June 8, 2021

Getting the Goalpost to Stop Moving

This is one of the best pieces of writing I’ve read in a while:…

There aren’t many iron laws of money. But here’s one, and perhaps the most important: If expectations grow faster than income you’ll never be happy with your money. One of the most important financial skills is getting the goalpost to stop moving. It’s also one of the hardest.

And this:

Subconsciously or not, everyone looks around and says “What do other people like me have? What do they do? Because that’s what I should have and do as well.”

And this, I think, is a window into understanding why we yearn for the 1950s despite today being better by almost any measure.

Morgan Housel is really a great thinker and writer. So much here to ponder.