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The Daily Stoic · August 7, 2022 · 50m
Building Wealth and Happiness
Morgan Housel on why wealth is what you don't spend. The Psychology of Money meets Stoic simplicity: the wealthiest people aren't the ones who earn the most — they're the ones who need the least.
This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.
Canon
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Housel: 'wealth is the money you haven't spent.' If you earn $500K but spend $500K, you have no wealth. If you earn $80K and spend $40K, you're building wealth. The treadmill makes high earners feel poor.
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