Moment 157: The Money Expert's Investment Strategy NO ONE Is Talking About: Morgan Housel

In this moment, financial expert and bestselling author, Morgan Housel discusses the hidden costs of everything in life. Morgan says that that anything good in life comes with an unseen price tag, and part of achieving success in any area of life requires putting up with unknowns and volatility. In a career this might be long hours away from your family, in a relationship it may be the sacrifices and compromises made for another person. Part of this is being aware of your time horizons in life, and the amount of time between now and your goal, determining whether you are willing to sacrifice precious time to achieve the goal. In the end, Morgan says that the key to success in life is identifying what the cost is for any decision and being willing to pay it.

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