Abel

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Morgan Housel
“There is a paradox here: people tend to want wealth to signal to others that they should be liked and admired. But in reality those other people often bypass admiring you, not because they don’t think wealth is admirable, but because they use your wealth as a benchmark for their own desire to be liked and admired.”
Morgan Housel, The Psychology of Money

Morgan Housel
“To grasp why people bury themselves in debt, you don’t need to study interest rate: you need to sturdy the history of greed , insecurity and optimism.”
Morgan Housel, The Psychology of Money
tags: debt

Morgan Housel
“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Be careful who you praise and admire. Be careful who you look down upon and wish to avoid becoming.”
Morgan Housel, The Psychology of Money

Morgan Housel
“But there’s only one way to stay wealthy: some combination of frugality and paranoia.”
Morgan Housel, The Psychology of Money

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