logo
episode-header-image
Oct 2023
18m 28s

A Few Laws of Getting Rich

Morgan Housel
About this episode

Measuring wealth is easy. You just count it up. Measuring some of the downsides of wealth is so much harder and more nuanced. They can be so nuanced and hard to measure that many people won’t even believe they exist. A downside to wealth? How could that possibly be? 

Let me propose that the absurdity of talking about the downside of wealth is part of why wealth doesn’t tend to make people as happy as they thought it would. 

When the benefits of money are so obvious but the downsides are so subtle, the downsides you didn’t anticipate can be more jarring than the benefits you expected. 

I want more money, of course. Almost everyone does, albeit for different reasons. 

This is not an anti-wealth list -- just a collection of subtle downsides that are easy to ignore, and so common you may as well call them the only true laws of getting rich.

Up next
Aug 15
Investing: The Greatest Show on Earth
Thanks to my friends at Public.comAll investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investi ... Show More
12m 14s
Aug 7
What AI Might Do To The Future of Work
Thanks to my friends at Public.com and their podcast The Rundown -- ⁠click here for more.⁠ 
18m 58s
Jul 29
Very Bad Advice (And a Word on My New Book)
Thanks to my friends at Public.com and their podcast The Rundown -- click here for more. 
21m 19s
Recommended Episodes
Jan 2017
What Rich Really Means
I've spent 20+ years advising billionaires, celebrated CEOs and other titans of industry on how to multiply their income, lift their influence + unleash their highest impact. Here's one of the strange paradoxes I've observed: A number of them are super-wealthy but very poor. --th ... Show More
8m 45s
Dec 2020
What is Real Wealth?
I’ve spent 25 years advising billionaires, celebrated CEOs and other titans of industry on how to multiply their income, lift their influence + unleash their highest impact. Here’s one of the strange paradoxes I’ve observed:  a number of them are super-wealthy but very poor. ...t ... Show More
3m 11s
Oct 2023
It’s Hard to Be Rich and Live a Simple Life
A lot of people say they want to get rich, but most of the time, these people are full of it. Being rich is a lot harder than it seems—a rich person’s life gets much more complicated once they become rich. More houses, cars, bank accounts, greater investments, and rising taxes… i ... Show More
12m 6s
Jul 2021
Can we make the super-rich pay more tax?
Rich people are often able to pay little or no tax compared to their wealth because of the way the system works. In recent years, many have called for changes and reforms so that instead of income, wealth is also taxed. But, wealth taxes are not a new thing. Many argue that they ... Show More
23m 32s
Apr 2023
The Most Critical Skill For Building Wealth
Does being good at what you do will get you paid big enough to be wealthy? Why do some people who are the best in their fields still struggling to earn income generating wealth? Find out the key factors that maybe missing in your wealth building journey in this episode of the Dan ... Show More
3m 53s
Jul 2022
The Minimum Net Worth You Need To Feel Wealthy
Here is a logical and smart way to determine your financial satisfication and happiness. The Financial Samurai Wealth Reality Ratio will also determine whether you are reasonable or delusional in your wealth accumulation goals. The ratio will also help you determine how big of a ... Show More
17m 29s
Jun 2024
Wealth and Money Are Two Different Things
I wanted to be rich so bad for my entire life. In high school, I watched Wall Street with Michael Douglas and Charlie Sheen. It was supposed to be a cautionary tale but I saw it as inspiration. I wanted to be Gordon Gecko, the crazy high risk Wall Street trader. When I was 17, I ... Show More
10m 17s
Dec 2015
The Greed Of The Poor
Poor people with a poor mindset have convinced themselves that the rich get that way by being greedy. The truth is that the most successful and wealthy people on earth got there by having a generous spirit. This week we’ll talk with Josh and Lisa Lannon (The Social Capitalist) ab ... Show More
46m 40s
Feb 2024
Investments That Changed My Life ✨
What does true wealth mean to you? 
8m 21s