Morgan Housel

Now, if you're a businessman, your customer base can be the entire world.

And so it's easier to make a huge fortune.

And because of social media, once you make that fortune, people are probably gonna know about it.

Because a lot of those people who become very rich are gonna say, look at how I'm living.

And so you have this like trickle down aspiration of everyone else being like, my definition of wealthy is,

If you're a young person today, a young person's definition of wealthy might be a multi-billionaire with a private jet and a private island.

Where I think 80 years ago, people's definition of wealthy was a three-bedroom house and one car and a happy family.

And so we live in a world where aspirations have inflated by such a dramatic degree that the arms race of spending just gets that much higher.

Right.

And Elon has even said he's like, you might think you want to be me, but you you don't.

And the clip where he did that, he points to his head and he's like, it's a tornado up here.

And I think it's true that for most people who are extremely successful, who are the ones that people tend to look up to, like the extreme outlier successes, a lot of the reason they're so successful financially and in their career is because they've devoted every second of their life to that career, which most of the time comes at the expense of everything else.

So they are very successful, made a lot of money, and that came at the expense of their health, their relationships, relationships with their spouses, their children.

So I make the point in the book that of the top 10 richest men in the world, there are a cumulative 13 divorces among the top 10 richest people.

And it's a small sample size, like you can't really say that much with that, but this is a group that is almost universally admired, particularly among young men.

Elon Musk, Jeff Bezos, Mark Zuckerberg, how amazing would it be to have that much money?

But if you dig into their actual, their whole life,

Not just their net worth, not just the house and the jet that they have.

But if you look at holistically their entire life, you're like, I don't know.

It's not that great.