Morgan Housel
๐ค SpeakerAppearances Over Time
Podcast Appearances
You instantly drift towards the things that you know you're actually, you actually want in life.
And of course, it's going to be different for everyone.
But I found it a helpful thing because you realize that it would be completely absurd to put the things that I might be chasing in my life in my obituary.
And so if in any given day, in any given year, you're like, I got to earn a higher income and I want to buy a bigger house.
And I need a new car.
And all you see, they came out this much.
But at the end of your life, you know, that's not going to matter.
What's going to matter is, were you a good spouse, a good parent, a good worker?
Were you honest?
Were you a good friend?
Were you funny?
That's it.
You know that's what's going to matter because that's what you want in your obituary.
Yeah, I think it's equally bad because both of them are the exact same thing, which is money's controlling you.
Money should be a tool that you use to become a better version of yourself, to become a happier, more content version of yourself.
But when it's controlling your personality, it's no different than like any other addiction where it's forcing you to do things that you otherwise don't want to do.
And that can manifest on either end of the side.
Either people can't stop spending or they cannot spend enough.
A lot of financial advisors will tell you one of the biggest problems that they have
are clients who have saved enough money for retirement.