Morgan Housel: How tariffs reshape your cost of living

ℹ️ EPISODE INFO

Released

April 28, 2025

Duration

2h 14m

Channel

The Diary of a CEO

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Morgan Housel, is a tariff expert, investor 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. 00:00 Intro 02:00 Timeless Lessons of Greed, Wealth, and Happiness 04:40 The Current Tariff Situation in 2025 06:54 What Are Tariffs? 11:41 Trump's True Reason for the Tariffs 18:13 Why Is China the Factory of the World? 20:25 China Stopped Being a Cheap Labour Country 22:54 What's the Impact of the Tariffs? 24:57 America's Trust 26:32 Are We Heading for a Recession? 29:20 The Importance of Backups During a Recession 30:38 How to Be Financially Free in 2025 35:49 The Evolutionary Desire to Show Off — Status 40:32 Salary Differences 42:58 We Have a Distorted View of Financial Wealth 44:18 Advice for the Economic Crisis 45:44 How Much Money Do You Need Saved? 46:45 The Impact of AI in Our Wealth Building 56:11 The Skills You'll Need in the AI Era 57:45 How to Have a Money Mindset 01:00:35 Why People Get Stuck in Crypto Scams 01:03:13 Women vs. Men: Who's Better at Saving and Taking Risks? 01:05:54 Crypto 01:07:02 What History Tells Us About New Technologies, Wealth, and Failure 01:08:30 Could the Crypto Security System Be Broken? 01:10:00 The Strategies Wealthy People Use 01:11:34 Intelligence vs. Endurance 01:13:07 Why Is Perseverance Key? 01:14:51 The Best Way to Have a Big Investment Return 01:16:40 The Power of Compounding in Your Savings 01:21:46 How Money and Psychology Are Linked 01:26:42 You Need to Change Your View on Savings 01:30:50 Biggest Regrets of People on Their Deathbeds 01:37:00 The Most Asked Questions About Finances 01:40:56 Where Are Your Investments Allocated? 01:41:43 Vanguard Index Fund 01:49:33 Where to Invest Spare Cash? 01:56:04 The Dangers of Retiring 02:03:10 How to Live a Happy Life Ready to think like a CEO? Gain access to the 100 CEOs newsletter here: https://bit.ly/100-ceos-newsletter The 1% Diary is back - limited time only: https://rebrand.ly/r0ogao4 You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Get email updates about Diary Of A CEO here: ⁠https://bit.ly/diary-of-a-ceo-yt 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 Follow Steven: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Perfect Ted - https://www.perfectted.com with code STEVEN40 for 40% off

🎤 SPEAKERS

• Steven Bartlett

  host

• Morgan Housel

  guest

• Narrator

  other

🧾 EPISODE SUMMARY

In this episode of The Diary of a CEO, featuring Steven Bartlett and Morgan Housel, Morgan Housel: How tariffs reshape your cost of living explores tariffs, AI, and Money Mindset: Protecting Freedom As Costs Surge Morgan Housel joins Steven Bartlett to unpack how psychology, not spreadsheets, drives most financial outcomes, from saving and investing to status and happiness.

🔗 RELATED EPISODES

Pulitzer Prize Historian: You Won't Notice Until It’s Too Late

Professor Jiang: World War 3 Has Already Begun, Let Me Explain!

Stanford Neuroscientist: Can’t Remember Your Dreams? Your Brain May Be Warning You!

The Divorce Expert: 86% Of People Who Divorce Remarry! Why Sex Is Causing Divorces!

The Exercise Neuroscientist: NEW RESEARCH, The Shocking Link Between Exercise And Dementia!

Charlamagne tha God Opens Up About His Depression & Childhood Trauma!