Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

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

And it's not all negative.

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

If you read the biographies of the Vanderbilts, it's not all negative, but it is not anywhere near the happiness that you would assume.

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

for people who would inherit $10 billion on their 18th birthday.

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

It's nowhere near that.

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

And so, look, I want to have a higher net worth.

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

I want to be wealthy.

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

But you don't see it, what money can't do for you, until you look at the magnifying glass of unbelievably wealthy people and what it does for them and what it can't do for them.

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

Oh, I think not at all.

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

I mean, it's a great question because I don't think I've thought about that whatsoever.

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

My wife and I met when we were young.

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

We were 19, 20 years old when we met and had nothing.

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

And no money.

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

We were college students and of course we had nothing.

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

And are we happier today?

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

We have a different sense of life because now we've been together for 20 years and we have two lovely kids together and whatnot.

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

So there's a very different view on life and a sense of accomplishment for that.

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

But are we happier?

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

And I think that's no, but that's not uncommon.

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

Not everybody, but a lot of people, if you ask them, when was the happiest time in your life when you had the most laughs, the greatest times?

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

A lot of people, not everybody, will tell you high school, college.