510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich
03/12/24 • 52 min
Morgan Housel’s ground-breaking book, The Psychology of Money, changed how many Americans thought about saving, spending, and investing. Through a collection of financial lessons, Morgan opened up new thought patterns for many of us, showcasing that getting rich isn’t as complicated as you might think, but staying rich can be the actual challenge. Now, this personal finance powerhouse is back with a new book, Same as Ever.
In Same as Ever, Morgan doubles down on what has, and most likely always will, work in the personal finance world. By showcasing some of the most commonly repeated financial events of the past, we can better shape our understanding of what will happen in the future and use history to our advantage to build even bigger wealth, enjoy our lives even more, and not repeat our past mistakes.
But this episode goes much deeper than that. We talk about why so many Americans will die without building wealth, why people are afraid to invest, when to spend your wealth once you’ve built it, and exactly how Morgan invests his own money. Plus, why getting rich isn’t your biggest concern—staying rich is.
In This Episode We Cover
Why Morgan thinks you MUST be a “reasonable optimist” to get and stay rich
Exactly how Morgan spends, saves, and invests his own money
The real reason why most Americans will die without ever building wealth
The “competition” which is always looking to take your success from you
How to STOP being afraid of investing and start putting your future first
When to spend your wealth and why dying with riches isn’t the real goal
Financial regrets and mistakes of Morgan’s past, and advice for ANY investor
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
The Simple Path to Wealth—Index Funds Explained with JL Collins
How to Get Rich Without Investing in Real Estate
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-510
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]
Learn more about your ad choices. Visit
Morgan Housel’s ground-breaking book, The Psychology of Money, changed how many Americans thought about saving, spending, and investing. Through a collection of financial lessons, Morgan opened up new thought patterns for many of us, showcasing that getting rich isn’t as complicated as you might think, but staying rich can be the actual challenge. Now, this personal finance powerhouse is back with a new book, Same as Ever.
In Same as Ever, Morgan doubles down on what has, and most likely always will, work in the personal finance world. By showcasing some of the most commonly repeated financial events of the past, we can better shape our understanding of what will happen in the future and use history to our advantage to build even bigger wealth, enjoy our lives even more, and not repeat our past mistakes.
But this episode goes much deeper than that. We talk about why so many Americans will die without building wealth, why people are afraid to invest, when to spend your wealth once you’ve built it, and exactly how Morgan invests his own money. Plus, why getting rich isn’t your biggest concern—staying rich is.
In This Episode We Cover
Why Morgan thinks you MUST be a “reasonable optimist” to get and stay rich
Exactly how Morgan spends, saves, and invests his own money
The real reason why most Americans will die without ever building wealth
The “competition” which is always looking to take your success from you
How to STOP being afraid of investing and start putting your future first
When to spend your wealth and why dying with riches isn’t the real goal
Financial regrets and mistakes of Morgan’s past, and advice for ANY investor
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
The Simple Path to Wealth—Index Funds Explained with JL Collins
How to Get Rich Without Investing in Real Estate
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-510
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]
Learn more about your ad choices. Visit
Previous Episode
509: How to Build, Grow, Scale, and SELL Your Online Business
If you want to make money online in 2024, good news: it’s easier than ever! Just ask today’s guest, who had to bootstrap his online business before you could launch a business with little to no startup costs. If you have an entrepreneurial spirit and need a little inspiration to get your next business idea rolling, this episode is for you!
Welcome back to the BiggerPockets Money podcast! Today, we’re joined by serial entrepreneur Omar Zenhom from The $100 MBA Show. For many years, Omar worked as a full-time educator while nurturing his fledgling businesseson the side. Naturally, many of them didn’t work out. But rather than letting these failures deter him from entrepreneurship, Omar applied each new lesson to his next business venture. Eventually, he struck gold with WebinarNinja, a software company he scaled to 30,000 users before selling his business and enjoying the spoils.
Want to achieve financial freedom without being reliant on your W2 job? Stick around to learn the ins and outs of building a business from the ground up—saving money to get started, leveraging your network to scale the business, and ultimately, selling your company for a huge profit !
In This Episode We Cover
How Omar built, scaled, and SOLD a multimillion-dollar SaaS (software as a service) company
How to start your own online business from square one
Why teaching is the ultimate skill you NEED to develop for business
The pros and cons of bootstrapping versus raising capital
Leveraging your network to help grow and scale your company
Preparing to sell your business (and how to exit successfully!)
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
The Digital Nomad’s Guide to High-Income Skills and Making Money Online
Humphrey Yang: How to Save $100, Quit Your Job, and Build a Business
How I Turned My Tiny Side Hustle into a Multi-Million Dollar Business
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-509
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
Next Episode
511: Pay Your Rent and Level Up Your Home with THIS Creative Side Hustle
Could one side hustle help you pay rent, save money to invest in real estate, or reach financial independence? Today’s guest picked up the perfect hobby that combines his background in art and love for home décor. The best part? It allows him to make extra money each month!
Welcome back to the BiggerPockets Money podcast! Because Kyle William earns a modest salary in an expensive city, there’s no room for new furniture and décor in his budget. However, he has found a way to not only fully furnish his apartment without paying top dollar but also turn this passion into a profitable side hustle. In his spare time, he scours the web for items that people no longer value, uses his artistic eye and do-it-yourself (DIY) skills to restore them to peak condition, and then flips them online for a hefty profit!
Could you turn your own passion into a money-making side hustle, too? Whether you’re interested in flipping furnitureor another hobby altogether, tune in as Kyle shares where to find unwanted items, the best DIY skills for beginners, and how to cash in on your hard work!
In This Episode We Cover
The DIY side hustle Kyle uses to cover his rent (and improve his home!)
How to start your own furniture flipping side hustle
The best places to find valuable used items that can be recycled
Beginner do-it-yourself (DIY) skills that YOU can learn today
Kyle’s best home decorating hacks for thrifty creatives
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Make an Extra $100/Day with These Work-From-Home Side Hustles
How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-511
Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected]
Learn more about your ad choices. Visit megaphone.fm/adchoices
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