The Savings Expert: “Do Not Buy A House!”, How To Turn £100 Into £1.5m Without Effort: Morgan Housel

If you're buying a house because you Don't do it. Run for your life. Mr. Morgan House. He's the author of The Psychology of Money. One of the best-selling business books of this decade. He can help anyone build wealth and change their life. The world is split between people who don't know how to start making money and people who don't know when to stop making money. And if you are stuck in a low income job, you feel like you don't have the opportunity to generate wealth. But once you realize that opportunities are available for everybody, you can choose where you want to live, what job you want. when you retire because you can be rich. Prove it. People like Ronald Reed, he was a janitor. What does it take to amass Mr. Reed's$8 million fortune? He's a fascinating story of somebody who became rich despite not having the skills that you normally associated with wealthy people. Then there's Warren Buffett, who's worth$100 billion. But the real secret to their success, investing. My parents are a great example of this. We were very poor, no financial background. And they have like minimal financial.

financial interest, but now they'd probably be in the top three percent of professional investors. If you want to do well with money, you don't need to be a genius. If you have endurance in your investing, you're gonna be filthy rich. But when most people say, I wanna be a millionaire, What they actually mean is I want to spend a million dollars. I want some nice clothes, a bigger house, the nicer car. Ask yourself, what is your relationship with money? If your expectations rise faster than your income, you're never gonna be happy with your money. That's the problem. So if I have a hundred pounds, what's the first thing that I should do? I keep it as painfully simple as I can. So Ladies and gentlemen, you're about to meet the man whose book changed my entire life as it relates to money and finance. About

Four or five years ago, my brother, who's a investment banker, said, Steve, there's one book I need you to read about wealth, investing, and money and finance. And he passed me a book called The Psychology of Money. That book changed my fortunes. It is the reason I've been a successful investor and it's the reason I've been able to hold on to my wealth and build it. It's this man. And that's the reason why you need to stay tuned and listen to this episode.

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