Monday, June 9, 2025 – 01:58 Wib
Yakarta, alive – Many people want to be rich, but not all understand exactly the meaning of the rich themselves. In a book called Money psychologyMorgan Housel explains the difference between rich (rich) and prosperity (can).
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Housel’s book often becomes a reference in discussions on financial behavior, even the personal financial training session by consumers educators. In addition to Robert Kiyosaki’s popular book entitled Poor dad dad.
One of the amazing quotes in this book is “when people say they want to be millionaires, what they mean is” I want to spend a million dollars. “And that is the opposite of being a millionaire.” That is, true wealth is not what is seen but money that is not spent.
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According to Housel, wealth (can) It is a financial asset that has not become consumer items, such as cars, clothing or luxury items. On the contrary, rich (rich) only reflects the current income.
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In other words, being prosperous means having money or savings that are not spent in the long term. This phenomenon is agreed by family educators and consumers who highlight the habit of the community in estimating income and expenses.
“Many people exaggerate their income and underestimate how much they spend,” said Housel, cited Coshocton Tribune On Saturday, June 7, 2025.
He compared this with the calorie consumption pattern carried out by the majority of the population of the United States (USA). American residents often think they have burned many calories and underestimated the calorie content in food. In fact, they only eliminate some calories from the amount that enters the body.
A similar thought also occurs in daily financial management. Many people feel that their income is high, but they forget to calculate daily expenses. As a result, the culture of saving and frugal life (frugal life) is destroyed due to lifestyle.
Ironically, the 2019 survey of 150,000 people in 140 countries showed that US citizens despite living in the richest country in the world feel more stressed and worried than other countries. This is due to time management (time management) that is not good.
“The research shows that it has control over time, starting with doing what we want, when we want, who we want, it is a variable lifestyle that makes people happier,” Houseel wrote.
This statement shows the importance of the ability to control the time to obtain the maximum benefit of the money it has. This opinion is strengthened by Gerontologist Research Karl Pillemer, who interviewed 1,000 American elders.
As a result, most elders do not recommend working hard to buy luxury products. The things that are considered important are quality time with family, union and significant life.
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He compared this with the calorie consumption pattern carried out by the majority of the population of the United States (USA). American residents often think they have burned many calories and underestimated the calorie content in food. In fact, they only eliminate some calories from the amount that enters the body.
