Morgan Housel
π€ SpeakerAppearances Over Time
Podcast Appearances
That's very difficult to contextualize when you don't have a lot of money.
I think you would anchor all of your expectations and all of your goals to the chasing the admiration of people who are not important in your life.
I desperately want my wife and kids to admire me and love me and pay attention to me.
After that, it drops off precipitously.
And I think if you're the kind of person, and social media has really put a spotlight on a lot of these people who are just desperate for the attention and the engagement of total strangers and their life's purpose, like they're the only thing that matters to them in their life.
is the engagement of strangers.
And it's a very unhealthy way to go about things.
I think it's always going to leave you empty.
So I think that's the biggest.
I want to be very ambitious about
financially and career-wise to benefit a very small number of people in my life, fewer than 10 people, a family, a couple of friends kind of thing.
And after that, I couldn't give two shits about what happens from there.
I think that's the goal of happiness and everything around it, the opposite of that, of trying to impress people who aren't paying attention is the source of the vast majority of financial misery.
I think where a lot of people go astray with this, I'll definitely get to what works, but where they go astray is don't spend money on things, spend money on experiences.
I think a lot of things are awesome, and a lot of experiences can leave you pretty empty.
Particularly in the social media world, I think a lot of people, I would venture to say most people, pick their next vacation based off of what's going to make the best picture on social media.
And I've talked about this before.
You know what my personal example of this is?
This is very subjective.
People can disagree with this.