Success Myths Debunked: A Deep Dive into the Psychology of Money | Morgan Housel

Right now, we’d like to thank the sponsor of this episode: LifeMD. Looking to lose weight and improve your health? Embrace your journey towards a healthier and happier you, and achieve lasting sustainable weight loss with LifeMD by your side. Visit lifemd.com/CHARM to get started! In today’s episode, we tackle the price of greatness with Morgan Housel, the author of The Psychology of Money and Same as Ever: A Guide to What Never Changes which is already a NYT bestseller. Today we’re redefining success and happiness, starting with a myth-busting take on the 1950s' nostalgia. Discover the unconventional yet effective strategy of finding happiness, gain unique insights into how embracing failure is a secret weapon used by top comedians to achieve greatness, including wisdom from the legendary Jerry Seinfeld on the art of timing and knowing when to walk away.  What to Listen For Introduction – 0:00 Most people overlook this simple mindset shift to be happy  Why do we feel so nostalgic about the 1950s and does that nostalgia have a basis in reality? The psychological trick to making effortless changes in behavior  – 18:12 What is the simple strategy most people overlook to streamline your path to accomplishing your goals? If you want to be successful, when is the best time to walk away or move on from something you’re invested in? This is more important than competitive advantages in the long run – 26:50 What can we learn from why once-dominant businesses collapsed in order to stay competitive in a hyper competitive market? The secret to going viral on any platform – 37:55 What do you have to do to go viral that most people will never try?  The unspoken painful price of greatness – 52:20 Why would most people give up on the pursuit of fame if they knew this price they would have to pay? Learn more about your ad choices. Visit megaphone.fm/adchoices