In this episode of The Huberman Lab Podcast, Morgan Housel, author of The Psychology of Money, unpacks the complex relationship between wealth and happiness, explaining why money is a tool, not an end goal. He explores how personal experiences shape financial decisions, why the pursuit of freedom often conflicts with the chase for wealth, and how credit fuels impulsive spending that rarely addresses deeper emotional needs. While money can reduce stress and enable joyful experiences, Housel argues that true wealth lies in a balance of independence, purpose, and meaningful relationships. He also examines the social media-driven culture of comparison, which fosters insecurity and a relentless desire for more. Shifting the focus to legacy, Housel underscores the importance of "eulogy virtues" — the values we leave behind — over "resume virtues" like career achievements. Ultimately, he reminds us that life isn’t about chasing numbers but nurturing connections, health, and purpose. This insightful episode challenges listeners to rethink their relationship with money and focus on what truly matters.

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