Introducing The Psychology of Money with Morgan Housel from All the Hacks with Chris Hutchins.

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#6: Renowned financial columnist, Morgan Housel talks with Chris about the psychology of money. They discuss the mindset of winning investors, new ways to think about risk, when to hold cash vs. invest, and how you can stop wanting more and focus on your own financial independence.

Morgan Housel (@morganhousel) is a partner at Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He is also the author of the bestselling book The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness.

Full show notes available at: https://www.allthehacks.com/psychology-of-money-morgan-housel/

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Resources Mentioned

Connect with Morgan: Twitter | Website | LinkedIn

Morgan’s book: The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

Benjamin Graham's Books: The Intelligent Investor | Security Analysis

Eric Johnson's Book on Nazi Germany: What We Knew

Full Show Notes

(01:22) What Drove Morgan to Write the Book?

(03:58) Contrasting Finance Education with Real-World Application

(05:44) Unveiling the Highest Form of Wealth

(07:18) Exploring Financial Independence as a Spectrum

(10:28) Building Wealth: Balancing Saving and Earning

(12:30) The Paradox: Why People Dislike Saving Money

(13:36) Curbing Desires: A Strategy for Specific Individuals

(17:20) Extremes of FIRE: Striking a Social Balance

(19:34) Unraveling the Mysteries of Irrational Money Behavior

(22:16) Active vs. Passive Investing: Can You Embrace Both?

(26:52) Understanding Your True Risk Tolerance

(32:34) Embracing Fallibility and Liberating Yourself from Perfection

(36:25) Staying the Course: Making Multiple Calculated Bets

(38:51) Framework for Learning from Financial Mistakes

(39:30) Multidimensional History: Acknowledging Different Perspectives

(41:26) Learning from History: The Best Approach

(44:41) Reimagining Education: Shifting Curriculum Focus

(46:54) Parental Role: Nurturing Financial Education in Kids

(49:04) Delving into the Overlooked Aspects of Behavioral Finance

(50:47) The Singular Financial Hack You Need

Connect with All the Hacks

All the Hacks: Newsletter | Website | Membership | Email

Chris Hutchins: Twitter | Instagram | Website | LinkedIn

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DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].

Is Heather bad luck? Why is Diet Coke at McDonalds so good? And what cryptic things does renowned TV writer / friend of the show LIZ ASTROF google late at night? Heather shares all the food she ate during (and after) this week's Rams game at SoFi Stadium and the recent shoe debacle with Bloomingdales! PLUS: A fun game of GOOP THERE IT IS!

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Introducing Ezra Klein on Where Democrats Go From Here from Pod Save America.

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Jon and New York Times columnist Ezra Klein, host of The Ezra Klein Show, talk through what we know about how Democrats started to lose working-class and lower-information voters—even before 2024—how social media and interest groups drive those divides, why blue states and cities shifted right, and what progressives can do to tackle the affordability crisis.

DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].

Emmy winning actor and Heather's high school friend DAN BUCATINSKY joins the show to talk about their upbringing in Chappaqua, reconnecting on the set of NBC's Jenny, why Dan started #Failure Friday, why you should NOT deprive your child "the privilege of suffering", why Dan could never do reality TV, advice he once got from Jane Lynch, Heather's story about one of her kids trying to park the car, Dan's upcoming film OUR LITTLE SECRET with Lindsay Lohan, Kristin Chenoweth, and Ian Harding, AND another famous celebrity that they both knew in high school!

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Introducing Making Sense of Trump's Win from Pod Save America.

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After a night of resounding losses and a nationwide lurch to the right, Jon, Lovett, Tommy, and Dan begin to sift through the pieces—what we know, and we don't, about the race Democrats ran, what voters are looking for, and how to endure the turmoil of a second Trump term.

For a closed-captioned version of this episode, click here. For a transcript of this episode, please email [email protected] and include the name of the podcast.

DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].

Comedian and “The World Deserves My Children” author Natasha Leggerro joins Heather as they compare their bumpy roads to motherhood INCLUDING IVF, advanced age pregnancy, c-sections, and "situational breeding" PLUS: When to give your kids cell phones, Heather’s embarrassing Annie story, and how a certain Broadway trio left her completely disappointed. Original Airdate: 11/04/2022

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Introducing Trump's Halloween Costume from Pod Save America.

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Donald Trump dresses up like a sanitation worker as a message stunt and says he'll "protect" women "whether the women like it or not." Kamala Harris seizes on those remarks in events in the swing states, sharpening her argument against Trump on abortion and health care. In the final Friday episode before Election Day, Jon and Dan discuss all the latest and what they're watching for in each of the battleground states on Tuesday. Then, Nebraska's independent Senate candidate, Dan Osborn, talks with Dan about how he's pulled even with the Republican incumbent in one of the reddest states in the country, and how he plans to win.

DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].

E! News host and friend of the pod JUSTIN SYLVESTER chats with Heather about her European travel woes, How a trip to Nicaragua changed Justin's life forever, Why Heather being unrelatable ACTUALLY makes her relatable, Justin's theory on celebrity air travel, Why you DON'T always have to tag where you are in Europe, Justin's thoughts on this season of RHOC, Heather discusses Tamra Judge fighting with Jennifer Pedranti, Hoda Kotb leaving Today... and if Justin is in the running as a replacement!

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Introducing Hasan Piker on the Bro Vote, Kamala Harris, and the 2024 Election from Offline with Jon Favreau.

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Hasan Piker, Gen Z’s favorite left wing political commentator and Twitch streamer, joins Offline to talk about the Trump campaign’s bro-first election strategy, the right wing’s dominance of the digital media landscape, and why, 25 days until the election, he’s feeling mostly…tired. Jon and Hasan debate the Biden-Harris policy agenda, particularly with regard to immigration and Israel-Palestine, and Hasan shares how he avoids burnout while talking politics live for 50 hours a week.

For a closed-captioned version of this episode, click here. For a transcript of this episode, please email [email protected] and include the name of the podcast.

DISCLAIMER: Please note, this is an independent podcast episode not affiliated with, endorsed by, or produced in conjunction with the host podcast feed or any of its media entities. The views and opinions expressed in this episode are solely those of the creators and guests. For any concerns, please reach out to [email protected].

He's your favorite makeup artist! The amazing Patrick Starrr joins Heather to discuss their chance encounter at HaiDiLao, how Patrick chose to pursue a different path from what his parents wanted, how service jobs prepared him to be an influencer, going from YouTube to MAC, how his One Size setting spray helped Beyonce through a rainy performance, AND MORE!! Original Airdate: 10/26/2023

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