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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Soho House Founder: How I Built The World’s Most Exclusive Club: Nick Jones

Soho House Founder: How I Built The World’s Most Exclusive Club: Nick Jones

Nick Jones is the founder of Soho House, the worldwide exclusive private members club worth an incredible $2.8 billion. He’s rewritten the rulebook on hospitality, and his business covers restaurants, hotels, events, and so much more! If you want to know not just how to build a business, but invent a whole industry, this is the conversation for you. If you want to know how to maintain worklife balance while making billions, this is the mentoring you needed to hear. Nick is so calm and collected in his thoughts it’s strange to think it all came so close to crashing down, and his business was born out of his first initial business failure when he had nowhere else to turn. Because when you get knocked down, sometimes that forces you to come back in a whole new way. Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

25 Juli 20221h 10min

Moment 67 - The HIDDEN Power of REGRET: Daniel Pink

Moment 67 - The HIDDEN Power of REGRET: Daniel Pink

In this Moment Daniel Pink opens up on how we can turn regret into our superpower. There is no emotion as forceful or driving to us as that niggling feeling when we didn't get it right. Rather than shut out or deny that emotion, Daniel takes us through step-by-step how we can turn the tables on our own regrets to make sure that we don't make the same mistakes again. Daniel brought such a positive attitude to this recording that our mistakes are opportunities for learning and a teachable moment, not burdens that have to dog us for the rest of our lives. Seeing the hidden power of regret is to realise everything is fixable, mendable and figure out-able. Listen to the full episode here - https://g2ul0.app.link/7X08IGEEQrb Daniel: https://twitter.com/DanielPink?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor https://www.danpink.com Watch the Episodes On Youtube - https://www.youtube.com/c/TheDiaryOfACEO/videos Learn more about your ad choices. Visit megaphone.fm/adchoices

22 Juli 202215min

Malcolm Gladwell: Working From Home Is Destroying Us!

Malcolm Gladwell: Working From Home Is Destroying Us!

Malcolm Gladwell is an author who across his six bestsellers has sold millions and millions of books, and his podcast Revisionist History is listened to by millions and millions of listeners every week. Malcolm blessed us with his insights on everything on how to deal with regrets to how to keep the memory of our loved ones alive, from America’s mass incarceration crisis to what was Steve Jobs actually good at? Malcolm’s book, The Bomber Mafia, is out now in paperback, and his podcast, Revision History, is currently releasing its seventh season. Follow Malcolm: Instagram - https://www.instagram.com/malcolmgladwell/ Twitter - https://mobile.twitter.com/gladwell Malcolm's book: https://www.amazon.co.uk/Bomber-Mafia-Story-Set-War/dp/024153500X Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

21 Juli 20221h 40min

Coinbase Founder: The Crazy Journey Of Building A $100 Billion Company: Brian Armstrong

Coinbase Founder: The Crazy Journey Of Building A $100 Billion Company: Brian Armstrong

Brian is the co-founder and CEO of Coinbase, a company thats reached highs of a valuation of $100 billion. After an adolescence and youth searching for independence where no one could be his boss, he’s come a long way, but he’s realised he’s had to change a lot too. Before anyone had heard of Bitcoin, there was Coinbase. Taking a punt on an industry no one knew and no one understood, Brian quit his lucrative career to be his own man. No one encouraged him. No one. He’d told the idea to hundreds of people before someone told him it could work. In this conversation, Brian brought a wisdom and a nuance about how to run and build a business like very few conversations we’ve had on this podcast. If you want to know how the best in the world take an idea from drawboard to $100 billion, this is the story of how it happened. Follow Brian: Twitter - https://twitter.com/brian_armstrong Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

18 Juli 20221h 40min

Moment 66 - Karren Brady's Secret To A Long Lasting Relationship

Moment 66 - Karren Brady's Secret To A Long Lasting Relationship

In this moment, Karren Brady tells us about how she finds balance in all parts of her life, juggling leading a premier league club with relationships. There is no more relentless entrepreneur than Karren, and no one who works as hard, but there's also no one who cares about their family more. Karren opens up about how constant communication and compromise allows both her and husband the space and the breathing room to live their lives to their fullest potential. Both of them have been so successful because both of them want the other to be successful, and this generosity of spirit is something we can all bring to our own lives. Listen to the full episode here - https://g2ul0.app.link/e8DcqM1RErb Karren: https://twitter.com/karren_brady?s=20&t=FeA1tytuSw8D0GiMF6LSHA https://www.instagram.com/karren_brady_official/channel/?hl=en Watch the Episodes On Youtube - https://www.youtube.com/c/TheDiaryOfACEO/videos Learn more about your ad choices. Visit megaphone.fm/adchoices

15 Juli 202213min

Victimhood & Self-sabotage Is Destroying The World In 2022: Africa Brooke

Victimhood & Self-sabotage Is Destroying The World In 2022: Africa Brooke

Africa Brooke is a speaker and podcast host, who has built a community that has helped hundreds of thousands of young people navigate the unique pressures of the world today. From binge drinking to cancel culture, sexual empowerment to race and politics - Africa isn’t afraid to speak completely honestly and frankly about anything. No one has come in to speak to us with as much honesty and vulnerability as Africa. This is a one-of-a-kind conversation that left us speechless. There's never a topic on Diary of a CEO that’s off-limits, we will always bring you the world’s leading people telling their honest truth. What to make of their opinions is up to you, but as soon as Africa walked through the door of my kitchen to record, any pre-conceptions of what she was about to say were left on the other side. She certainly didn’t hold anything back. Follow Africa: Instagram - https://www.instagram.com/africabrooke/ Website - https://africabrooke.com/ Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

14 Juli 20221h 46min

Chris Eubank Jr. Opens Up About His Grief, Living In His Father’s Shadow & His Future

Chris Eubank Jr. Opens Up About His Grief, Living In His Father’s Shadow & His Future

Chris Eubank Jr. is a boxer on his way to being the best in the world. A journey into boxing like no other, Chris didn’t just have to step out of the shadows of his own demons to make his name in the ring, but out of the shadow of his own father. But Chris’s journey to the top hasn’t been seamless. He’s been knocked back by some bruising defeats, and - as he explains - by tragedy. When his brother tragically died of a heart attack, Chris’s world almost fell apart. But it isn’t how you get knocked down, it’s how you get back up. Over and over again in Chris’s life, he’s had to look deep within himself to find his inner strength to match his outward toughness. It hasn’t been easy for him, but he wouldn’t have had it any other way. Follow Chris: https://twitter.com/chriseubankjr https://www.instagram.com/chriseubankjr/ Follow me: https://beacons.ai/diaryofaceo Learn more about your ad choices. Visit megaphone.fm/adchoices

11 Juli 20221h 17min

Moment 65 - Jimmy Carr On Knowing You're Enough

Moment 65 - Jimmy Carr On Knowing You're Enough

In these ‘Moment’ episodes of my podcast, I’ll be selecting my favourite moments from previous episodes of The Diary Of A CEO. In this moment, Jimmy Carr walks us through how exactly to find out what it is that's going to bring you happiness, and how to find satisfaction in your life. He tells us exactly how to interpret your actions and interrogate your feelings to bring out your true desires. It took Jimmy a long time to find out what he really wanted from life, and he was nearly trapped by the expectations he and other people put on himself when he felt himself moving towards a corporate life he didnt want. Jimmy set himself free, and in this moment he explains how you can set yourself free too. Listen to the full episode here - https://g2ul0.app.link/I7QKadbntrb Jimmy - https://www.instagram.com/jimmycarr/?hl=en https://twitter.com/jimmycarr?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Watch the Episodes On Youtube - https://www.youtube.com/c/TheDiaryOfACEO/videos Learn more about your ad choices. Visit megaphone.fm/adchoices

8 Juli 202211min

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