Morgan Housel
π€ SpeakerAppearances Over Time
Podcast Appearances
He wrote this in his biography.
He said, when he was depressed and poor, he could tell himself, if only I had more money, all my problems would go away.
And that gave him hope.
I just need to go out and make more money.
And once I have more money, all of my depression, all of my doubts will go away.
And then he became rich.
And he was still depressed.
And then he said he lost hope because he couldn't say if only I had more money.
And so we chase money because it's so easy to wrap our heads around.
And we chase it with the idea that it's the solution to all of our problems.
Even if it can solve some problems, but not the biggest ones, the hole that you're trying to fill, the psychological hole that you're trying to fill is probably not going to be filled with money.
The first step is realizing that a lot of your money woes and a lot of what you're feeling in terms of falling behind and a lot of your gap between what you have and what you want is solely a factor of your expectations.
Because I think the pull is so profound in our heads that if only I had more money, these problems would go away.
It seems like, how could that not be true?
And I think the people who have experienced it would say, no, it can be true, just much less than you thought.
You can if you want to.
And I think the people who say, I'm not good with money, don't want to be.
They use that as their excuse to say.
Come on now.
Really?