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Morgan Housel is a writer and investor.\nIt doesn't matter if you earn \xa310m a year, if you spend \xa311m then you're not creating any wealth. How can people who are so rich be so stupid with money? Cue Morgan, the no-BS finance guy.\nExpect to learn Morgan's golden rule of becoming wealthy, why luck & risk are the same thing, why buying a Ferrari is often a terrible idea, what the stock market was thinking in 2020, whether we'll have a mud wrestling match and much more...\nSponsor:\nGet 20% discount on Reebok\u2019s entire range including the amazing Nano X at https://www.reebok.co.uk (use code MW20)\nExtra Stuff:\nBuy The Psychology Of Money - https://amzn.to/2xAHWXD\nFollow Morgan on Twitter - https://twitter.com/morganhousel\nGet my free Ultimate Life Hacks List to 10x your daily productivity \u2192 https://chriswillx.com/lifehacks/\nTo support me on Patreon (thank you): https://www.patreon.com/modernwisdom\n-\nGet in touch.\xa0Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me...\nInstagram:\xa0https://www.instagram.com/chriswillx\nTwitter:\xa0https://www.twitter.com/chriswillx\nYouTube:\xa0https://www.youtube.com/ModernWisdomPodcast\nEmail: https://www.chriswillx.com/contact\xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices