“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 best measure of wealth is what you have minus what you want. (By this measure, some billionaires are broke.)
Morgan Housel • Some Things I Think
using the market values of what one owns to measure one’s wealth gives an illusion of changes in wealth that don’t really exist.
Ray Dalio • Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
The most valuable personal finance asset is not needing to impress anyone.
Morgan Housel • Some Things I Think
Wealth is what you don’t see.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
I use “net worth,” I really mean the degree of richness, juiciness, and fulfillment you have in all areas of your life, not just your bank account. Do you feel rich in your relationships? Do you have a wealth of activities you enjoy?
Nancy Levin • Worthy: Boost Your Self-Worth to Grow Your Net Worth
Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn, the clothes forgone and the first-class upgrade declined. Wealth is financial assets that haven’t yet been converted into the stuff you see.