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How to Be Rich in Spirit, Even When the Bank Account Says Otherwise!
12th November 2025 • The James Brown Commentary • James A. Brown
00:00:00 00:01:00

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We dive into a thought-provoking idea: you can have everything and still feel broke. That’s the nugget of wisdom from Morgan Housel, the author of *The Psychology of Money*. He brings a refreshing perspective on happiness and satisfaction, suggesting that when we picture a happier version of ourselves, it’s not about raking in more cash but rather feeling content with what we already have. Take his grandmother, for example – living on the edge of poverty but blooming with joy from her little garden and library books. It’s all about bridging the gap between what we have and what we want, and believe me, it’s a tricky dance! So, whether we’re trying to earn more or learn to want less, this episode is packed with insights that might just make us rethink our relationship with money and happiness. Let’s jump in and explore this together!

Takeaways:

  • Morgan Housel suggests that feeling financially broke can happen even with high incomes.
  • True happiness often comes not from more money, but from being satisfied with what you have.
  • The key takeaway is that the gap between what you have and what you want matters a lot.
  • You can either earn more money or learn to want less to feel more fulfilled.

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Companies mentioned in this episode:

  • Morgan Housel

Transcripts

Speaker A:

This is the Daily Note.

Speaker A:

I'm James A.

Speaker A:

Brown.

Speaker A:

You can have everything and still feel broke.

Speaker A:

That's what Morgan Housel, the author of the Psychology of Money, says.

Speaker A:

When you picture a happier version of yourself, you're not imagining more money.

Speaker A:

You're imagining being satisfied with it.

Speaker A:

His grandmother lived on the edge of poverty.

Speaker A:

She tended a small garden, read library books, and was one of the happiest people he knew.

Speaker A:

While many people who make six figures feel behind the difference is the gap between what you have and what you want.

Speaker A:

You can shrink it two ways earn more or want less.

Speaker A:

It's harder than it sounds and a lesson that I'm trying to learn myself.

Speaker A:

So what do you think?

Speaker A:

Let me know@jamesabrown.net or call me.

Speaker A:

-:

Speaker A:

On that note, I'm James A.

Speaker A:

Brown, and as always, be well.

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