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đ The Art of Spending Money
Simple Choices for a Richer Life by Morgan Housel
âYou want to get to a point where you are living in a humble bubble.â
Money isnât just for earning or investingâitâs 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 happinessânot status or applause.
Investor Chris Davis â who serves on the board of Berkshire Hathaway and Coca-Cola â says The Art of Spending Money is ânot so much a sequel as the masterful, Oscar-worthy completion ofâ Houselâs first book, The Psychology of Money, which sold over 7 million copies.

FROM THE AUTHOR
Common Denominators in the Book
1ď¸âŁ âThere 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.â
2ď¸âŁ âMoney is a tool you can use. But if youâre not careful, it will use you. It will use you without mercy, and often without you even knowing it.â
3ď¸âŁ âSpending money can buy happiness, but itâs often an indirect path. Money itself doesnât buy happiness, but it can help you find independence and purpose â both key ingredients for a happier life if you cultivate them.â
4ď¸âŁ âEnduring 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 itâs likely youâve found yourself with an obsession, where it controls you.â
5ď¸âŁ âIf youâre confused about what a better life would look like, âone with more moneyâ is an easy assumption. But that can sometimes mask deeper problems.â
6ď¸âŁ âEveryone 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.â
INSIGHTFUL EXAMPLE
Artful Financial Choices
When Morgan and his wife bought their first house, the decision wasn't just a spreadsheet calculationâit 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 purchasesâlike a houseâare rarely just about getting the âbest valueâ 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 âartfulââwhere 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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