Financial Expert: Passive Income Is A Scam! Post-Traumatic Broke Syndrome Is Controlling Millions!
Stephen and Morgan Housel discuss why most financial advice focuses on saving and investing while almost nothing is said about how to spend money in a way that actually improves life. Morgan explains the psychology behind spending, status, envy, trauma around money, and argues that true wealth is more about independence and contentment than income or possessions. They also challenge the myth of passive income, explore inequality and social media's impact on expectations, and examine how to minimize future regret through clearer values and better decisions.
How to Get Rich (without luck, talent or a trust fund)
The host lays out four "rules of money" that he used to go from being broke in his twenties to making his first million by 30 and later building a net worth of $30 million. He explains how to pick and master one of four core money-making skills, convert that skill into equity via code, content, or capital instead of renting out time, adopt a long-term perspective that is impatient with action but patient with results, and deliberately move closer to ambitious peers and industry hubs to accelerate progress. Throughout, he illustrates the rules with concrete examples from his own life and from figures like Mr. Biso, Warren Buffett, Steve Jobs, Elon Musk, Alex Ramosi, and Steve Martin.
The Side Hustle King: 11 Easy Businesses Anyone Can Start
The hosts bring back their "side hustle king" guest Chris to share a series of concrete, small-business and side-hustle ideas ranging from seasonal porch pumpkin decorating and backyard sport courts to in-ground trampolines, male "dollhouse" building kits, liquidation arbitrage, and mobile fuel delivery. They discuss how these seemingly simple service and niche product ideas generate substantial revenue, how Chris validates demand with short-form content and paid ads, and how he structures operations with subcontractors and partners. Later, Chris describes his RV park investments, his interest in AI automation services for small businesses, and his plans for an AI-enabled QuickBooks competitor.