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Morgan Housel
“Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today in order to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Spending money to show people how much money you have is the fastest way to have less money.”
Morgan Housel, The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

Morgan Housel
“Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Therefore, focus less on specific individuals and case studies and more on broad patterns.”
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: Timeless Lessons on Wealth, Greed, and Happiness
tags: debt

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