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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E51: The Certainty Of Unexpected Chaos

E51: The Certainty Of Unexpected Chaos

This week's episode of The Diary of a CEO is all about the certainty of unexpected chaos. This is a different episode, for the very different times that we’re living in. But, I think you ALL need to hear this, because I did. I discuss why you should be responsible for your actions, how to be positive amongst all the chaos, stay psychologically effective and the importance of being compassionate with your thoughts. I also delve into what I call "happiness dividends" and discuss why it is vital not give up on your long term goals for short term pleasures, especially in this time of uncertainty. Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Huhti 202050min

E50: Jake Humphrey - My Grandma's Suicide Saved Me

E50: Jake Humphrey - My Grandma's Suicide Saved Me

In my most recent episode of The Diary of a CEO, I sat down with the incredibly successful TV presenter, journalist and entrepreneur Jake Humphrey. Jake has gone from being an unqualified drop out, who was fired from McDonalds after just two months for a lack of communication skills to one of the UK’s most well known TV presenters, with accolades such as CBBC, BT Sport, Formula One and much more. Jake also co-founded the production company Whisper Films, alongside former BBC Sport producer Sunil Patel and David Coulthard and the business has grown from £1.5m to almost £20m. Our conversation was extremely honest and open. Jake has struggled to come to terms with the common misconceptions of who he is, battling suicidal thoughts and developing an unhealthy relationship with social media. We discuss the best way to move forward with the devastating impact social media can have and why failure is the key to being successful. Learn more about your ad choices. Visit megaphone.fm/adchoices

5 Maalis 202053min

E49: Dame Stephanie Shirley - Escaping Nazi Germany and Making £2.3bn

E49: Dame Stephanie Shirley - Escaping Nazi Germany and Making £2.3bn

In this week's episode of The Diary of a CEO, I chat to Dame Stephanie Shirley also known as "Steve".At the age of 5, Steve fled from Nazi persecution in her hometown of Dortmund and arrived in the UK on the Kindertransport, luckily escaping the... Learn more about your ad choices. Visit megaphone.fm/adchoices

27 Helmi 20201h

E48: Jamie Laing & Ed Williams - The Sweet Success

E48: Jamie Laing & Ed Williams - The Sweet Success

In this week's episode of The Diary of a CEO, I chat to Jamie Laing and Ed Williams, the co-founders of Candy Kittens - the fastest growing confectionary brand in the UK. Our conversation delved into battling the misconceptions of family wealth,... Learn more about your ad choices. Visit megaphone.fm/adchoices

20 Helmi 20201h 24min

E47: The Solution To All Of Your Problems

E47: The Solution To All Of Your Problems

This week's episode of The Diary of a CEO is all about breakdowns and problems and I delve into why only YOU have control over your thoughts. I discuss how we are obsessing over optimising our lives and the worrying increase in loneliness within the... Learn more about your ad choices. Visit megaphone.fm/adchoices

13 Helmi 202043min

E46: Diane Modahl - Doping, Defeat and Determination

E46: Diane Modahl - Doping, Defeat and Determination

How would you feel if your career, the career you’ve worked at all your life, was suddenly destroyed? This is how my next guest on The Diary of a CEO felt when her whole world came tumbling down due to a fatal error. Diane is truly inspirational. Her... Learn more about your ad choices. Visit megaphone.fm/adchoices

3 Helmi 20201h 6min

E45: I Have NEVER Shared This Before.

E45: I Have NEVER Shared This Before.

In the first episode of 2020 of The Diary of a CEO, I share a very personal extract from my diary 8 years ago which I’ve NEVER shared before, and discuss the time I’ve recently spent alone in the Indonesian Jungle. I also explain why it’s important to... Learn more about your ad choices. Visit megaphone.fm/adchoices

16 Tammi 202049min

E44: The lessons we MUST learn before 2020.

E44: The lessons we MUST learn before 2020.

2019 has been a world-wind of a year for me, and this week’s episode of The Diary of a CEO is all about reflection. Alongside this, I discuss why you shouldn’t waste time on people that don’t deserve it. Furthermore, I explain why it’s critical for us t... Learn more about your ad choices. Visit megaphone.fm/adchoices

23 Joulu 201941min

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