Morgan Housel

Good job.

You saved for 40 years.

You maxed out your 401k.

You did everything you were supposed to.

And now you're 70 years old and you have enough money to travel and play golf and you won't.

You won't do it.

And I think it's because they become so accustomed to the identity of I'm a saver.

Every month I save and every month my net worth goes up and they cannot bring themselves into switching gears and going in the other direction.

And for a lot of those people,

The money is in full control over their identity.

It's telling them how to live, what to like, what to aspire to, what to enjoy.

The money is totally in control of their personality.

And and it's it's just as dangerous and just as just as detrimental as you when you were a teenager of I can't stop spending.

It's both of those are in are there.

The money is like playing the marionette doll of your life.

It's telling you exactly what to do and when to do it.

Well, those two points that you just brought up, I think, are very related.

The first on the point of can money make you happier?

The answer is yes, but there's an asterisk next to it that we need to get to.

For years, there was a big academic debate of does more money make you happy?