Avoiding the Pitfalls of Success: How to Stay Grounded & Connected | Morgan Housel EP 621

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 893 Ratings

🗓️ 21 May 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Morgan Housel argues that the tangible, quantitative nature of money often causes people to focus greedily on accumulating it rather than intangibly, yet more importantly, strengthening relationships and social bonds. He notes the blindness fertile ground for social debt, as flashy displays intended to impress can instead foster envy, advising avoiding behaviors that lead to resentment. Housel emphasizes marriages evolving beyond pragmatic partnerships to bonds of love filled with unrealistic expectations of problem-solving and emotional support. Ultimately, he contends sustainable relationships stem from spouses devotionally bettering each other's lives without expectation of reciprocity.

Transcript

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0:00.0	Hi my name is Lewis Howes and welcome to the Daily Motivation Show.
0:07.0	So once you started making an abundance more money than you had before, did you feel social debt?
0:18.4	Did you feel people reaching out to you?
0:20.2	Did you feel more non-profits saying, hey, donate, friends, family? Did you feel more nonprofits saying hey donate friends family?
0:24.1	Did you feel this responsibility to give in certain ways? What happened to you?
0:27.9	I feel like by and large the answer is no because I don't think I have any close friends who I didn't know before the books came out,
0:36.0	which was really important.
0:37.3	We live in the same house with the same neighbors, the vast majority of whom don't even know
0:41.2	that I'm an author, which is great.
0:43.2	I love that, that everyone just treats you normally.
0:46.7	They've either known you for so long,
0:48.4	or they don't know what you do to treat you normally.
0:50.8	There's this great quote from Matt Damon where he says the day that you become
0:54.1	famous you retard socially and emotionally. Really? Because everyone treats you
0:59.1	differently. Most social growth happens when you get treated poorly or you don't get what you want.
1:05.6	Maybe it's in a breakup or you know you get humiliated somehow and then you grow socially.
1:10.5	You have to develop yourself. But if you're surrounded by Yes Men and people who just want something out of you, it's different.
1:16.4	I'll tell you one experience ahead in this.
1:18.6	At Collaborative Fund, where I work, years ago I used to be active on the deal side, making venture capital investments.
1:24.4	And I noticed that when a founder was talking to me and pitching to me,
1:28.8	the way that they treated me, totally different.
1:31.6	All of a sudden, every one of my jokes was funnier than it
	...

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