Aakash Talks Finance

Books on Money | The Psychology of Money Ep. 10


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What's the difference between being wealthy and rich? Being wealthy is hidden and dynamic, being rich is out in the open and static. If you bought a car for $100,000, you're richer by $100,000, but you're less wealthy by $100,000. That's the lesson in this chapter of Morgan Housel's book. We only see richness, we never see wealth. But if you look deep enough you see the sacrifices that led to riches, those sacrifices are true wealthy. 

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Aakash Talks FinanceBy aakash