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The letter I wrote after my son was born said, “You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t. What you want is respect and admiration from other people, and you think having expensive stuff will bring it. It almost never does—especially from the people you want to respect and admire you.”
The Psychology of Money
Morgan Housel
Getting money requires taking risks, being optimistic, and putting yourself out there.
But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely.
The Psychology of Money
Morgan Housel
It’s hard to explain, but there’s a personal connection you get when you attend a live event that you don’t get when listening to or watching a recording. There’s something about hearing a presenter speak live that is more impactful than many other mediums—even if they contain the exact same content.
People who hear you speak are much more likely to remember you and to feel like they have a personal connection with you. We remember the times we saw our favorite band in concert, but we don’t remember the times we listened to their albums.
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