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Morgan Housel - The Psychology of Money

Financial Independence Podcast

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Wealth Is What You Don't See

wealth is what you don't see because no one sees your bank accounts. We tend to look at the people who have spent, and they tend to be are a whom we admire. So it's just kind of a this irony, i've always said, particularly for young men, when a lot of people say they want to be a millionaire, what they actually mean is, i want to spend a million dollars. And that's literally the opposite of being a millionaire. There are a lot of ironies like that in finance, and are just hard to wrap your heads round. But the idea that wealth is whatyou don't see, ah, changes your perspective on what you see world

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