Afraid to Spend Your Savings? Morgan Housel Has Advice

Video Description

Bestselling author of The Psychology of Money and The Art of Spending Money, Morgan Housel, joins Jean Chatzky for a special HerMoney Mailbag episode to answer real listener questions — from how to invest a lump sum after divorce, to whether it’s smarter to pay off debt or keep money in savings. 💰 We’re tackling: ✅ How to invest $60K at midlife ✅ Should you pay off credit cards or hang onto your cash? ✅ What to do with “extra” money after maxing retirement accounts ✅ How to balance emotional comfort with financial decisions ✅ The psychology behind money, fear, status, and saving too much Chapters: 00:00 – Welcome + What This Mailbag Is All About 00:42 – Q1: Afraid to Pay Off Credit Cards — What Should I Do? 05:20 – Q2: How Should I Invest $60K After Divorce at 58? 09:40 – Q3: We’ve Maxed Out Retirement — Now What? 13:25 – Final Thoughts + Morgan’s Advice for Staying Flexible Whether you're navigating a major life change or just unsure of your next money move, this episode is filled with actionable advice — with Morgan’s signature mix of clarity, compassion, and insight. 📘 Books by Morgan Housel: The Psychology of Money → [https://www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/] The Art of Spending Money → [https://www.amazon.com/Art-Spending-Money-Simple-Choices/dp/B0F5585V8M/] 💬 Got a question for our next mailbag? Email us at [email protected] 🗣️ Join the HerMoney Facebook group for more money conversations: https://www.facebook.com/groups/2039572739656574 🔔 Subscribe to HerMoney for more smart, supportive content on money, work, and life: https://www.hermoney.com 🎧 Listen to the full episode on Apple Podcasts, Spotify, or wherever you get your podcasts: https://pod.link/1098802558 💵 Build Financial Confidence: https://hermoney.com 📚 FinanceFixx – 4 or 6 Week Coaching Program: https://portal.financefixx.com/coastal/s/ 📈 InvestingFixx – Our Investing Club for Women: https://portal.investingfixx.com/s/ 📰 Subscribe to Our Weekly Newsletter: https://hermoney.com/subscribe 📢 Got Money Questions? Comment below or email: [email protected] Follow the Podcast: 🎙 Apple Podcasts: https://apple.co/3lyZs59 🎙 Spotify: https://spoti.fi/3Rb4nYM 📸 Instagram: https://www.instagram.com/hermoneymedia/ Listen to This Episode: "Morgan Housel Answers Your Biggest Money Questions | HerMoney Mailbag" YouTube:https://youtu.be/ZQQGapFbTWg Full Podcast Feed: https://pod.link/1098802558 Subscribe to the Channel: https://bit.ly/4agSrxo Take Our Money Type Quiz: https://moneytype.hermoney.com/ Follow Jean Chatzky: Instagram: https://www.instagram.com/jeanchatzky/ TikTok: https://www.tiktok.com/@jeanchatzky Facebook: https://www.facebook.com/JeanChatzky LinkedIn: https://www.linkedin.com/in/jeanchatzky/ X / Twitter: https://twitter.com/JeanChatzky ❤️ Liked this episode? Give it a thumbs up and share with a friend who needs to hear it.