The Art of Spending w/ Morgan Housel #1091

Spending money is EASY… it’s the saving and investing that’s hard, right!? Not necessarily. Our guest today isn’t going to judge your spending habits, but he does want to help you learn what’s worth wanting. Morgan Housel wrote what many consider to be the most compelling money book in recent memory, The Psychology of Money. His new book is called The Art of Spending Money and a few of the ideas covered today:

 

• Spending is the ultimate purpose of money
• Independence is the most important thing money can buy
• Understanding the difference between internal and external benchmarks is crucial
• Identity should not be tied to financial metrics
• How inconsistent spending habits can lead to happiness
• Cultural shifts have changed how we view money and success
• Finding purpose beyond money is essential for a fulfilling life
• And plenty more!

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

• Credit card perks: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
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• Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
• Money Gears: knowing what to do with your money is crucial to your personal finance journey.
• MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.

 

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