Morgan Housel
๐ค SpeakerAppearances Over Time
Podcast Appearances
So the idea that you could do that forever for long periods of time, that would never, ever work.
What happens with expectations for a lot of people is, look, if I said, I want to be a 10% better dad,
That's a good goal.
But what does that mean?
What does that even mean?
How do I track that?
How do I measure?
That's impossible.
But if I said, I'm living in a one bedroom apartment and I want a two bedroom apartment, that makes sense.
If I said, I want three new pairs of jeans, that's easy to wrap your head around.
Money is so quantifiable.
It's so easy to just say, right now I'm making $20 an hour.
I want to get to $25.
I can measure it so quickly that it becomes this thing where we chase money because it's so easy to measure.
And we chase spending because it's so easy to contextualize.
And so if you don't have a good idea of what a good life looks like, it's very easy to just say a good life is one in which I have more money.
Because it's so much easier to understand then, how can I become a better dad?
How can I become a better parent, a better spouse, a better friend, a better worker?
That's hard to wrap your head around.
Will Smith had this great, I thought he was so astute and profound.