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 Intro 02:10 Timeless Lessons of Greed, Wealth, and Happiness 04:51 The Current Tariff Situation in 2025 07:05 What Are Tariffs? 11:51 Trump's True Reason for the Tariffs 18:24 Why Is China the Factory of the World? 20:35 China Stopped Being a Cheap Labour Country 23:04 What's the Impact of the Tariffs? 25:07 America's Trust 26:42 Are We Heading for a Recession? 29:30 The Importance of Backups During a Recession 30:48 How to Be Financially Free in 2025 35:59 The Evolutionary Desire to Show Off — Status 40:42 Salary Differences 43:09 We Have a Distorted View of Financial Wealth 44:28 Advice for the Economic Crisis 45:55 How Much Money Do You Need Saved? 46:56 The Impact of AI in Our Wealth Building 56:22 The Skills You'll Need in the AI Era 57:56 How to Have a Money Mindset 01:00:56 Why People Get Stuck in Crypto Scams 01:03:34 Women vs. Men: Who's Better at Saving and Taking Risks? 01:06:15 Crypto 01:07:23 What History Tells Us About New Technologies, Wealth, and Failure 01:08:51 Could the Crypto Security System Be Broken? 01:10:21 The Strategies Wealthy People Use 01:11:55 Intelligence vs. Endurance 01:13:28 Why Is Perseverance Key? 01:15:12 The Best Way to Have a Big Investment Return 01:17:01 The Power of Compounding in Your Savings 01:22:06 How Money and Psychology Are Linked 01:27:03 You Need to Change Your View on Savings 01:31:10 Biggest Regrets of People on Their Deathbeds 01:37:20 The Most Asked Questions About Finances 01:41:17 Where Are Your Investments Allocated? 01:42:03 Vanguard Index Fund 01:49:54 Where to Invest Spare Cash? 01:56:24 The Dangers of Retiring 02:03:31 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 The 1% Diary is back – limited time only: https://bit.ly/1-Diary-Megaphone-ad-r… The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb Get email updates: https://bit.ly/diary-of-a-ceo-yt Think like a CEO – join the 100 CEOs newsletter: https://bit.ly/100-ceos-newsletter Follow Steven: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Get your hands on the Diary Of A CEO Conversation Cards here: https://bit.ly/conversationcards-mp Perfect Ted - https://www.perfectted.com with code DIARY40 for 40% off Learn more about your ad choices. Visit megaphone.fm/adchoices