Why can't we stop when we have enough? The Psychology of Money #4

About this episode

Many people think that if they earn enough and climb high enough, they'll live a happy life. But Morgan Housel, author of The Psychology of Money, reminds us: the most dangerous moment in life is often not when you have nothing, but when you already have a lot and still won't stop.

In this fourth episode of the series, we talk about "enough," the hardest financial skill in the world.

You'll hear: • Why a highly successful former McKinsey chief worth hundreds of millions of dollars ended up in prison because he "still wanted more" • Why social comparison is the real reason people are never satisfied • Why Warren Buffett hasn't moved house in 60 years, while another billionaire was ruined by the mansion he built • Why, when your income keeps rising and your spending rises with it, you end up more anxious and less happy • And a story about "five balls": some things, once lost, can never be recovered

This episode isn't asking you to stop trying to be better; it's an invitation to rethink what "already enough" means.

Because real wealth isn't chasing the next number, but knowing how to protect the life assets that, once lost, can't be undone.

The episode is in Mandarin Chinese. These notes are translated from my original show notes.