Chapter
Detaching From Other People's Benchmarks
1:59:33 - 2:04:43 (05:10)
The only way to achieve true financial independence is by detaching from societal expectations and goals, and instead focusing on personal happiness and fulfillment.
Clips
Cash reserves can play an important role in an investment portfolio by acting as a buffer during bear markets and providing flexibility for strategic investing.
1:59:33 - 2:00:40 (01:06)
Summary
Cash reserves can play an important role in an investment portfolio by acting as a buffer during bear markets and providing flexibility for strategic investing.
ChapterDetaching From Other People's Benchmarks
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
In order to truly live the life you want, detachment from other people's benchmarks and focusing solely on your own happiness is crucial.
2:00:40 - 2:02:29 (01:49)
Summary
In order to truly live the life you want, detachment from other people's benchmarks and focusing solely on your own happiness is crucial. This can even include detaching from financial benchmarks to prioritize true fulfillment.
ChapterDetaching From Other People's Benchmarks
Episode#576: Morgan Housel — The Psychology of Money, Picking the Right Game, and the $6 Million Janitor
PodcastThe Tim Ferriss Show
Morgan Housel discusses the role psychology plays in our relationship with money, from the desire to show off our success to the importance of recognizing that no one is thinking about our finances as much as we are.
2:02:29 - 2:04:43 (02:14)
Summary
Morgan Housel discusses the role psychology plays in our relationship with money, from the desire to show off our success to the importance of recognizing that no one is thinking about our finances as much as we are.