Morgan Housel

Like they're very acute.

They're acutely aware that money can solve a lot of problems and build an amazing life for you, of course.

But I think when you're poor, it's easy to tell yourself that's the solution to all my problems.

That if only I had that much money, then this hole I have in my soul would go away and it would fill up and everything would be done.

And the people who grew up rich know that that's not true.

If you use it as a way to have better relationships with people.

If you have a big house so you can have 20 of your best buddies over every Friday night and have a great time, yes.

If you have a big house because that's what you need for you and your spouse to have five kids and that's your meaning and purpose in life, yes, absolutely.

But I think if you're using it as a way of just like a, you know, because that's what you should want.

kind of thing then it can be pretty miserable very interesting harvey firestone who created firestone tires uh he was he was alive 120 years ago or some odds he wrote a biography in the 1920s and he pointed this out he said every wealthy person that he knows without exception buys a gigantic house and every single one of them without exception finds it to just be a tremendous burden

And he was like, why do we do it?

And he even said Henry Ford, who at the time was like a cheap miser.

He was like, even Henry Ford has a gigantic house that he hates.

But he's like, there has to be something in the human soul that just associates

large property with success.

And I think a lot of people who have a big house know this.

Like a big house is a tremendous amount of upkeep.

And a lot of people who live in those giant homes will eventually basically seclude themselves to a small little corner of that house that feels homely.

But even if you showed that person that information, or for myself, and you said, hey, you could actually only live in a house that's 1,500 square feet.

No.