Always a Trade-Off (17:55) Saving Addiction (19:41) Can Money Make You Happy? (25:08) Are We All Stuck in a Status Game? (29:14) Is the "Freedom" Culture Actually Making People Unhappy? (31:12) Your Favorite Form of Saving Is Spending (33:17) Jealousy of Other People’s Wealth (35:17) The Spectrum of Financial Independence (38:57) How Do People Achieve Financial Independence? (41:32) How Does Dopamine Factor Into All of This? (49:07) We're Wired to Want More (54:51) People Retiring Early Tend to Wish They Hadn't (55:52) Passive Income Myths (58:06) Ads (59:07) Do I Need to Know About Economics for This? (1:05:01) What’s Going On in the World? (1:08:55) How Wealth Inequality Is Dividing People (1:10:50) The Charlie Kirk Shooting (1:19:04) Is There a Way Back From This Divide? (1:23:39) What Should We Be Doing to Help? (1:25:28) Are You Optimistic About the Western Economy? (1:27:23) Favorite Chapter From the Book (1:32:34) Ads (1:34:42) Why You Should Try New Things (1:37:29) Are You Chasing a Lifestyle That's Not Right for You? (1:40:48) Does Jack Think Steven Is Happy? (1:49:37) Should We Feel Guilty About the Lack of Contentment? (1:52:49) The Relationship Between Money and Kids (1:55:42) The Exact Formula for Spending (2:02:05) Humble Bubble (2:04:07) Do You Have Major Regrets in Life? Follow Morgan: Instagram - https://bit.ly/3KllnvJ X - https://bit.ly/4pJf4lT You can purchase Morgan’s book, ‘The Art of Spending Money’, here: https://amzn.to/46F9JTO The Diary Of A CEO: ◼️Join DOAC circle here - https://doaccircle.com/ ◼️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ◼️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ◼️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ◼️Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Linkedin Jobs - https://www.linkedin.com/doac Vanta - https://vanta.com/steven Replit - http://replit.com with code STEVEN

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Ann Summers CEO: The Heartbreaking Story Of One Of Britain’s Richest Women: Jacqueline Gold CBE

Ann Summers CEO: The Heartbreaking Story Of One Of Britain’s Richest Women: Jacqueline Gold CBE

Jacqueline Gold has been the CEO of AnnSummers for over thirty years, and we think after listening to this you’ll understand why she’s an inspiration to people everywhere. Taking over AnnSummers in 1987, she is now one of the richest people in the UK, and is worth over £400 million. At the beginning of her CEO journey, no one saw what she saw, that women might be interested in sex. Taking over a company run by and for men, AnnSummers and the sex industry was transformed by empowering a new audience, women. Female empowerment remains at the heart of everything she does. Jacqueline has had to overcome a lot of demons and obstacles in her life, but the attitude she’s employed to tackle these is nothing short of incredible. Jacqueline is an example of the power of approaching life with optimism and generosity, no matter what it throws at you. Follow Jacqueline: Twitter - https://twitter.com/Jacqueline_Gold Instagram - https://www.instagram.com/jacquelinegoldcbe Donate to Breast Cancer Now, a charity Jacqueline is an ambassador of - https://secure.breastcancernow.org/appeal/donate Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

4 Loka 20211h 33min

Moment 25 - This Is How You Fulfil Your Potential: Matthew Syed

Moment 25 - This Is How You Fulfil Your Potential: Matthew Syed

In these ‘Moment’ episodes of my podcast, I’ll be selecting my favourite moments from previous episodes of The Diary Of A CEO. Everyone wants to find success, achieve their dreams and fulfil their own potential, so why do some act and others not? Matthew Syed is a world leading mindset expert who can answer this very question. In this moment clip, Matthew explains the psychological reasoning between what separates those who succeed and those who don’t and shows us exactly how we can fulfil our true potential. Episode 84 - https://g2ul0.app.link/fJMwfHFJWjb Matthew: https://twitter.com/matthewsyed https://www.instagram.com/matthewsyed... https://www.matthewsyed.co.uk/ Learn more about your ad choices. Visit megaphone.fm/adchoices

30 Syys 202114min

How I Built 5 Multi-Million Dollar Companies: Marcia Kilgore

How I Built 5 Multi-Million Dollar Companies: Marcia Kilgore

Marcia Kilgore is responsible for revolutionising the beauty industry through the multiple multi-million dollar businesses she’s founded and built. She’s the woman behind Beauty Pie, Fit Flops, Bliss spas, Soap and Glory and Soaper Duper. Marcia moved to New York with just $300, which she spent on a gym membership, became a personal trainer and started a one room studio where she provided facials and spa treatments. Within a few years she’d built a spa empire and sold it to LVMH for millions and millions of dollars. What’s incredible about Marcia is she never stops moving and innovating, and she hasn’t just got lucky once with one successful business, but has managed to do it again and again. Now, Marcia runs a beauty empire. Today she tells us what it took to get to that point, what she’s learnt along the way, and what she had to give up. Follow Marcia: Instagram - https://www.instagram.com/marcia.kilgore Twitter - https://twitter.com/marciakilgore Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

27 Syys 20211h 22min

Moment 24 - Mary Portas on Finding Your Truth When You’re Feeling Lost

Moment 24 - Mary Portas on Finding Your Truth When You’re Feeling Lost

In these ‘Moment’ episodes of my podcast, I’ll be selecting my favourite moments from previous episodes of The Diary Of A CEO. It’s becoming more and more apparent that in the modern world, many people are losing touch with who they really are. The systems of society which we live in today are turning us away from our truths and toward becoming who we think we’re supposed to be. Like many others, Mary Portas was once one of those people. The high street queen had it all, and yet she admits something was missing. In this moment clip, Mary reveals how she lost herself, and thankfully, how she found her truth. Episode 85 - https://g2ul0.app.link/yapp2HjGLjb Mary: https://twitter.com/maryportas https://www.instagram.com/maryportasofficial/ Learn more about your ad choices. Visit megaphone.fm/adchoices

23 Syys 202111min

Klarna Founder: From $0 to $46 Billion: Sebastian Siemiatkowski

Klarna Founder: From $0 to $46 Billion: Sebastian Siemiatkowski

Sebastian Siemiatkowski is one of the most successful businessmen in Europe. He is the founder of Klarna, a company that is now worth an incredible $46 billion. Sebastian himself is now worth over $3.6 billion, and what’s more, he’s only just getting started. Sebastian has been incredibly honest with us on what it takes to succeed and the burdens that come with it. Sebastian started Klarna when he was just 23, he hadn’t finished university and he gave up everything when he promised himself that his business would be the only thing in his life for 6 months. He’s much older and much wiser now, and Klarna has had incredible growth to become one of the highest valued tech companies in Europe. Today he tells all about his incredible journey and how he got there, opens up on the criticism he’s received, and where Klarna goes from here. Follow Sebastian: Twitter - https://twitter.com/klarnaseb Instagram - https://www.instagram.com/sebastiansiemiatkowski Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

20 Syys 20211h 17min

Moment 23 - Why You Should Embrace Failure: Elizabeth Day

Moment 23 - Why You Should Embrace Failure: Elizabeth Day

In these ‘Moment’ episodes of my podcast, I’ll be selecting my favourite moments from previous episodes of The Diary Of A CEO. Failure is something which we will all inevitably meet throughout our lives, yet it’s something we all seem to have an incredibly toxic relationship with. Elizabeth Day is the author of ‘Failosophy’ and host of ‘How To Fail with Elizabeth Day’ so it’s no surprise that Elizabeth has a thing or two to say about failure. In this ‘moment’ from the podcast, Elizabeth and I read a couple of her 7 principles on failure from her book. Episode 77 - https://g2ul0.app.link/Iv9fxRGJzjb Elizabeth: https://twitter.com/elizabday https://www.instagram.com/elizabday/ Learn more about your ad choices. Visit megaphone.fm/adchoices

16 Syys 20219min

Moonpig Founder: How I Built A $150 Million Business WITHOUT Sacrifice: Nick Jenkins

Moonpig Founder: How I Built A $150 Million Business WITHOUT Sacrifice: Nick Jenkins

Nick Jenkins is the founder and former CEO of Moonpig.com, a company which revolutionised gift cards and is now worth over one and a half billion pounds. Nick knows what it takes to build a business from nothing to change an industry, and today he’s sharing his wisdom with us on what he’s learnt along the way. You’ll also know Nick from Dragons Den, on which he was a dragon for two years. Since leaving the den he’s become a leading investor in e-commerce and green energy, tutoring and giving a leg up to businesses which help to bring the future a little bit closer every day.  Nick is an incredible guy and an astute and proven businessman, but more importantly he’s a grounded and inspirational individual. Nick doesn’t lead a flashy lifestyle or found businesses just to get rich, but instead sees his businesses as attractive solutions to real problems we all face. Before Moonpig, Nick used to tipex out greetings on cards and write his own because no one was offering a personalised service. He doesn’t have to do that anymore, he has a billion pound company to do it for him. Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

13 Syys 20211h 8min

Moment 22 - How To Turn Your Ambition Into Action: Jamil Qureshi

Moment 22 - How To Turn Your Ambition Into Action: Jamil Qureshi

In these ‘Moment’ episodes of my podcast, I’ll be selecting my favourite moments from previous episodes of The Diary Of A CEO. It’s fair to say that most people possess ambition, yet almost all of those people fail to turn it into the required action to achieve. So it begs the question, why do we fail to act upon our ambitions? I put this question to the World Leading Psychologist and High Performance Coach Jamil Qureshi. Not only is his answer incredibly compelling, but it could be the key to unlocking your full potential. Episode 61 - https://g2ul0.app.link/3m9ExluWnjb Jamil: https://twitter.com/jamil_qureshi?lang=en https://www.linkedin.com/in/jamil-qureshi-494661a/?originalSubdomain=uk  Learn more about your ad choices. Visit megaphone.fm/adchoices

9 Syys 202110min

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