“The best measure of wealth is what you have minus what you want, and by this measure some billionaires are broke.” — @morganhousel
“The best measure of wealth is what you have minus what you want, and by this measure some billionaires are broke.” — @morganhousel
The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.” People want to become wealthier to make them happier. Happiness is a complicated subject because everyone’s different. But if there’s a common denominator in happiness—a universal fuel of joy—it’s that people want to control their lives. Th
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
“Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you. I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in l... See more
Collab Fund • Smart Things I’ve Read Lately
More importantly, the value of wealth is relative to what you need.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
More importantly, the value of wealth is relative to what you need.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Measuring wealth from zero is a different way to think about it than normal. What makes you wealthy, in the way the word is typically used, isn’t what you have, but what you have compared to the people near you in time, space, and culture.