📖 The Art of Spending Money

Simple Choices for a Richer Life by Morgan Housel

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“You want to get to a point where you are living in a humble bubble.”

— Morgan Housel​

Money isn’t just for earning or investing—it’s for enjoying life.

In The Art of Spending Money, Morgan Housel explores why spending is subjective art, not hard science. Forget the formulas and one-size-fits-all advice: he guides readers to discover personal spending choices that bring real happiness—not status or applause.

Investor Chris Davis – who serves on the board of Berkshire Hathaway and Coca-Cola – says The Art of Spending Money is “not so much a sequel as the masterful, Oscar-worthy completion of” Housel’s first book, The Psychology of Money, which sold over 7 million copies.

FROM THE AUTHOR
Common Denominators in the Book

1️⃣ “There are two ways to use money. One is as a tool to live a better life. The other is as a yardstick of status to measure yourself against others.”

2️⃣ “Money is a tool you can use. But if you’re not careful, it will use you. It will use you without mercy, and often without you even knowing it.”

3️⃣ “Spending money can buy happiness, but it’s often an indirect path. Money itself doesn’t buy happiness, but it can help you find independence and purpose – both key ingredients for a happier life if you cultivate them.”

4️⃣ “Enduring happiness is found in contentment, so those happiest with money tend to be those who have found a way to stop thinking about it. You can value it, appreciate it, even marvel at it. But if money never leaves your mind it’s likely you’ve found yourself with an obsession, where it controls you.”

5️⃣ “If you’re confused about what a better life would look like, “one with more money” is an easy assumption. But that can sometimes mask deeper problems.”

6️⃣ “Everyone can spend money in a way that will make them happier. But there is no universal formula on how to do it. The nice stuff that makes me happy might seem crazy to you, and vice versa. Debates over what kind of lifestyle you should live are often just people with different personalities talking over each other.”

INSIGHTFUL EXAMPLE
Artful Financial Choices

When Morgan and his wife bought their first house, the decision wasn't just a spreadsheet calculation—it was a heart decision, too. They looked at listings, crunched numbers, and rationalized every detail. But ultimately, they picked the home that felt right for their family, even though logic might have pointed them elsewhere. This taught Morgan that money decisions are always two parts: head and heart.

He emphasizes that big purchases—like a house—are rarely just about getting the “best value” on paper. They're about creating a life, building memories, and feeling at home. So, in the book, Morgan suggests that the most satisfying spending is “artful”—where financial choices align with personal meaning and emotional fulfillment, not just cold calculation

BOOK FACTS
The Art of Spending Money

  • First published: Oct. 7, 2025

  • Print length: 256 pages

  • Listening length: 5:53

  • Ratings: Coming soon

FROM THE AUTHOR

WORTH WATCHING
What is a Humble Bubble?

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