Morgan Housel: How to Stay Rich

If the initial goal is to get rich, how, then, do you stay rich? There’s only one way: Be guided by a mix of frugality and paranoia, Morgan Housel, financial writer and partner in the Collaborative Fund, tells ThinkAdvisor in an interview.

A former columnist for The Wall Street Journal and The Motley Fool, he is author of a new book, “The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness” (Harriman House-Sept. 8).