Morgan Housel

If you solve enough problems in a way that's helpful for people, it'll eventually come to you.

But I think entrepreneurs who set out the goal is to become rich very seldomly do.

You can stop thinking about it.

Yeah, great.

I mean, a cousin of what you just said is, you know, the FIRE movement, financial independence, retire early.

You had all these people who would try to live incredibly frugal lives with a high savings rate.

And then they would retire when they were 28 and had half a million bucks in the bank, whatever it would be.

So many of the people who actually did that, who retired when they were 28, were clinically depressed six months later.

Because they realized, like, what their actual purpose was in life that gave them meaning and whatnot was work.

And so many of those people who did retire went back to work.

And so the idea that we all need meaningful problems to solve and to go is really important.

And a lot of people get this wrong with retirement.

They spend all of their retirement planning on how do I save enough money and none of it on what am I going to do in retirement?

I mean, that's a big problem for people.

The only formula that I put in the book, it's the simplest that I could do, is a formula for a pretty good life is independence plus purpose.

And I think it's hard to have a good, meaningful life without both of those things.

The independence to be who you are and do what you want and the purpose, the wisdom to solve interesting problems, hard problems, as you said.

I think that's important.

I think you need both of those to have a good life.

And purpose will be different for everybody.