Morgan Housel
π€ SpeakerAppearances Over Time
Podcast Appearances
I don't know if I'll do a good job with this, honestly.
I'm in wealth accumulation growth mode right now.
When I'm 80, I don't know if I'll do a good job of it because I do feel like in a way that's probably not good.
Number go up is important to my identity.
That's my favorite takeaway from his book and changed profoundly how I think about inheritance for my children.
Profoundly.
Right.
But they desperately need it when they're 30 and trying to buy a house.
Get the first house.
Do it.
And having kids.
For a better life for my family.
I think in a very broken way, it's well-intentioned, but it's, I think, a very wrong way, is that what's holding a lot of parents back from doing that is, well, I had to work when I was 30.
I worked my ass off and bought my own house.
This kid has to do it too.
Here's why I think that's wrong.
You, baby boomer parent, who thinks that you built all this, you live a life that makes you look like a spoiled little bitch in the eyes of your grandparents.
You have antibiotics.
You have air conditioning.
You have jet travel.