Why rich families stay rich? | Author of Psychology of Money shares wealth secrets | Morgan Housel
Most people spend their lives building wealth, but a very few know how to keep it. In Ep03 The Tetr Podcast, @Morgan-Housel, bestselling author of Psychology of Money and one of the world's most trusted voices on wealth, sits down with Pratham Mittal, founder of @tetrcollege , for a conversation about money, wealth, and what separates the people who build generational wealth from the ones who lose it all. From why a humble secretary financially outperformed a Harvard-educated executive, to why the Vanderbilts lost everything today, this episode doesn't just change how you see money. It changes the psychology, behaviour and beliefs behind every financial decision you'll ever make. Chapters 00:00 — Introduction: Morgan Housel & Psychology of Money 01:24 — Why 20 publishers Rejected Psychology of Money 06:34 — How a Secretary outperformed A Harvard Executive 08:38 — Why the World's Richest Family Lost Everything 14:45 — The $8 Billion Family Nobody Has Ever Heard Of 17:09 — Here's why Warren Buffett made 99% of his wealth after 60? 19:56 — Why Marwari & Gujarati communities build generational wealth 22:43 — Your childhood may shapes every financial decision you make 24:48 — Happiness vs Contentment: What're you chasing? 30:44 — How social media is destroying your financial decisions 38:05 — This is why Gen Z takes more financial risks? 39:24 — Is a $300K College degree worth it anymore? 44:18 — Harvard doesn't make you successful 58:17 — Gen Z doesn't want homes because they can't afford them 01:01:13 — Job vs Startup: The question everyone gets wrong 01:07:35 — Is employment as a concept about to disappear? 01:12:03 — The one skill MBA schools should be teaching but don't 01:32:27 — What to NOT learn from Elon Musk, Bezos & Bill Gates 01:38:29 — Morgan Housel's message to every student under 25 watching this #tetrcollegeofbusiness #learnbydoing #studentfounders ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Apply Now: link.tetr.com/Youtube For more details, check out ⬇️ Website: https://tetr.com LinkedIn: / tetr-college-of-business Instagram: / tetr.college Twitter: https://x.com/tetrcollege
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