Episode 3: Enough
Looking for a higher salary, new side hustles, or just methods to boost your income?
But did you know that your happiness is not dependent on your income alone? Your ability to feel content with what you have is an important part of the equation too. Yet it often goes overlooked.
Nothing saps happiness faster than feeling like you haven’t got enough.
Morgan Housel shares how a practical shift in mindset can help you grasp that elusive sense of having “enough”, and find lasting joy with what you have in the present.
- All happiness is rooted in expectations – what you expect of your income and your quality of life
- Being happy with your money = income – expectations
- To be happy, it’s key to keep expectations in check, to ensure that it grows more modestly than your income
About the series
What is money to you?
This exciting 7-part mini-series explores the way we think about our money. Because our relationship with our money affects every financial decision, big or small.
This includes how we save and spend – whether we pay in full or in instalments, chart our money growth, or even get that cup of bubble tea.
Interestingly, most of our decisions are driven not only by what we know, our intricate plans and calculations, but are keenly motivated by how we think and act – our moods, past experiences, interaction with external incentives, and a whole lot of other factors.
That’s why it’s so important to build the right money mindset to set you up for financial success.
About the speaker
Morgan Housel, an award-winning author of the book “The psychology of money”, is a financial writer, investor, and former columnist at The Motley Fool and The Wall Street Journal. He is currently a partner at Collaborative Fund, a venture capital company.
How well do you tolerate discomfort? What about when it comes to investing?
Find out why that matters in the next episode!