Morgan Housel: Money Control Time

Posted by admin on Tuesday, February 21, 2023

Meaning of Morgan Housel Money Quote: saying having money means that you can control how you spend your time, based on what makes you happy. Morgan Housel said:

 

 

“Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance” — Morgan Housel

 

 

In this quote, Morgan Housel is saying that using money strategically can help gain more control over one’s time. When a person has financial resources, they have more freedom to choose how to spend their time – on activities, with people, for durations that they personally find meaningful and that bring them happiness. Housel argues that having this sense of autonomy and control over one’s schedule is extremely valuable for well-being and life satisfaction.

Therefore, gaining financial independence through wise money management can generate high returns in terms of quality of life, even if it does not directly earn high monetary returns. The key message is that money allows greater personal agency over how time is spent, and this ability to self-determine one’s schedule is closely tied to happiness.

Prince Philip: Moon Wasting Money

Posted by admin on Friday, April 9, 2021

Prince Philip Money Quote saying as the Duke of Edinburg on the U.S. Apollo program being a waste of money because there’s little return on the investment. Prince Philip said:
 

 

“It seems to me that it’s the best way of wasting money that I know of. I don’t think investments on the moon pay a very high dividend” — Prince Philip

 

 

In this quote, Prince Philip seems to be criticizing investments and spending related to space exploration, particularly on the moon. He suggests that such investments do not generate a good return (“pay a very high dividend”) compared to the large amounts of money spent.

In other words, his view is that exploring the moon is an expensive way to “waste money” since it does not lead to profitable outcomes or a good return on the investment.

Birthday: June 10, 1921 – April 9, 2021