Morgan Housel

You're giving a signal to an employer that for four years I showed up and did the material and got the right answers.

Signaling can be very, very important.

It's not to discount it.

But...

there's a right and a wrong kind of signaling.

There's a right kind of like, I'm doing this, I'm dressing in a way and displaying myself and cutting my hair in a way that's going to attract the right friends and the right mates, the right boyfriend, girlfriend, whatever it might be.

There's also signaling of like, I'm going to aspire to buy this car that's a huge pain in the ass and I actually hate driving, but I think strangers are going to look at me and pay more attention to me.

That's the wrong kind of signaling.

I think we all just want contentment.

So like we I think we get into a lot of trouble when we chase happiness, when what we're actually going for is contentment.

We actually just want to get to an area where we're like, I'm good.

I'm all set.

I think the relationship between money and kids is an interesting one where every parent wants to use their hard work.

what money they might have.

It doesn't have to be a ton.

You don't have to be rich, but they want to use their hard work in order to give their kids a better life.

When a lot of times what the kid needs to do is learn on their own and they're going to learn vicariously the values that you have about money.

They're going to learn just by watching.

You don't need to sit your kids down and say, let me teach you how to budget.

Let me teach you how to save.