Morgan Housel: Wealth is What You Have Minus What You Want

It's not necessarily how much you have, it's just a contrast to what you have before. Would you rather have A net worth of a million dollars when you used to have two million. Or would you rather have a net worth of five hundred thousand when you used to have two hundred thousand? And

Psychologically, most people would rather have five hundred thousand. The speed at which a luxury becomes a necessity. Is two seconds. What advice do you have for somebody living paycheck to paycheck? I always say two things. One is that The second is Affordable housing, I think, is the single biggest social problem.

Because so many other social problems that might seem bigger than that. or downstream of housing. A lot of the drug prop The fertility crisis, the degradation of politics, because if you don't feel like you're invested in your community Or you're investing in your country, it's much easier to be like burn the place down. And so much I wrote this in Psychology Money. If you have to serve

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