The Prof G Pod with Scott Galloway How to Know When You Have Enough, Build a Safety Net, and Spend Money Well — ft. Morgan Housel
127 snips
Nov 14, 2025 
Morgan Housel, bestselling author and partner at The Collaborative Fund, dives into the shifting notion of 'enough' and the dynamics of financial independence. He stresses that satisfaction is rooted in relationships rather than mere net worth. The discussion also highlights the importance of holding cash reserves as emotional insurance. Housel and Scott Galloway share their spending philosophies, focusing on experiences and giving, while navigating the complexities of wealth versus visible richness.
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The Moving Goalpost Of Enough
- People always move their goalpost: the amount that feels like 'enough' tends to be roughly double what you currently have.
- Satisfying relationships and purpose shrink the desire to equate net worth with self-worth.
Wealth Is Invisible Peace Of Mind
- Wealth is what you don't see: the peace of mind from not needing to work for survival.
- Scott defines being 'bulletproof' as having passive income equal to your annual burn multiplied by 25.
Use Cash As An Emotional Hedge
- Hold higher cash if it prevents you from panic-selling during crises and lets you endure long job gaps.
- The hidden return on cash is the avoided mistake of selling assets at market lows.
