The Spectrum of Wealth

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The Psychology of Money with Morgan Housel not yet transcribed

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Recorded29 Jun 2023

Publisheranchor.fm ↗

Handlerec:9778655

Show notes

Chris Rock joked that Bill Gates would jump out the window if he woke up with Oprah’s money. Like most comedy, it’s funny because it contains a nugget of truth.There is no objective level of wealth -- everything is just relative to something, or someone, else. That means a billionaire can feel poorer than someone with infinitely less money.This episode tries to create a spectrum of wealth based on the quality of your life, feelings, and social circles, versus measuring it on money alone.

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