Is true wealthbuilding as simple as asking for a raise? Or is it just picking the right stock? Well… no. Morgan Housel argues the cornerstone of true wealthbuilding lies in understanding — and controlling — your behavior. After studying the psychology of money and writing The Psychology of Money, he’s seen why brilliant people go broke and ordinary people quietly build fortunes. Patience beats IQ. Independence beats status. And the real game is managing your own impulses.

In this conversation you’ll learn why a janitor died with millions while a Harvard MBA went bankrupt, why most high earners still live paycheck to paycheck, why diversification won’t make you the richest but will keep you from blowing up, why the biggest financial decisions are school, house, car, childcare, and insurance, and why reading history matters more than reading forecasts.

This isn’t about skipping lattes. It’s about mastering the behaviors that actually build wealth and avoiding the ones that quietly destroy it.

___________

00:00:00 Introduction

___________

MORE FROM BIGDEAL

🎥 YouTube: https://www.youtube.com/@podcastbigdeal

📸 Instagram: https://www.instagram.com/bigdeal.podcast

📽️ TikTok: https://www.tiktok.com/@big.deal.pod

MORE FROM CODIE SANCHEZ

🎥 YouTube: https://www.youtube.com/@codiesanchezct

📸 Instagram: https://www.instagram.com/codiesanchez

📽️ TikTok: https://www.tiktok.com/@realcodiesanchez

OTHER THINGS WE DO

🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID

📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp

📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN

🏠 Resibrands: https://resibrands.com/

💰 CT Capital: https://contrarianthinking.biz/4eRyGOk

🏦 Main St Hold Co: https://contrarianthinking.biz/3YfGa8u

Learn more about your ad choices. Visit megaphone.fm/adchoices