korrents

korrents · piece

A Few Thoughts on Spending Money

Morgan Housel · 31 Jan 2024 · collabfund.com ↗

3 korrents from this piece

Morgan Housel did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    Money is used either as a tool for a better life or as a yardstick of status, and most people aim at the first while chasing the second.

    Their wordsThere are two ways to use money. One is as a tool to live a better life. The other is as a yardstick of status to measure yourself against others.
    Interesting

  2. Our reading

    Unspent money buys freedom and control over your own time, which is what makes saving worth more than whatever it could have bought.

    Their wordsUnspent money buys something intangible but valuable: freedom, independence, autonomy, and control over your time.
    Interesting

  3. Our reading

    There is no objective level of wealth: how rich you are is always a judgement made against someone else.

    Their wordsThere is no such thing as an objective level of wealth. Everything is relative to someone else.
    Interesting