My Free Marketing Newsletter

Cash Is King: Morgan Housel’s Surprising Financial Strategy

Today weโ€™re talking with journalist and author Morgan Housel, his book The Psychology of Money is one of my all-time favorites. His message is straightforward, preparation beats trying to predict the market every time.

Morgan Housel is an award-winning writer and partner at The Collaborative Fund and a former Wall Street Journal columnist. His wealth of experience and insights into the world of finance and economics make for a fascinating discussion.

๐Ÿ“š Become part of the pre-launch team for my new book! Email book@okdork.com to join

It was great to hear how much we’re on the same wavelength when it comes to our views on risk aversion in personal finance. Morgan firmly believes in a patient and sustainable approach, steering clear of the allure of quick riches. While it might seem less flashy on paper, itโ€™s important to understand that long-term stability and financial resilience should be our ultimate goal.ย 

In this episode, youโ€™ll enjoy 3 BIG things:

  1. Predictions vs. Preparation: We explore how news stories can impact the economy and why economic forecasts often fall short. Morgan makes a compelling case for focusing on preparation rather than following predictions.

  2. Financial Resilience: Morgan provides valuable insights on maintaining financial resilience, including minimal debt, a significant cash reserve, and a portfolio of long-term assets built to endure surprises.

  3. Innovation in Challenging Times: Explore the correlation between innovation and challenging times, particularly during economic depressions. Morgan elaborates on the rapid progress of solutions in such circumstances.

This episode was recorded last year, and since then Morgan has a new book coming out November 7th –ย  โ€˜Same as Everโ€™ heโ€™ll also be coming back on the show in the next few weeks to talk about it, but in the meantime go back and check out a YouTube video we made about โ€˜The Psychology of Moneyโ€™. Also, check the episode we did with Financial Samurai Sam Dogen.

And if you enjoy listening to the podcast, I would appreciate it if you left a review on Apple Podcasts to help more people learn about it. I might shout you out in the next episode!

You can go check Morgan out at @morganhousel on Twitter and morganhousel on Instagram.

Check Out:

๐ŸŒฎ Wanna save money on software? Of course you do!! Find what you need on AppSumo

โœ‰๏ธ Sign up to my newsletter (I reply to emails)

๐Ÿ‘‰ Need help getting started with your own business? Sign up at OkDork.com/Monthly1K

๐Ÿ“… Our scheduling tool โ€”TidyCal. The New Mutual Availability beta feature is out now!

Free Weekly Marketing Newsletter

Join 100k+ subscribers to the Free Weekly Marketing Newsletter for insider tips, cutting-edge strategies, and personal tool recommendations.
Taco icon
Arrow down
All tactics. No fluff. Action Takers Only ๐Ÿš€

Leave a Reply

Your email address will not be published. Required fields are marked *

Free Weekly
Marketing Newsletter

Join 100k+ subscribers to the Free Weekly Marketing Newsletter for insider tips, cutting-edge strategies, and personal tool recommendations.
Arrow right
Arrow down
All tactics. No fluff. Action Takers Only ๐Ÿš€