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Morgan Housel

๐Ÿ‘ค Speaker
3750 total appearances

Appearances Over Time

Podcast Appearances

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

And I love that game.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I've been playing that game since I was a teenager and I'll keep playing it the rest of my life.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

But you have to understand the limitations of it and how much power there is towards it just because you can quantify it, not because it's necessarily going to give you a better life.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I think there are a lot of people who, because it's so easy to quantify, chase it as the ultimate metric to all of their problems, the solution to everything in your life and everything else, your friendships, your relationships, your health that are more important, take a backseat just because you can't measure them.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

The only thing I ever wanted out of money...

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

was independence.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I just wanted to live life on my terms and do what I wanted to do.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

And I've known this about myself for a long time that

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I can do good work, but I'm not a good worker.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I'm not a good employee.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I'm not good at all when a boss says, here's what I want you to do.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

Here's how I want you to do it and when I want you to do it.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I'm a shit worker under those terms.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

But if I'm left to my own devices and somebody says, just go do your thing, then I can really accomplish something.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

And so I just wanted to be fiercely independent in everything that I do.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

And I think every single person has unbelievable talents if they could be left to their own devices.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

But a lot of people, once they're under the pressure of other people's goals, other people's ideas, other people's, their financial incentives, you know, are pushed down a notch.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

And it's unavoidable.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

I'm not saying everybody should go be an entrepreneur, of course.

My First Million
10 Years of Money Wisdom in 51 Minutes | Morgan Housel

But I think if you can use financial independence to work at the company that you want, to live where you want, to live in an area that gives you a lower commute, to retire when you want, whatever it might be, that to me, I'm not anti-materialistic at all.