wealth

8 statements across 4 episodes · 2 bullish · 2 bearish · 3 people on the record · first statement Aug 22, 2023 by Rey Flemings · across every show →

Everything said about wealth, oldest first

Aug 22, 2023 negative
Insight
Rey Flemings: Extreme wealth concentration creates unpredictable systemic powder kegs
“Wealth is getting concentrated into so few hands that it becomes dangerous. And you never know where it starts. You never know the moment of ignition.”
Rey Flemings Aug 22, 2023 ▶ 28:18 Rey Flemings: A Different Definition of Success
May 28, 2024
Insight
Housel: Using wealth as a scorecard to measure people creates spoiled children
“If you raise your kids, even if you have a lower income, but you raise them with an obsession with money, To like, that's the scorecard of measuring other people. It's like, well, what's your net worth? What's your salary? That's why I'm going to measure you b…”
Morgan Housel May 28, 2024 ▶ 1:06:02 Morgan Housel: Get Rich, Stay Rich
May 28, 2024 positive
Insight
Housel: True wealth is unspent money that remains hidden from view
“The weird thing here is that wealth is the money that you don't spend. That's what wealth is, like the homes you didn't buy and the car you didn't buy. It's money that you saved and invested. That is going to give you independence, and that's a hard thing for …”
Morgan Housel May 28, 2024 ▶ 40:26 Morgan Housel: Get Rich, Stay Rich
May 28, 2024 positive
Insight
Housel: Leave children enough money for opportunity, not identity-burdening excess
“You don't want the wealth that you pass your kids to burden them into a lifestyle that they don't want for themselves. You just want to be like, here's enough money so that you can have the leverage and the tools to find out who you want to be and live the lif…”
Morgan Housel May 28, 2024 ▶ 56:12 Morgan Housel: Get Rich, Stay Rich
May 28, 2024
Insight
Housel: Measuring personal human worth by net worth is profoundly dangerous
“Don't think that all poverty is due to laziness and don't think that all wealth is due to hard work. It's not. If you are just ranking people by their net worth and ranking their value by the net worth, that's probably the most dangerous thing you can do with …”
Morgan Housel May 28, 2024 ▶ 1:08:15 Morgan Housel: Get Rich, Stay Rich
Feb 18, 2025 negative
Insight
Unearned wealth traps people in a fearful scarcity mindset
“When people get money that they maybe didn't deserve or they didn't earn, then they're forever living in a scarcity mindset because they're afraid of losing it. Because if you have something that you covet that you have no way of getting back if you lose it, t…”
David Heacock Feb 18, 2025 ▶ 1:28:11 David Heacock: Building Filterbuy
Jan 20, 2026 neutral
Insight
Housel: Wealth Cannot Increase Relationship Happiness Because Foundational Joys Are Free
“And so the things that make my wife and I happy, we like walking our dog, and we like that 10 years ago as much as we do today. And even before we had a dog, we like going for walks and doing this. We like laughing and talking about things in one. It's things …”
Morgan Housel Jan 20, 2026 ▶ 1:00:06 Morgan Housel: Wealth is What You Have Minus What You Want
Jan 20, 2026 neutral
Insight
Housel: Primary Home Equity Gains Are Phantom Wealth Unless You Relocate
“The equity that you build isn't really wealth because you, when you sell that house, you probably have to buy another one that went up in value just as much. And unless you are moving to a cheaper city, which of course that happens, You're not getting any bene…”
Morgan Housel Jan 20, 2026 ▶ 27:25 Morgan Housel: Wealth is What You Have Minus What You Want
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