Caught in the seemingly endless cycle of the rat race? Feel like your financial future is on shaky ground? If so, part one of our two-part series with Morgan Housel is an absolute must-listen.\nWe kick off our conversation by diving into the depths of the wealth creation process. It's not about outsmarting others; it's about avoiding common financial pitfalls.\nI'm excited to have Morgan Housel, a renowned author and financial behaviorist, join us for this insightful discussion. Known for his unique perspectives on personal finance and wealth creation, and his bestselling book, "The Psychology of Money," Morgan will share a simple yet potent formula for building wealth and overcoming financial insecurity.\nThis episode is more than just a guide to wealth accumulation; it's about understanding your desires, abilities, and risk tolerance - crucial components of Housel's wealth creation strategy. He simplifies the often complex world of compounding interest with easily understandable principles.\nCheck out Morgan\u2019s latest book, Same As Ever, A Guide to What Never Changes: https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/0593332709\xa0\n\nFollow Morgan Housel\nWebsite: https://www.morganhousel.com/\xa0\nTwitter: https://twitter.com/morganhousel\xa0\nInstagram:https://www.instagram.com/morganhousel/\xa0\nPodcast: https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669\xa0\n\nFollow Tom Bilyeu:\xa0\nWebsite: https://impacttheoryuniversity.com/\xa0\nTwitter: https://twitter.com/TomBilyeu\xa0\nInstagram: https://www.instagram.com/tombilyeu/\xa0\n\nSPONSORS:\nGet 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://bit.ly/AG1Impact.\nRight now, Kajabi is offering a 30-day free trial to start your own business if you go to https://bit.ly/Kajabi-Impact.\nHead to www.insidetracker.com and use code \u201cIMPACTTHEORY\u201d to get 20% off!\nLearn a new language and get 55% off at https://bit.ly/BabbelImpact.\nTry NordVPN risk-free with a 30-day money-back guarantee by going to https://bit.ly/NordVPNImpact\nGive online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self.\nGo to https://bit.ly/PlungeImpact and use code IMPACT to get $150 off your incredible cold plunge tub today.\n***Are You Ready for EXTRA Impact?***\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\n\n* New episodes delivered ad-free\n* Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n* Exclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n* You\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n*Legendary Mindset: Mindset & Self-Improvement\n*Money Mindset: Business & Finance\n*Relationship Theory: Relationships\n*Health Theory: Mental & Physical Health\n*Power Ups: Weekly Doses of Short Motivational Quotes\xa0\n\n*****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz*****\n\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\nLearn more about your ad choices. Visit megaphone.fm/adchoices