The Savings Expert: They're Lying To You About Buying A House! Tariffs Are About To Skyrocket Cost Of Living! Here's The Truth About America Collapsing!

How important is this tariff situation? It has the potential to be the biggest economic story of our lives. People are losing a lot of money on tariffs, and you're probably a matter of weeks away from empty shelves. And there's a button on the president's desk that says end it right now. So can you tell me what a tariff is? I'll keep this very simple. Morgan Hausel is the money mindset guru who's shaking up everything you think about wealth and how to. I looked at the most Google questions around money, and one of the most popular is how to achieve freedom financially. It is largely a mindset. You have an obligation to understand how money works and how to manage it. And it's one of many topics in which you're gonna learn the best by experiencing the downside. The next question is how to save money. So most people view saving money as it's just wasted sitting there. But you need the cushion so that when the economy goes south and there is a recession, I wanna have a level of control over my ability to support my family. So how much money do you think it's sensible to have saved? This is a bad answer that no one's gonna like, but When you look at all these people through history that have generated great wealth, are there like certain strategies they deploy? One thing that virtually everyone listening to this can learn from is they were way more patient and had way more endurance than anyone else. Well say I wanted to understand investing and this idea of compounding interest. So compound interest is the most misunderstood thing about investing because that's what builds wealth. If you look at like Warren Buffett, He wouldn't want to get haircuts because if he invested that money and leave it alone for fifty years, in his mind a haircut would cost ten thousand dollars. And then do you recommend people try and buy houses or is it just to rent those houses? So the truth is

I find it incredibly fascinating that when we look at the back end of Spotify and Apple and our audio channels, the majority of people that watch this podcast haven't yet hit the follow button or the subscribe button. Wherever you're listening to this, I would like to make a deal with you. If you could do me a huge favor and hit that subscribe button, I will work tirelessly from now until forever to make the show Better and better and better and better. I can't tell you how much it helps when you hit that subscribe button. The show gets bigger, which means we can expand the production, bring in all the guests you want to see, and continue to do in this thing we love. If you could do me that small favor and hit the follow button, wherever you're listening to this, that would mean the world to me. That is the only favour I will ever ask you. Thank you so much for your time. In twenty twenty, my older brother Jason came to me. after spending more than a decade working in the finance industry

And he said to me, Stephen There is one book. You need to read. To understand Money.

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