Top 15 Morgan Housel Quotes

It's hard to know who you are and what you're capable of without some degree of independence.

Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.

Money’s greatest intrinsic value — and this can’t be overstated — is its ability to give you control over your time.

Spending money to show people how much money you have is the fastest way to have less money.

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.

Things that have never happened before happen all the time.

Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.

Saving is the gap between your ego and your income.

Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome.

Controlling your time is the highest dividend money pays.

Napoleon’s definition of a military genius was, “The man who can do the average thing when all those around him are going crazy.

Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.

progress happens too slowly to notice, but setbacks happen too quickly to ignore.

doing something you love on a schedule you can’t control can feel the same as doing something you hate.

I love Voltaire’s observation that “History never repeats itself; man always does.