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Morgan Housel

πŸ‘€ Speaker
6219 total appearances

Appearances Over Time

Podcast Appearances

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Anything short of that is a failure.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Yep.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

And on one hand, I want to live in a world that has rising expectations.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

That's what progress is.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I want to live in a world where my grandkids live in a world where cancer is cured and they don't even think about it.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

That's the dream.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Rising expectations is progress.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

That's what it is.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

But you also have to expect and understand that in that world, that growth individually and as a whole society is never going to feel like you think it would be because it just becomes the norm that you're expecting.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

For a household.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Individually, it's lower because there's more than one worker per household.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Oh, is that per household?

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

There's one and a half or whatever workers per household.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

So individually, it's probably $60,000 or something.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Whatever, maybe $50,000, whatever it is.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Yeah.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Yeah.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

Oh, that's absolutely true.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

I think for a lot of people, what they really like with money is not even being rich.

Modern Wisdom
#1055 - Morgan Housel - Mastering the Art of Spending Money

It's the process of becoming rich.