About this episode
He’s redefined how millions think about money. But what Morgan Housel says about paychecks, wealth, and regret will completely flip your idea of what it means to be “rich.” In part 2 of The Burnouts interview, Morgan Housel joins Sophia Kianni and Phoebe Gates for a conversation that unpacks the biggest money myths we’ve been sold—from why chasing a high salary will never make you wealthy to how the American Dream became a lie our generation can’t afford. They go deep on: The psychology of feeling broke even when you’re not Why wealth is built with ownership, not income What 90-year-olds wish they did differently with money How gender impacts the way we’re taught to think about risk, equity, and ambition And the real reason no amount of money ever feels like enough Also: MrBeast vs. the media industry, what kids actually learn about money, and why comparing yourself to others is the fastest path to lifelong financial anxiety. This is the part they don’t teach in school—and the stuff most financial “experts” get wrong. 💸✨ USE CODE "BURNOUTS15" FOR 15% OFF THE LIMITED-EDITION PHLUR X THE BURNOUTS CANDLE ✨💸 CHAPTERS 00:00 – Why most people will never feel rich 3:40 – Social media, comparison, and financial anxiety 7:15 – What 1,000 elderly people regret about money 11:10 – The American Dream is changing—fast 15:00 – College, homeownership, and economic reality 19:30 – Why you won’t get rich from a paycheck 23:45 – The power of equity (especially for women) 27:20 – Risk, regret, and knowing when to bet on yourself 32:00 – Teaching kids about money (without lectures) 36:40 – Are we wired to be bad with money? 40:00 – Why no one tells you this about success 🔗 FOLLOW US Phoebe Gates Sophia Kianni Morgan Housel 🔥 FOLLOW THE BURNOUTS Instagram TikTok LinkedIn Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.