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Morgan Housel

๐Ÿ‘ค Speaker
3750 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

That's obviously better than the alternative, but it's not happiness.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It's a very different thing.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And I think it can throw some people off when they aspire to happiness or they think that what they're achieving and the money they're making should make them happy.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Sometimes it does.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Very often it doesn't.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And they wake up and they're like, what happened?

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Like, I thought this was going to make me happy, but I'm not.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

So I think there's a level of expectation setting where it's like,

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

I think money can be more like a vaccine where like it can prevent a lot of misery, which is great.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Vaccines are wonderful.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Like we don't have polio.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

Like it's a great thing.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

But maybe that's a good analogy because you and I don't wake up in the morning being like, oh, I'm so glad I don't have polio.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

So grateful for the vaccine.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

We don't do that.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

We don't think about it.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

And I think that's a lot of what money can do.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

It is a lifestyle improvement, but don't think it's going to make you waking up ear to ear, grinning ear to ear.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

But we want to think of it like it's a performance enhancing drug.

The Knowledge Project
Morgan Housel: Wealth is What You Have Minus What You Want

We want to think of it as like we're going to take it and just be like, oh, I'm on fire now.