Morgan Housel

And you need some kind of purpose that is higher than yourself.

And that could be a million different things.

It could be friends.

It could be family.

It could be career.

It could be religion, whatever it might be.

I think it is very difficult to imagine anyone having a good life without those two things.

If your entire life and your schedule is dictated by somebody else of you have to go to this job that you don't like, you have to have a long commute that you don't like, you have to do this when you don't want to do it, it's hard to be happy.

And if you don't have any kind of purpose that you're doing it for, it's difficult to be happy.

And so the idea that, to me, the best thing to spend money on is independence.

And I view it as purchasing.

I don't view it as saving money.

I view it as purchasing independence.

That's how I view it.

I feel like I'm buying independence when I save.

And so to me, the biggest thing that I spend my money on, and this sounds weird, but is saving.

And I view that as buying independence.

I view that as every dollar that I save is a little bit more independent than I was before.

It's a little bit of my future that I now own and control.

And if you're listening to this and you're like, look, I'm not financially independent.