Uploaded June 2026 | Updated September 2026, 2 weeks ago
Episode #1292
Baselane: Automate your rental cash flow for a chance to win $10K plus BiggerPockets Pro members get a free upgrade to Baselane Smart. Sign up now :
baselane.com/bp
*Morgan Housel,* best-selling author of _The Psychology of Money Same as Ever, and The Art of Spending Money_ , *has a “system” for building wealth* that seems too simple, too easy to be true—but is. Most Americans think getting wealthy is only for those willing to work 100+ hour weeks, build a business from scratch, inherit millions, or get a high-paying six-figure job.
That’s not the case. *The average American can get wealthy—you just need to follow this “good enough” system.*
Morgan spent the early part of his career covering lessons from the fallout of the 2008 Great Financial Crisis. Economics couldn’t make sense of it, and what he found was that psychology could. *Knowing how to win the money game* puts you in the player’s seat, instead of watching from the sidelines. And today, *Morgan shares the biggest lessons to get in the game.*
From the *simple “system” both he and Dave use to build wealth* to the #1 skill of a wealthy investor, when you should spend more money, and why merely *working harder isn’t going to get you what you want.* Morgan even shares his strong opinion on the #1 thing wrong with the housing market today—and how we could actually fix it.
🎉Join Morgan at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: biggerpockets.com/bpcon2026
Episode Show Notes:
lnk.to/biggerpocketsYT
Join BiggerPockets for FREE 👇
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Let Us Know What You Thought of the Show!
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Grab _The Psychology of Money_ :
store.biggerpockets.com/products/psychology-of-money?utm_source=youtube&utm_medium=description&utm_campaign=none
Sign Up for the Investor Brief Newsletter:
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Find an Investor-Friendly Agent in Your Area:
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Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich:
biggerpockets.com/blog/money-510?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Morgan:
morganhousel.com
Connect with Dave:
biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Baselane is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC.
NO PURCH. NEC. Open to legal residents of 50 US/DC, 18+ & are landlords/real estate investors. Void where prohibited. Ends 9/30/26. Subject to Rules/free entry method: baselane.com/10K-terms
0:00 Intro
1:22 The Psychology of 2008
4:37 Stop Following Someone Else’s Plan
8:54 The “System” of Wealth
11:27 Sponsor: Baselane!
12:30 This Leads to Financial Success
18:26 Build Wealth with LESS Stress
22:05 Spend BEFORE It’s Too Late
24:11 DON’T Retire Early?
28:32 Working More ISN’T Smarter
31:25 How Much Should You Make?
34:44 How Much is “Enough”?
38:56 We NEED More Houses!
43:07 See Morgan at BPCON!
Episode #1292
Baselane: Automate your rental cash flow for a chance to win $10K plus BiggerPockets Pro members get a free upgrade to Baselane Smart. Sign up now :
baselane.com/bp
*Morgan Housel,* best-selling author of _The Psychology of Money Same as Ever, and The Art of Spending Money_ , *has a “system” for building wealth* that seems too simple, too easy to be true—but is. Most Americans think getting wealthy is only for those willing to work 100+ hour weeks, build a business from scratch, inherit millions, or get a high-paying six-figure job.
That’s not the case. *The average American can get wealthy—you just need to follow this “good enough” system.*
Morgan spent the early part of his career covering lessons from the fallout of the 2008 Great Financial Crisis. Economics couldn’t make sense of it, and what he found was that psychology could. *Knowing how to win the money game* puts you in the player’s seat, instead of watching from the sidelines. And today, *Morgan shares the biggest lessons to get in the game.*
From the *simple “system” both he and Dave use to build wealth* to the #1 skill of a wealthy investor, when you should spend more money, and why merely *working harder isn’t going to get you what you want.* Morgan even shares his strong opinion on the #1 thing wrong with the housing market today—and how we could actually fix it.
🎉Join Morgan at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: biggerpockets.com/bpcon2026
Episode Show Notes:
lnk.to/biggerpocketsYT
Join BiggerPockets for FREE 👇
biggerpockets.com/signup?utm_source=owned_media
Let Us Know What You Thought of the Show!
BiggerPockets.com/Podcastfeedback
Grab _The Psychology of Money_ :
store.biggerpockets.com/products/psychology-of-money?utm_source=youtube&utm_medium=description&utm_campaign=none
Sign Up for the Investor Brief Newsletter:
biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none
Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich:
biggerpockets.com/blog/money-510?utm_source=youtube&utm_medium=description&utm_campaign=none
Connect with Morgan:
morganhousel.com
Connect with Dave:
biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Baselane is a financial technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC.
NO PURCH. NEC. Open to legal residents of 50 US/DC, 18+ & are landlords/real estate investors. Void where prohibited. Ends 9/30/26. Subject to Rules/free entry method: baselane.com/10K-terms
0:00 Intro
1:22 The Psychology of 2008
4:37 Stop Following Someone Else’s Plan
8:54 The “System” of Wealth
11:27 Sponsor: Baselane!
12:30 This Leads to Financial Success
18:26 Build Wealth with LESS Stress
22:05 Spend BEFORE It’s Too Late
24:11 DON’T Retire Early?
28:32 Working More ISN’T Smarter
31:25 How Much Should You Make?
34:44 How Much is “Enough”?
38:56 We NEED More Houses!
43:07 See Morgan at BPCON!
