The Psychology of Money Archives

The Psychology of Money Quote

Wealth is what you don’t see, not what you flaunt - Morgan Housel

The core message is brutally simple: Wealth is the gap between your income and your ego. It's the money you save and invest, not the stuff you buy to impress people.

Wisdom

Quotes about The Psychology of Money

Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn. The clothes forgone and the first-class upgrade declined - Morgan Housel

The core message is brutally simple: Wealth is what you don't see. It's the unspent money, the deferred gratification, the financial potential you've chosen to preserve instead of convert into status symbols.

Wisdom

Quotes about The Psychology of Money

Wealth is what you don’t see. It’s the cars not bought, the diamonds not purchased, the watches not worn, the clothes forgone and the first-class upgrade declined - Morgan Housel

The quote flips the script on how we define wealth. It argues that real wealth isn't the visible status symbols you buy, but the invisible financial security you build by *not* buying them.

Personal Development

Wise advice on The Psychology of Money

There are a million ways to get wealthy, and plenty of books on how to do so. But there’s only one way to stay wealthy: some combination of frugality and paranoia - Morgan Housel

Getting rich is about offense, taking risks, seizing opportunities. Staying rich is purely about defense. It’s a completely different game, played with a different set of rules.