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!

Is buying a house the biggest financial mistake you could make right now, and will the next Great Depression hit even harder? Morgan Housel reveals the real story.



Morgan Housel, partner at Collaborative Fund and bestselling author of ‘The Psychology of Money’ and ‘Same As Ever’, is one of the world’s top experts on financial psychology, economic collapse warnings, and building true financial freedom. His life-changing insights have transformed how millions approach money, investing, and wealth-building.



He explains:



Why America’s economy could be quietly collapsing




How devastating tariffs could trigger another Great Depression




Why robots are replacing the middle class faster than ever




The hidden $30 trillion debt threatening the future of the US




Why buying a home right now could be a financial trap




How to build true financial freedom even during turbulent times




00:00 Intro02:10 Timeless Lessons of Greed, Wealth, and Happiness04:51 The Current Tariff Situation in 202507:05 What Are Tariffs?11:51 Trump's True Reason for the Tariffs18:24 Why Is China the Factory of the World?20:35 China Stopped Being a Cheap Labour Country23:04 What's the Impact of the Tariffs?25:07 America's Trust26:42 Are We Heading for a Recession?29:30 The Importance of Backups During a Recession30:48 How to Be Financially Free in 202535:59 The Evolutionary Desire to Show Off — Status40:42 Salary Differences43:09 We Have a Distorted View of Financial Wealth44:28 Advice for the Economic Crisis45:55 How Much Money Do You Need Saved?46:56 The Impact of AI in Our Wealth Building56:22 The Skills You'll Need in the AI Era57:56 How to Have a Money Mindset01:00:56 Why People Get Stuck in Crypto Scams01:03:34 Women vs. Men: Who's Better at Saving and Taking Risks?01:06:15 Crypto01:07:23 What History Tells Us About New Technologies, Wealth, and Failure01:08:51 Could the Crypto Security System Be Broken?01:10:21 The Strategies Wealthy People Use01:11:55 Intelligence vs. Endurance01:13:28 Why Is Perseverance Key?01:15:12 The Best Way to Have a Big Investment Return01:17:01 The Power of Compounding in Your Savings01:22:06 How Money and Psychology Are Linked01:27:03 You Need to Change Your View on Savings01:31:10 Biggest Regrets of People on Their Deathbeds01:37:20 The Most Asked Questions About Finances01:41:17 Where Are Your Investments Allocated?01:42:03 Vanguard Index Fund01:49:54 Where to Invest Spare Cash?01:56:24 The Dangers of Retiring02:03:31 How to Live a Happy Life



You can follow Morgan, here:

Twitter - https://bit.ly/3RzBBSc

Website - https://bit.ly/42LM4PD

Instagram - https://bit.ly/449vnQp



You can pre-order Morgan’s books, The Art of Spending Money: Simple Choices for a Richer Life, here: https://amzn.to/3GmHRu4 (US) / https://amzn.to/3EEy5mE (UK)



You can find out more about the books mentioned, here:

‘The Intelligent Investor’, Benjamin Graham: https://amzn.to/4iwqHHW



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The Diary of a CEO with Steven Bartlett is a podcast hosted by Steven Bartlett, the CEO of the social media management company, Social Chain. The podcast features Bartlett's reflections on his experiences as a CEO, as well as interviews with other business leaders and entrepreneurs. The show provides insights into the challenges and opportunities of running a successful business, as well as the personal journeys of its guests. The Diary of a CEO is known for its honest and candid discussions on the realities of being a CEO, and is aimed at helping listeners understand the inner workings of successful businesses.

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I was a broke, university dropout, at 18 I built an industry leading social media marketing company, and at 27 I resigned as CEO. At 28 I co-founded Flight Story – a marketing and communications company, and thirdweb - a software platform, making it easy to build web3 applications. I then launched private equity fund, Flight Fund, to accelerate the next generation of European unicorns. During this time I decided to launch 'The Diary Of A CEO' podcast with the simple mission of providing an unfiltered journey into the remarkable stories and untold dimensions of the world’s most influential people, experts and thinkers.

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• No. of episodes: 666
• Latest episode: 2025-05-08
• Business Society & Culture

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