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Morgan Housel

๐Ÿ‘ค Speaker
3750 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

That's true for a lot of things, not just outside money, but values.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It's very easy to think today, I have these, the boundary of my morality is this, but the truth is like, if I started hanging out with different people, it might become this, the boundaries of my morale, or sorry, it might shrink.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

What I'm willing to do might be very influenced by who I'm hanging out with.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I think that's true for nearly all of us.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

One is I would say thank you for saying that and noticing that, but it takes work.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It is not just you get there and you're like, oh, everything's great.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Now I can just cruise on this authentic life.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It takes, I think, daily work.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And so even as someone who writes about expectations and keeping up with the Joneses and whatnot, I think I feel like I have to remind myself daily of it.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Now, there are a lot of things like that in life.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

If you master meditation, you don't get to stop.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

You got to do it every day.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And if you do stop, you just revert back to where you were.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Same with exercise.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

You don't get to physical fitness and then you get to stop.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

You got to work on it daily.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

So I think this is one of those things as well that takes a lot of effort.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

But I think the realization, easier said than done, but the realization and the observation that people are not paying attention to you as much as you think they are,

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And therefore, you should stop trying to impress strangers and use money to give yourself a tool of things that are giving you a lot of fulfillment, your relationships, your health and whatnot.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

To me, that was like the biggest breakthrough.