Wealth | Morgan Housel x Grab

Episode 2: Wealth 

Spending money is easy, saving is hard. But what if we reframed “saving” to buying time and independence? Would that make saving easier? 

In this episode, Morgan Housel shares how money is not just a means to instant gratification and buying yourself nice things. It empowers you to have control over your life – being able to do what you want, when you want, and living life to the fullest without worry. 

And that’s the power of money and wealth. It gives you independence.

Key takeaways

  • Adopt a long-term view – build wealth to gain independence and control over your time
  • Appreciate the value in money saved and not spent
  • Current thinkers spend money to enjoy the present moment
  • Future thinkers save and grow their money to benefit the rest of their lives and become independent

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.

What’s next?

How much is “enough”? 

What’s the best way to find contentment while hustling hard?

Don’t miss the next episode.

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Komsan Chiyadis

GrabFood delivery-partner, Thailand

Komsan Chiyadis

GrabFood delivery-partner, Thailand

COVID-19 has dealt an unprecedented blow to the tourism industry, affecting the livelihoods of millions of workers. One of them was Komsan, an assistant chef in a luxury hotel based in the Srinakarin area.

As the number of tourists at the hotel plunged, he decided to sign up as a GrabFood delivery-partner to earn an alternative income. Soon after, the hotel ceased operations.

Komsan has viewed this change through an optimistic lens, calling it the perfect opportunity for him to embark on a fresh journey after his previous job. Aside from GrabFood deliveries, he now also picks up GrabExpress jobs. It can get tiring, having to shuttle between different locations, but Komsan finds it exciting. And mostly, he’s glad to get his income back on track.