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Morgan Housel

The Art of Spending Money

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  • Turar Kametayhas quoted7 months ago
    The independence to do what you want, and the wisdom to want to do meaningful things.
  • Turar Kametayhas quoted7 months ago
    Compound interest, which turns patience today into fortunes tomorrow.
    The fact that you are one day closer to death than you were yesterday, so make the most of your short time here and enjoy every day you’re lucky enough to be alive. There is a Scottish proverb: “Be happy while you are living, for you are a long time dead.”
    The struggle is knowing how much you should invest for the future versus spend today.
  • Turar Kametayhas quoted8 months ago
    happy when what I’m doing is helping people and unhappy when what I’m doing isn’t helping people
  • Turar Kametayhas quoted8 months ago
    good life is everything you need and some of what you want. If you have everything you want, you appreciate none of what you have.
  • Turar Kametayhas quoted8 months ago
    The Most Valuable Financial Asset Is Not Needing to Impress Anyone

    The ability to not need to prove yourself to strangers is priceless.
  • Turar Kametayhas quoted8 months ago
    Everyone is jealous of what you’ve got, no one is jealous of how you got it.”
  • Turar Kametayhas quoted8 months ago
    If you’re already an unhappy person, it’s unlikely that more money will ever fix your problems.
  • Turar Kametayhas quoted8 months ago
    Happiness is that feeling you get right before you need more happiness.”
  • Turar Kametayhas quoted8 months ago
    People often chase the wrong emotion. They go for a buzz of happiness, which is fun but fleeting. It’s better to go for contentment, which feels even better and is much more durable.
  • Turar Kametayhas quoted8 months ago
    If you don’t have those things, then they can mean a great deal to you. When you do have them, they mean nothing to you. It’s such a powerful statement. One of the most natural and common feelings with money is just chasing what you don’t have.
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