Morgan Housel
๐ค SpeakerAppearances Over Time
Podcast Appearances
Those are dependence on things that you don't want.
But I want to be dependent on my family because that gives me purpose.
To make the choice of who you're going to be dependent on, right?
If you try to get technical about it, I would say, what are the odds that at some point in your life, you're going to lose your job and not be able to find another job for six months?
The odds are not bad that that will happen to you at some point.
Not very comfortable to think about.
Maybe it's already happened to you already.
But the odds that at some point that will happen are pretty good.
And therefore, if you were to say, like, look, a good measure of...
Some level of higher end independence, not a low level of independence, but like a medium level of independence is six is is I can keep myself going for six months.
And for a lot of people, that's a daunting task.
And it's OK.
You're probably not going to achieve that when you're 18.
And it's going to take some savings to get there.
But that is a level at which you can exhale to a degree that most people have never been able to do before of like there's going to be some bad stuff happening in your life.
It's going to be uncomfortable, but it's going to be OK.
Yeah.
And for most people, for most of history, it was there's bad things gonna happen to you and you're not gonna be okay.
It's gonna be very traumatic.
And one of the important things there is when you lose that job, the ability to go find a good job, even a better job, where you want, doing what you want with the people who you like working with is very important.