The Julia La Roche Show cover image

#001 Morgan Housel on The Psychology of Money

The Julia La Roche Show

00:00

The Importance of Wealth

There's a difference between being rich and having wealth or being wealthy. Wealth is the money that you don't spend, not spending on your car payments but saving up for it. "Just because somebody is driving the fancy car or driving the Honda Civic, you have no clue what their net worth is," he says.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app