"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."
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Key Lesson from "Psychology of money" written by Morgan Housel
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No one is impressed with your possessions as much as you are. You might think that you want a fancy car or a 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 or chrome.
No one is impressed with your possessions as much as you are.
People tend to want wealth to signal to others that they want to be liked and admired. But in reality, those other people often bypass admiring you, not because they don’t think wealth is admirable, but because t...
When purchasing a new flashy phone or car, we tend to overestimate its social benefits and think that we would be admired.
Most people who notice the nice stuff are imagining it having themselves, not giving you any importance because you own it. Buy stuff for yourself, no...
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