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

The Game Changing Attorney Podcast with Michael Mogill

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

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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

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Links & Resources

• The Psychology of Money (Book)
• The 2024 Game Changers Summit

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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.

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