Exploring Costs and Time Horizons in Pursuit of Success and Personal Goals

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Exploring the various sacrifices and investments needed for success in investing, careers, and relationships, emphasizing the importance of understanding and being willing to pay the costs for desired outcomes. The chapter also touches on the impact of personal circumstances on financial decisions like buying a house.

In this moment, financial expert and bestselling author, Morgan Housel discusses the hidden costs of everything in life. Morgan says that that anything good in life comes with an unseen price tag, and part of achieving success in any area of life requires putting up with unknowns and volatility. In a career this might be long hours away from your family, in a relationship it may be the sacrifices and compromises made for another person. Part of this is being aware of your time horizons in life, and the amount of time between now and your goal, determining whether you are willing to sacrifice precious time to achieve the goal. In the end, Morgan says that the key to success in life is identifying what the cost is for any decision and being willing to pay it.

Listen to the full episode here

Apple - https://g2ul0.app.link/sXZ3OZpToHb

Spotify - https://g2ul0.app.link/nAu4hnmToHb

Watch the Episodes On Youtube - https://www.youtube.com/c/%20TheDiaryOfACEO/videos

Morgan:

https://www.instagram.com/morganhousel/?hl=en

https://twitter.com/morganhousel?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Learn more about your ad choices. Visit podcastchoices.com/adchoices