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Are You Making This Huge Money Mistake?
Most people think they need to make more money to get rich. But what if I told you that’s exactly why they’re broke? Today, I’m sitting down with Morgan Housel, the author of The Psychology of Money, to completely rewire the way you think about wealth, security, and financial freedom. If you’ve ever wondered why some people who earn millions still end up broke while others with modest salaries quietly build real wealth, this episode is for you.
We break down the difference between being rich and being wealthy, why chasing status is a financial trap, and how most people dramatically underestimate how much money they’ll need to stop working one day. Morgan shares why simple beats complex when it comes to investing, the real cost of debt-driven wealth, and how saving money isn’t just about you—it’s about being ready for life’s inevitable curveballs.
I also open up about my own financial mindset—how fear of being broke has been a bigger driver for me than the excitement of getting rich, and why even after years of making an eight-figure income, I’ve stuck to a strategy of endurance, not shortcuts. Whether you’re just starting your financial journey or trying to level up, this conversation will challenge what you thought you knew about money.
At the end of the day, it’s not just about how much you make—it’s about how long you can keep it. Don’t miss this one.
Listen now and take control of your financial future!
👉 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👈
→ → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ←
➡️ X / TWITTER
➡️ WEBSITE
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By Ed Mylett | Cumulus Podcast Network4.9
1362813,628 ratings
Are You Making This Huge Money Mistake?
Most people think they need to make more money to get rich. But what if I told you that’s exactly why they’re broke? Today, I’m sitting down with Morgan Housel, the author of The Psychology of Money, to completely rewire the way you think about wealth, security, and financial freedom. If you’ve ever wondered why some people who earn millions still end up broke while others with modest salaries quietly build real wealth, this episode is for you.
We break down the difference between being rich and being wealthy, why chasing status is a financial trap, and how most people dramatically underestimate how much money they’ll need to stop working one day. Morgan shares why simple beats complex when it comes to investing, the real cost of debt-driven wealth, and how saving money isn’t just about you—it’s about being ready for life’s inevitable curveballs.
I also open up about my own financial mindset—how fear of being broke has been a bigger driver for me than the excitement of getting rich, and why even after years of making an eight-figure income, I’ve stuck to a strategy of endurance, not shortcuts. Whether you’re just starting your financial journey or trying to level up, this conversation will challenge what you thought you knew about money.
At the end of the day, it’s not just about how much you make—it’s about how long you can keep it. Don’t miss this one.
Listen now and take control of your financial future!
👉 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👈
→ → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ←
➡️ X / TWITTER
➡️ WEBSITE
Learn more about your ad choices. Visit podcastchoices.com/adchoices

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