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Frugal vs. Independent · Collab Fund

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Not wanting something to begin with because you get your pleasure and identity from sources that can’t be purchased is something entirely different. The best word for it is probably independent. Most people are wired to seek status and success, not necessarily happiness. It’s remarkable to watch someone fight back against that trend. From the outside they appear frugal. But in fact they’ve rejected what the world tells them they should want and looked deeper, finding their happiness elsewhere. Last week it was revealed that Geoffrey Holt – a single, childless, 82-year-old man who lived in a trailer park in rural New Hampshire – died and left $3.8 million to his town. That a humble man described as spending his day “sitting on his riding mower in the trailer park” was secretly a multi-millionaire shocked everyone who knew him – and apparently Holt was so unremarkable that few people actually knew him. I highlighted a similar story in my book, The Psychology of Money. Ronald Read was a j

Frugal vs. Independent Nov 28, 2023 SHARE ↓ by Morgan Housel @morganhousel Copy Link Here’s an important distinction about people who spend less than they earn. Frugal, by my definition, means depriving yourself of something you want and could afford. Not wanting something to begin with because you get your pleasure and identity from sources that can’t be purchased is something entirely different. The best word for it is probably independent. Most people are wired to seek status and success, not necessarily happiness. It’s remarkable to watch someone fight back against that trend. From th

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