Welcome to the 3rd edition of The Wealth Letters, where Founders Podcast meets Letters of Note. Read or listen to the letters written by people of all walks of life, on building wealth & finding true happiness.

If you haven’t done so, please read or listen to the manifesto before diving in to the collection, as it will give a clear vision of the project; the Who, What, and Why.

The following letter was written by Morgan Housel on June 19, 2020. The letter was written for his daughter, who was born on June 3rd, 2019. His letter was released to his readers on cnbc.

Housel is a partner at The Collaborative Fund. His book, The Psychology of Money, has sold over two million copies and has been translated into 52 languages.

He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He serves on the board of directors at Markel. Learn more about Morgan at MorganHousel.com.

Objectives / Overview:

* The role of chance in life

* How to control time

* Frugality

* Little things still can equate to success

* Living below your means

* It’s okay to change your mind

* Opportunity costs of decisions

* Money vs. success

* Due diligence on advice received

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