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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

What is this?

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

But I think we, you know, as good friends do, would give each other grief for it.

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

But I actually, I feel like if people are not giving you grief for something in your lifestyle, you're probably just...

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

a sheep to somebody else's.

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

If you can look at particularly someone who is above average income and there isn't something in their life that they spend very little on, I think there's a high chance that they're just a sheep going along with society tells them they should want.

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

And so I love it when you meet a rich person who dresses shabby or eats shabby or drives a shabby car.

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

There has to be something like that, that they realize like that thing society told them they should like it, but they just don't.

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

Now, they should probably also have a thing that they spend a higher percentage of their income on.

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

Like that's important too.

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

But the idea that you should just do it your own way with the idea that nobody's watching because the truth is nobody is watching.

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

That's how it should be.

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

Because it's delicious.

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

And wouldn't it suck if you loved cava?

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

But you're like, I'm a billionaire.

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

I got to eat caviar.

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

And then you're just choking down the salty nastiness of the caviar.

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

Isn't that a bad life?

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

100%.

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

I love Taco Bell.

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

Can't get enough of Taco Bell.