
About this episode
Measuring wealth is easy. You just count it up. Measuring some of the downsides of wealth is so much harder and more nuanced. They can be so nuanced and hard to measure that many people won’t even believe they exist. A downside to wealth? How could that possibly be?
Let me propose that the absurdity of talking about the downside of wealth is part of why wealth doesn’t tend to make people as happy as they thought it would.
When the benefits of money are so obvious but the downsides are so subtle, the downsides you didn’t anticipate can be more jarring than the benefits you expected.
I want more money, of course. Almost everyone does, albeit for different reasons.
This is not an anti-wealth list -- just a collection of subtle downsides that are easy to ignore, and so common you may as well call them the only true laws of getting rich.
Get every episode summarized
Each time The Morgan Housel Podcast publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Morgan Housel Podcast

AI Optimism and the Agony of Waiting
The Morgan Housel Podcast

The Richer You Get, The Easier It Is To Imagine Something Better
The Morgan Housel Podcast

$40 Trillion National Debt (And Some Important Context)
The Morgan Housel Podcast

The Sociology of Money: Be Careful Who You Socialize With
The Morgan Housel Podcast