He’s redefined how millions think about money. But what Morgan Housel says about paychecks, wealth, and regret will completely flip your idea of what it means to be “rich.”

In part 2 of The Burnouts interview, Morgan Housel joins Sophia Kianni and Phoebe Gates for a conversation that unpacks the biggest money myths we’ve been sold—from why chasing a high salary will never make you wealthy to how the American Dream became a lie our generation can’t afford.

They go deep on:

• The psychology of feeling broke even when you’re not
• Why wealth is built with ownership, not income
• What 90-year-olds wish they did differently with money
• How gender impacts the way we’re taught to think about risk, equity, and ambition
• And the real reason no amount of money ever feels like enough

Also: MrBeast vs. the media industry, what kids actually learn about money, and why comparing yourself to others is the fastest path to lifelong financial anxiety.

This is the part they don’t teach in school—and the stuff most financial “experts” get wrong.

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CHAPTERS
00:00 – Why most people will never feel rich
3:40 – Social media, comparison, and financial anxiety
7:15 – What 1,000 elderly people regret about money
11:10 – The American Dream is changing—fast
15:00 – College, homeownership, and economic reality
19:30 – Why you won’t get rich from a paycheck
23:45 – The power of equity (especially for women)
27:20 – Risk, regret, and knowing when to bet on yourself
32:00 – Teaching kids about money (without lectures)
36:40 – Are we wired to be bad with money?
40:00 – Why no one tells you this about success

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Phoebe Gates
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