Shane Parrish

How exactly do you invest your money?

Walk me through step by step.

I love that thinking.

Walk me through $100 comes into your house.

How does it get allocated?

Where have you loosened up the most?

It's not a status thing.

I was talking to Barry Diller a few weeks ago, and he mentioned something about housing that stuck with me.

And he said, growing up, I looked at all these houses, and he said the inside is rarely as beautiful as the outside.

One of the other ways to interpret that, and I think the way that I went when I heard it at first was like,

Oh, there's marital problems.

There's problems with the kids.

There's like the, you know, these people who we we grow up going like, I want to live in that house and I want that life.

And if you open that door and walked into that life, you know, it's kids who don't talk to parents.

If we divide life into four major eras, the 20s, 30s, 40s and 50s,

How should people think about acquiring and spending money in those eras?

I remember in my 20s how I thought about things financially.

I was married at the time.

And we lived off one salary.

And that was our way of like, because you go from making no money and scrounging in the garbage basically for food at the student union building to sort of like, oh, you're getting a paycheck every two weeks.