In part two of our conversation about The Psychology of Money, by Morgan Housel, the Asset Builder team is getting into a good money mindset, sitting in discomfort, being less flashy, and more. True freedom isn’t being able to spend as much money as you want when you want to; instead, it’s the ability to control your life. Focusing on your own journey to financial freedom doesn’t mean getting a flashy car to impress people.
Since there’s no financial literacy classes in the high schools we went to (and most likely not where you went either), we hope you’ll tune in to learn more about shifting your mindset on wealth as we breakdown this gem of a book. Remember: true wealth isn’t what you see because most of the “wealth” you see is actually a depreciating asset.
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[00:00] Show intro
[00:28] Welcome to part two of the book breakdown!
[01:55] Ch. 6: Success doesn’t come 100% of the time
[08:40] Ch. 7: You can become a slave to stuff
[12:45] Ch. 8: The man in the car paradox
[16:39] Ch. 9: Wealth is what you don’t see
[19:35] Ch. 10: Save your money
[24:05] The importance of financial literacy
[24:55] Free books!
[25:24] Wrapping it up
[25:52] Outro
Will Social Security Run Out in 2030?
Responding to Elon Musk’s Tweet
Inflation vs Stagflation – What’s the Difference?
How to Invest in an Unpredictable Market
Are There Good Reasons to NOT Invest?
Quotes All Investors Should Know
How to Spring Clean Your Investment
Investing & Taxes: A Brief Overview
Are Your Heirs Prepared to Handle Your Inheritance?
Rate Hikes Are in the News — Is it Time to Freak Out?
THE MILLIONAIRE TEACHER returns to discuss his NEW book, Balance — How to Invest and Spend For Happiness, Health, and Wealth
What Should You Do If the Market Crashes When You Retire?
How Much of Your Income Should You Be Investing?
Change Your Life With ONE Formula
Are Women Better Investors Than Men?
Understanding Our Investment Biases
Look Out for These RED FLAGS in Investment Advisors
How (and why) to Roll Over Your 401(k)
Investing Horror Stories Pt.3
Investing HORROR Stories Pt. 2
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