Below, you’ll find a few quotes and thoughts by one of my favourite financial writers, Morgan Housel. Read this guy, his writing and views are enlightening.

Golden Nuggets

Past a certain level of income, what you need is just what sits below your ego. One of the most powerful ways to increase your savings isn’t to raise your income, but your humility.

The value of wealth is relative to what you need. Since people require vastly different amounts of spending to get by each month, $1 of savings to one person is worth something totally different to another.

Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself.

What most people want out of savings is freedom and control. Less worry. Something to free up mental bandwidth from the “what if?” scenarios that narrate our money worries and desires. What many people really want from money is the ability to stop thinking about money. To stop caring about it so they can think about other stuff. (here)

The solution, particularly after basic needs are met, is actively seeking contentment with what you have. That doesn’t mean you stop saving, stop putting in the effort, stop sacrificing. It means you come to terms with the idea that the outcome isn’t a fountain of happiness. So if you’re going to grind, you better damn well enjoy the process.

You can find the above here and here.

Read also the 4 fundamental skills of investing (here).