The Best Financial Advice You’ll Ever Hear

What's the number one thing that keeps people broke? >> It's ignorance. It's not a lack of intelligence. It's ignorance. >> Today, you are getting the best financial advice you'll ever hear from the man that changed the way that I think about money. The way that I make money. You're going to love this. 10

million copies sold. Unpacking the five biggest takeaways. Let's go. >> Morgan. >> Morgan Hel. >> Morgan Hel. >> Morgan Hel. >> He's the author of the psychology of money. >> Psychology of money. >> Psychology of money. >> Psychology of money. Like we live in a society that it's very easy to overspend. A lot of people are willing

to give you credit cards, give you debt. Is very easy to have bad financial habits. >> Instagram has basically become the new, you know, QVC. >> If you're buying these things, particularly on credit, you have bad habits. You're getting yourself into debt. You know, every dollar of debt that you have is a piece of your future

that somebody else owns. You can be one of the richest men in the world and have no independence. Morgan, what do you recommend we do every time we get a paycheck or get paid? >> I view savings as an expense just as I would view rent or food or whatnot. Anytime in finance that you can automate

it. So, automating your bank and say every paycheck you're going to move $50 to savings, whatever it might be, and making it automatic. What are the odds that at least one of these happens to you over the course of your life? Job loss, divorce, medical illness, weward children, living through a giant recession, whatever it might be. What

are the odds that at least one of those will happen to you? And the answer is 100%. And we I think a lot of people don't want to admit that. And when that happens, the savings that you have is going to be more valuable than anything that you've that you've ever had. >> And for the person who's still thinking,