The Psychology of Money | Simple Money Rules That Will Make You Rich with Morgan Housel

The Psychology of Money | Simple Money Rules That Will Make You Rich with Morgan Housel

Are You Making This Huge Money Mistake? Most people think they need to make more money to get rich. But what if I told you that’s exactly why they’re broke? Today, I’m sitting down with Morgan Housel, the author of The Psychology of Money, to completely rewire the way you think about wealth, security, and financial freedom. If you’ve ever wondered why some people who earn millions still end up broke while others with modest salaries quietly build real wealth, this episode is for you. We break down the difference between being rich and being wealthy, why chasing status is a financial trap, and how most people dramatically underestimate how much money they’ll need to stop working one day. Morgan shares why simple beats complex when it comes to investing, the real cost of debt-driven wealth, and how saving money isn’t just about you—it’s about being ready for life’s inevitable curveballs. I also open up about my own financial mindset—how fear of being broke has been a bigger driver for me than the excitement of getting rich, and why even after years of making an eight-figure income, I’ve stuck to a strategy of endurance, not shortcuts. Whether you’re just starting your financial journey or trying to level up, this conversation will challenge what you thought you knew about money. What You’ll Learn in This Episode: Why most people who want to be millionaires actually spend like they already are—and that’s why they stay broke The #1 habit of the wealthy (hint: it has nothing to do with income) How compounding works in real life and why it’s the most powerful tool you’re probably ignoring The psychological traps that keep you from saving and investing Why financial independence is really about having options, not just money The hidden cost of chasing status and external approval How to prepare for life’s financial curveballs—because they WILL happen At the end of the day, it’s not just about how much you make—it’s about how long you can keep it. Don’t miss this one. Listen now and take control of your financial future! 👉 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👈 → → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ← ➡️ INSTAGRAM ➡️FACEBOOK ➡️ LINKEDIN ➡️ X / TWITTER ➡️ WEBSITE Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(618)

Ed Mylett - Design Your Life

Ed Mylett - Design Your Life

Serial entrepreneur and life strategist Ed Mylett shares his goal setting strategies on this weeks podcast! Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Des 201729min

Tim Grover - Becoming Relentless

Tim Grover - Becoming Relentless

Ed Mylett interviews national bestselling author and CEO of ATTACK Athletics Tim Grover this week! Tim is world-renowned for his legendary work with elite champions and Hall of Famers, including Michael Jordan, Kobe Bryant, Dwyane Wade, and hundreds other NFL, MLB, NBA, and Olympic athletes, he is the preeminent authority on the science and art of physical and mental dominance and achieving excellence.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Des 20171h 9min

Ed Mylett  - Don't Die In Your 20's!

Ed Mylett - Don't Die In Your 20's!

The Grey Avenue is South America's #1 business podcast and they had Ed Mylett join them this week to cover a variety of topics from fitness, to finding motivation, to what #MaxOut really means to Ed. Listen to "Don't Die In Your 20's" here! Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Nov 201754min

Grant Cardone - The 10x Effect

Grant Cardone - The 10x Effect

Life Strategist Ed Mylett gets real estate mogul Grant Cardone talking like you've never heard before! Listen as they discuss life goals, family and much much more... Please rank and review on iTunes! Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Okt 20171h 17min

Tony Robbins - An Hour that will Change Your Life.

Tony Robbins - An Hour that will Change Your Life.

Long Time friends Ed Mylett and Tony Robbins share an epic hour together.   Ed and Tony discuss a variety of topics.   Including: Tony's real Personal Story. How to attach the right meaning to an event. How get the emotions we want In life. How to achieve a Peak State. Winning thinking. Daily Routines and Planning. The damage the traditional Financial Service Industry has done to Consumers and what to do about it.  How to be happier.    And much much more...   Please rank and review the podcast on iTunes. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Aug 20171h 2min

Ed Mylett, Chris and Marlow Felton - Changing your Identity

Ed Mylett, Chris and Marlow Felton - Changing your Identity

The first half of the podcast discusses the keys to changing your identity and schedule strategies to become the best leader you can possibly be. Second part of the podcast is an interview with Chris and Marlow Felton , Ed interviews them about their book "Couples Money". Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Jun 20171h 24min

Ed Mylett - The Keys to #MaxingOut

Ed Mylett - The Keys to #MaxingOut

The keys to #MaxingOut and performing to your peak! Listen to Ed this week as he addresses eliminating the things that hold us back... Why our associations are so important The power of keeping things simple The concept of earning respect over recognition The destructive power of discouragement how to overcome it Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Mar 201737min

Ed Mylett - Unlocking Your Success Code

Ed Mylett - Unlocking Your Success Code

In this audio I discuss the keys to building a recipe of success in all different areas of one's life. Art and science of peek performance. The process of thinking correctly and developing perfect habits. How the reticular activating system(RAS) works in the brain and much more Learn more about your ad choices. Visit podcastchoices.com/adchoices

1 Feb 20171h 30min

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