Money, Frugality, Independence, Respect & Admiration.
07 Dec 2023
I loved Morgan Housel's The Psychology of Money and I love reading his articles on money and everything around it. Two articles I thoroughy enjoyed reading this week were:
Most people are wired to seek status and success, not necessarily happiness. It’s remarkable to watch someone fight back against that trend. From the outside they appear frugal. But in fact they’ve rejected what the world tells them they should want and looked deeper, finding their happiness elsewhere.
He quickly realized it wasn’t for him. Society told him he should want those things. But it wasn’t what actually made him happy.
Bottonline, find what makes you happy and don't follow the herd.
What you want is respect and admiration from other people, and you think having expensive stuff will bring it.
Material stuff makes no difference when you’re respected and admired for internal traits.
I tend to view material desire as a loose proxy for the inverse of what else you have to offer the world. The higher my desire for fancy stuff, the less real value I have to offer.
The above line is a home run.