Morgan Housel

I have no possibility of being financially independent.

Independence exists on a spectrum.

And literally every dollar that you save is a little bit more independent than you were before.

If you have $100 in the bank in savings, that can make it so that if you were to lose your job, you have a little bit more flexibility for rent or groceries or whatever it might be that you didn't before.

If $1,000, $10,000, any amount that you have is a little bit more independent than you were before.

And so when you view...

One of the cores of living a good life is independence.

And any amount of saving money will buy you independence.

I think that's a powerful observation for people.

And then the purpose part is going to be different for everyone.

For me right now in my life, it's being a good father.

That's what I want my identity to be.

That's my overarching goal in life is to be a good dad.

I think the vast majority of parents will tell you that there was no greater joy, purpose,

But you're trading independence for that.

I'm trading its internal independence that I'm giving up.

I want to sacrifice for my kids.

I want it like loyalty to people who deserve your loyalty is a wonderful thing.

Loyalty to people who don't deserve your loyalty sucks.

And so if you're giving your loyalty to a company that doesn't respect you, that sucks.