285. Morgan Housel — Mastering the Psychology of Wealth: Beyond Money and Success

If you think that simply earning more money will solve your financial woes, think again. Morgan Housel — partner at The Collaborative Fund and New York Times Bestselling Author of The Psychology of Money — has cracked the code on mastering the intricate dance between wealth and human behavior.  His research has proven that true financial success is not just about accumulating wealth but understanding the psychological forces that drive our financial decisions. In this episode of The Game Changing Attorney Podcast, Morgan and Michael Mogill discuss: The critical difference between getting wealthy and staying wealthy Why your personal experiences with money shape your financial decisions more than you realize How to prepare for economic events that you can't see coming ---- Show Notes: 00:00 – Introduction 01:28 – The Psychology of Money with Morgan Housel 04:15 – The Evolution of Retirement 08:28 – The Role of Luck in Success 13:28 – The Relativity of Wealth 19:16 – Money and Happiness 22:13 – Finding True Happiness Beyond Wealth 23:31 – The Dichotomy of Getting and Staying Wealthy 25:55 – The Ego and Financial Management 28:08 – The Man in the Car Paradox 33:19 – Preparing for Unforeseen Economic Events 37:24 – Defining True Success 42:02 – Advice from the Wealthy: Passion vs. Practicality 45:15 – Closing Thoughts and Takeaways ---- Links & Resources The Psychology of Money (Book) The 2024 Game Changers Summit ---- Listening to this episode but want to watch it? Check it out on Spotify.  Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: #113 Kevin O’Leary – The Entrepreneurial Journey: Inside the Mind of Mr. Wonderful  #249 Codie Sanchez – Maximizing Income: Strategies for Achieving Financial Freedom  #233 AMMA – How to Find Meaning In the Journey