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Shane Parrish

๐Ÿ‘ค Speaker
16064 total appearances

Appearances Over Time

Podcast Appearances

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

This is insane.

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

And so we were like, oh, we'll just live off one paycheck and we'll save the other paycheck.

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

And then the thinking was if we do our 20s right, it just sets up the next 50 years.

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

And by doing it right, we were totally different than all of our friends.

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

Yeah.

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

So they were getting houses and

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

pools, and we're in a one-bedroom condo barely scraping by on one salary.

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

We're not going on vacation.

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

We're not doing all these other.

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

But we never felt like we were missing things with all these other people, because in our heads, we just were like, oh, they're living paycheck to paycheck.

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

And we don't have nearly as nice of a life as they do.

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

But if we can maintain this for a decade,

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

then all of a sudden our 30s become a little bit easier, our 40s become easier.

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

And then as you sort of age, you start thinking about money differently, right?

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

In your 40s and 50s, you're like, oh, I need to retire.

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

How do I take care of my parents financially?

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

How do I pay off the house?

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

How do I take care of my parents?

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

How do you see those milestones affecting people?

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

What advice would you give to your younger self about spending money?