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 Intro02:10 Timeless Lessons of Greed, Wealth, and Happiness04:51 The Current Tariff Situation in 202507:05 What Are Tariffs?11:51 Trump's True Reason for the Tariffs18:24 Why Is China the Factory of the World?20:35 China Stopped Being a Cheap Labour Country23:04 What's the Impact of the Tariffs?25:07 America's Trust26:42 Are We Heading for a Recession?29:30 The Importance of Backups During a Recession30:48 How to Be Financially Free in 202535:59 The Evolutionary Desire to Show Off — Status40:42 Salary Differences43:09 We Have a Distorted View of Financial Wealth44:28 Advice for the Economic Crisis45:55 How Much Money Do You Need Saved?46:56 The Impact of AI in Our Wealth Building56:22 The Skills You'll Need in the AI Era57:56 How to Have a Money Mindset01:00:56 Why People Get Stuck in Crypto Scams01:03:34 Women vs. Men: Who's Better at Saving and Taking Risks?01:06:15 Crypto01:07:23 What History Tells Us About New Technologies, Wealth, and Failure01:08:51 Could the Crypto Security System Be Broken?01:10:21 The Strategies Wealthy People Use01:11:55 Intelligence vs. Endurance01:13:28 Why Is Perseverance Key?01:15:12 The Best Way to Have a Big Investment Return01:17:01 The Power of Compounding in Your Savings01:22:06 How Money and Psychology Are Linked01:27:03 You Need to Change Your View on Savings01:31:10 Biggest Regrets of People on Their Deathbeds01:37:20 The Most Asked Questions About Finances01:41:17 Where Are Your Investments Allocated?01:42:03 Vanguard Index Fund01:49:54 Where to Invest Spare Cash?01:56:24 The Dangers of Retiring02:03:31 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-mpPerfect Ted - https://www.perfectted.com with code DIARY40 for 40% off Learn more about your ad choices. Visit megaphone.fm/adchoices

From pain to purpose, Master Shi Heng Yi reveals the ancient mind tricks Shaolin monks use to master themselves and break free. Master Shi Heng Yi is Headmaster of the Shaolin Temple Europe and a spiritual teacher, who shares ancient Eastern philosophy to help people master their mind, body, and purpose in life. He is also the author of the book, ‘Shaolin Spirit: The Way to Self-Mastery’. In this conversation, Master Shi Heng Yi and Steven discuss topics such as, the hidden epidemic nobody is talking about, the modern habit that’s quietly killing millions, why the West is falling, and the real reason you’re always anxious.  00:00 Intro 02:13 What's Your Mission & What Do People Come to You For 05:53 Why Are We Suffering? 07:34 How Do We Find Our Purpose? 13:18 Why People Struggle to Find Their Purpose 15:40 What Do We Need to Be Connected To? 21:26 Identities and the Feeling of Lack 26:56 Letting Go of Your Ideas 29:08 How to Break Old Patterns 34:57 Training New Patterns 35:43 Advice for Young Men 38:43 Why Are Young Men Struggling? 39:45 The 5 Things Holding All Humans Back 42:16 Living in a World Full of Temptations 43:23 Discipline 45:25 Be Aware of Your Trigger Moments 49:01 Bringing Light to the Dark Areas of Your Life 01:07:47 Negative Feelings That Stop You From Growing 01:10:49 How Not to Be Affected by What Others Think of You 01:26:06 Ads 01:26:58 Kung Fu and Waking Up 01:32:20 The Shaolin Virtues 01:33:13 Do You Believe in God? 01:36:02 Are You Happy? 01:37:28 What Are Karmic Connections? 01:38:49 What Is Your Daily Practice? 01:43:38 The Importance of Doing Hard Things 01:48:29 How Master Shi Embraces Growth Daily 01:53:05 First Step to Be Comfortable With Uncertainty 01:57:42 Ads 01:59:54 What Is the RAIN Method? 02:03:46 Your Last Message to Your Son 02:05:01 I Couldn't Grieve My Father's Death 02:11:22 What to Do When Things Are Left Unsaid With Someone Who's Gone 02:14:58 What Does It Mean to Master Oneself? 02:25:10 What Is Your Greatest Regret? Follow Master Shi Heng Yi:  Instagram Shaolin.Online: https://g2ul0.app.link/AifGPompPSb  Instagram Shi Heng Yi: https://g2ul0.app.link/9nNBaGvpPSb  Instagram Shaolin Temple Europe: https://g2ul0.app.link/XjRVrtxpPSb  Shi Heng Yi Website - https://g2ul0.app.link/okadS79yNSb  Shi Heng Yi YouTube - https://g2ul0.app.link/ja5XXWfzNSb You can pre-order Master Shi Heng Yi’s book, ‘Shaolin Spirit: The Way to Self-Mastery’, here: https://g2ul0.app.link/gKQzAX2yNSb  Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes  🚀 The 1% Diary is back - and it won’t be around for long, so act fast! https://bit.ly/1-Diary-Megaphone-ad-reads You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb  Sign up to receive email updates about Diary Of A CEO here: https://bit.ly/diary-of-a-ceo-yt  Ready to think like a CEO? Gain access to the 100 CEOs newsletter here: https://bit.ly/100-ceos-newsletter  Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Linkedin Jobs - https://www.linkedin.com/doac Perfect Ted - https://www.perfectted.com with code DIARY40 for 40% off Vivobarefoot - https://vivobarefoot.com/DOAC with code DIARY20 for 20% off Learn more about your ad choices. Visit megaphone.fm/adchoices