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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
“A mindset that can be paranoid and optimistic at the same time is hard to maintain, because seeing things as black or white takes less effort than accepting nuance. But you need short-term paranoia to keep you alive long enough to exploit long-term optimism. Jesse Livermore figured this out the hard way.”
Morgan Housel, The Psychology of Money

Morgan Housel
“Optimism sounds like a sales pitch. Pessimism sounds like someone trying to help you.”
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

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