#543. The Psychology of Money | Morgan Housel

Money is often a messy and complicated topic that provokes a lot of anxiety. 

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Today’s show is the first episode of a two-part series on managing our relationship to money and understanding what role money really plays when it comes to our happiness. 

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Morgan Housel is the author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Translated into over 50 languages with over two million copies sold, Housel is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. 

In this conversation we talk about: 

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• The difference between happiness and contentment
• The difference between being rich and being wealthy
• The elusive but crucial concept of “enough”
• The importance of not moving the goalposts when it comes to enough-ness
• Why financial success is more about behavior than intelligence
• How our lived experiences impact our perspectives on money 

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Where to find Morgan Housel online: 

Website: https://www.morganhousel.com/

Twitter: @MorganHousel

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Book Mentioned:

• The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

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Other Resources Mentioned:

• The Moral Bucket List by David Brooks (NY Times)
• John D. Rockefeller: The Richest Man in the World
• Daniel Kahneman
• Carl Richards
• 30 Lessons for Living

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