What if the biggest financial mistake you’ll ever make has nothing to do with money?
Today I’m sitting down with someone who’s helped millions of people see money in a completely different way.
It’s the third time I’ve had the chance to sit with Morgan Housel on The Diary Of A CEO, and if you’ve seen our past conversations, you’ll know exactly why I couldn’t wait to do this again.
Morgan is one of the most respected voices in finance and his words have changed how millions of people think about wealth, risk, and happiness.
His book, The Psychology of Money, has sold millions of copies and reshaped how people around the world think about money.
We cover:
– Why do most people misunderstand wealth?
– How can you avoid the hidden traps of success?
– The 5 steps to financial freedom…
– Why are we emotional about money?
Morgan is so good at explaining something that many people overcomplicate.
His book didn’t just change how I think about money, it changed how my family talks about it too.
Every time we sit down I’m reminded that money isn’t the goal.
It’s just a tool for living a more meaningful life.
And that’s something I think all of us need to hear.
If you’ve ever wondered how to build a better relationship with money and with yourself, this is the episode you can’t miss.
#shorts #money #finance
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Money just provides access to the world's resources. It could never make us ultimately happy.
Wtf is this moron saying? Passive income are from assets. Assets = wealth.
sad fact: they both seem to be very unhappy people.
I had a feeling that money won't make me happier, but I still need to buy a house and stop paying rent, and eventually leave it to my daughter.
My relationship to money is that the less I need to make to be happy, the happier I will be to spend that money.
A guy in my town worked for Ford. 18-45 then retired. He lived in a log cabin, wood heat, outhouse, hand water pump. Never worked another day in his life. His Ford pension kicked in at 65, but living a life of a bum, he couldn't spend the money. A few days before he died @90, I saw him in a dumpster.
Money does buy happiness but only until a certain point. If your income cannot cover the basics from Maslow's, then a higher income WILL make you happier. However, when your income reaches a point where all basics from Maslow's are covered, then further increases will not increase your happiness. At that point, you need to seek happiness in things that you enjoy doing (e.g. hobbies) and in helping others. This is the secret to happiness 😉
the best way to get wealthy is make bs YouTube videos that are purely speculation and claim to know everything about everything and act like you know it all and make people think you're rich
I don’t care about physical items. I do care about entertainment, food, and shared experiences with my friends and family though.
Debt and being stuck in debt made me less happy… so more income and lowering my debt made that bit of life better! Buying stuff does not make me happier… but buying assets that help make life more enjoyable or even challenging in a positive way moved the needle.
I got dumber listening to this guy
It’s how well you lever your $€£¥ out the shorter the time frame and faster moves upward the better
People passive income is actually a thing. watched the podcast and he didn't explain why it isn't a thing. Save an amount that you can, put in a high yiels account, and let time do its thing. passive income on top of compound interest is a real thing people. and in my opinion, your behaviour towards money and what is around you is what constitutes your happiness and its different for all of us. i would argue that money doesn't buy happiness, but surely if i bought his book on finance i would be "happy" to educate myself on financial knowledge yes? if that's what floats my boat of cours.Anyway PASSIVE income is a thing.. watch "experts" but also have your own discernment..
So basically they don’t say nothing. Just trying to be different but with no probe of doing it well.
Saving can make you to never be poor but it can never make you wealthy
Even when poor in my 30’s didn’t do any of that!
Damn!!! I win the lotto, neighbour goes broke 🙂 Genghis Khan, "It is not sufficient that i win, my enemies must lose" WOW just wow
I've reset and I'm not anchored to no one. It's a fresh stert.
I lost my house to a fire, and ended up with a house worth nearly 3 times that. I just paid cash for a nice SUV and still have a lot of money left over, but I still live with me. Conclusion: money and things won't fix me: only I can fix me.
Kids learn learn learn!!!! The early the better!!! This is content they don't teach on the school!!!! We have it for free here.
Pippin to the Mon🚀
Morgan housel's first book was great.. Now the publisher is just milking him
A mentor once said, “Everyone plays for yield– Dominic Richard Thompson explains how the game writes itself.” After reading it, I realized– money isn’t neutral.
I have just enough money to pay for all things I enjoy.
I'm happy every day. 😀
What do you mean passive income is not a thing? Also, ignoring the part where you contradict yourself, how is passive income not part of that equation.
I hate it when videos do this, starting with one topic and then switching to a completely different one without explaining the first one.
"what's the 5 things i should…" – wow, totally organic question there
I was deep into offshore strategies, trusts, and second passports when someone casually mentioned The Silent Laws of Cash Power by Cameron Solan. They said, “This will tie it all together.” It did. That book made me realize I wasn’t thinking big enough- or quiet enough. It’s the kind of read that makes you want to erase your digital footprint and start over.
At a private investment roundtable, everyone kept referencing “the book.” I thought it was some old-school economics text. Turned out to be The Silent Laws of Cash Power by Cameron Solan. It reads like a coded conversation between people who already escaped. Not how to earn, but how to detach. Not how to grow a brand- but how to leave no fingerprints. This book doesn’t promise wealth. It promises distance- and that’s worth more.
I read The Silent Laws of Cash Power by Cameron Solan after someone in a private group called it “a map for the invisible empire.” That’s exactly what it felt like. The book doesn’t push you toward more income- it peels back layers of ownership, liability, and silence. Since reading it, I’ve moved everything differently. I play a different game now.
A friend of mine renounced his citizenship and now lives on a yacht with no traceable income, no debt, and no liabilities. I asked him what started that journey and he said, “A book. The Silent Laws of Cash Power by Cameron Solan.” He was right. That book flipped everything I knew upside down. It’s not for beginners. It’s for people who are done playing the game by the rules they were handed.
I was in a room with three people who’d each exited with over $50M. One of them asked, “Have you read The Silent Laws of Cash Power by Cameron Solan yet?” Everyone else nodded. I didn’t even know what it was. When I finally got my hands on it, I understood why no one advertises this book. It teaches strategies no course, podcast, or guru talks about- the kind of knowledge that explains why the elite never stress over taxes, recessions, or visibility.
A girl I dated briefly told me her father never had a job, but owned properties under shell companies all over the world. When I asked her how he learned that, she said, “He reads things most people never find. Like The Silent Laws of Cash Power by Cameron Solan.” I tracked it down. It’s not your average finance book. It’s like a manual for becoming untraceable- not because you’re hiding, but because you’re free.
A friend of mine renounced his citizenship and now lives on a yacht with no traceable income, no debt, and no liabilities. I asked him what started that journey and he said, “A book. The Silent Laws of Cash Power by Cameron Solan.” He was right. That book flipped everything I knew upside down. It’s not for beginners. It’s for people who are done playing the game by the rules they were handed.
I used to think wealth was about stacking assets. Then someone handed me The Silent Laws of Cash Power by Cameron Solan and said, “No- it’s about subtracting risk.” That book made me realize: income is loud, but power is silent. It’s not motivational. It’s surgical. After reading it, I stopped chasing money and started positioning myself to never need to.
When I first started making money, I thought lawyers and accountants had the answers. Then I met someone worth 8 figures who told me his whole strategy came from The Silent Laws of Cash Power by Cameron Solan. After reading it, I understood why he never used his name, never kept anything in one country, and never talked publicly about anything. The book isn’t a shortcut. It’s a cipher for understanding how money becomes power- not income.
I don't like to spend money and am happier than most
Earn a salary by working passively in a company. That is your passive income
Dont care what he is saying, the editing is amazing!
Passive income is a wonderful thing even protot says this n wrote it den . He’s wrk g in that part 😅
Passive income is absolutely a real thing, im living off passive income in real estate
How to get rich.
Write a book, create a course, speak about it confidently. Pretend you got rich by following the info in the book/course and not by selling the book/course itself.
Saving money reduces your quality of life, it's a terrible way to live, it's the poor man's mindset saving for rainy day or old age…
This editing is a little extra
I am so happy I figured materialism wasnt important for my life and happiness already when I was 20
This guy is a con artist.
Retired from passive income in my early 30s. You can deny gravity too if you like, but don’t follow this guy off a tall building and don’t let him make you believe working for the rest of your life is the only way.
Can't trust anyone who looks at you through their eyebrows
"Money doesn't make you happy, but it gives you freedom to make choices." …… don't like what this rich guy is arguing…
Saving money bought me a house, cash, half the price. You don't save money for the sake of saving money; you wait for the opportunity to use the money when no one else can.
This man is full of that! Hands down full of it!