This week marks the 25th episode of Books Brothers Podcast! Listen as Garrett leads our discussion of chapters 3-6 from The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel.

• Chapter 3: “Never Enough” - (0:43 - 18:51) Do any of you feel that you and your family have “stopped moving your goal posts?” Can you share an example where you refrained from moving your personal goal posts with a financial decision that you made.
• Chapter 4: “Confounding Compounding” - (18:52 - 23:48) Does anyone have any takeaways from this chapter?
• Chapter 5: “Getting Wealthy vs. Staying Wealthy” - (23:49 - 34:59) Would you say that you lean more toward having a pessimistic or optimistic mindset towards your personal net worth accumulation in both the short term and the long term?
• Chapter 6: “Tails, You Win” - (35:00 - 45:10) How do you all handle financial failures? How has this chapter impacted your perspective on these financial failures?
• Resources referenced or discussed in today’s episode:

1. Bear market vs. Bull market- https://www.fidelity.com/learning-center/smart-money/bear-vs-bull-market
2. Current average car payment- https://www.nerdwallet.com/article/loans/auto-loans/average-monthly-car-payment#:~:text=The%20average%20monthly%20car%20loan,determined%20by%20several%20different%20factors.
3. Warren Buffet’s net worth- https://www.cnbc.com/amp/2024/05/03/most-of-warren-buffetts-wealth-came-after-age-65-heres-why.html

Next week we’ll discuss chapters 7- 11 (pages 81 - 120).

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See you next week! Until then - read, reflect, and connect.