Chapter
The 1% We Aren't Seeing
14:24 - 18:26 (04:02)
The concept of the top 1% being only a group far away from the rest of us is flawed. In fact, many people making ordinary salaries could be considered wealthy compared to a large part of the world's population.
Clips
The speaker discusses the psychological impact of wealth on individuals, emphasizing that the experience is universal regardless of income level.
14:24 - 16:58 (02:33)
Psychology
Summary
The speaker discusses the psychological impact of wealth on individuals, emphasizing that the experience is universal regardless of income level.
ChapterThe 1% We Aren't Seeing
Episode#142 - Morgan Housel - How To Create & Manage Your Personal Wealth
PodcastModern Wisdom
The distinction between being rich and wealthy is discussed, with a focus on the importance of saving money.
16:58 - 18:26 (01:28)
Wealth
Summary
The distinction between being rich and wealthy is discussed, with a focus on the importance of saving money. Income alone does not make someone wealthy, as someone who makes a lot of money but spends it all is not truly wealthy.