Morgan Housel once looked back at his twenties as a carefree, simple time, living in a beautiful apartment with his wife. But she quickly reminded him how anxious he truly was. His nostalgia had erased the uncertainty he once felt, just like how investors look back at past market growth and assume success was inevitable. In this episode, Morgan explains why the past is never as clear as we remember and why the future won’t be either. He also shares how entrepreneurs can build wealth despite uncertainty, the key to long-term success in the stock market, and practical strategies for sustainable financial planning.
In this episode, Hala and Morgan will discuss:
(00:00) Introduction
(02:14) Why Most Financial Resolutions Fail
(04:06) Balancing Saving and Spending Habits
(09:15) The Power of Long-Term Investing
(13:30) Navigating Startup Risks Wisely
(15:49) What Sets Genius Entrepreneurs Apart
(18:50) Why Doubt Is Necessary for Entrepreneurs
(22:23) How Hindsight Can Misguide Investors
(29:22) Wealth Inequality in the Social Media Era
(34:36) Turning Anxiety About the Future into Action
(40:23) The Financial Mistakes We Keep Repeating
(48:38) Elon Musk’s Extreme Risk-Taking Strategy
(50:42) Embracing Failure for Lasting Success
(53:55) How Rumors Shape Financial Markets
Morgan Housel is an investor, partner at The Collaborative Fund, and author of the New York Times bestsellers The Psychology of Money and Same As Ever. A former columnist for The Motley Fool and The Wall Street Journal, he simplifies complex financial ideas, emphasizing long-term thinking, compounding, and decision-making over market predictions. He is also a two-time Best in Business Award winner from the Society of American Business Editors and Writers.
Connect with Morgan:
Website: morganhousel.com
Linkedin: linkedin.com/in/morgan-housel-5b473821
Instagram: instagram.com/morganhousel
Twitter: x.com/morganhousel
Facebook: facebook.com/morgan.housel.5
Sponsored By:
Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify
Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host
Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting
Indeed - Get a $75 job credit at indeed.com/profiting
RobinHood - Receive your 3% boost on annual IRA contributions, sign up at robinhood.com/gold
Factor - Get 50% off your first box plus free shipping when you use code FACTORPODCAST at factormeals.com/profiting50off
Active Deals - youngandprofiting.com/deals
Resources Mentioned:
Morgan Housel: How to ACTUALLY Build Wealth, Investing to Gain Financial Independence | E266: youngandprofiting.co/4147SpO
Morgan’s Book, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness: amzn.to/3EoljZ0
Morgan’s Book, Same as Ever: A Guide to What Never Changes: amzn.to/4aOX7uV
Morgan’s Podcast, The Morgan Housel Podcast: bit.ly/3EljBre
Key YAP Links
Reviews - ratethispodcast.com/yap
Youtube - youtube.com/c/YoungandProfiting
LinkedIn - linkedin.com/in/htaha/
Instagram - instagram.com/yapwithhala/
Social + Podcast Services: yapmedia.com
Transcripts - youngandprofiting.com/episodes-new
All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset.
Finance, Financial, Personal Finance, Wealth, Stock Market, Scalability, Investment, Financial Freedom, Risk Management, Financial Planning, Business Coaching, Finance Podcast, Investing, Saving.