The Art of Spending Money - by Morgan Housel (Hardcover)

About the Book

"From the bestselling author of The Psychology of Money and Same as Ever, lessons on harnessing the power of money to live a happier life Can money buy happiness? Yes. Can spending it make you happier? Absolutely. Yet, many of us struggle to unlock its full potential-either by spending on things that don't bring as much joy as they should or by avoiding investments that would truly enhance our mental well-being. In The Art of Spending Money, award-winning author Morgan Housel offers a refreshingly practical approach to managing wealth while finding deeper meaning and contentment. Instead of cookie-cutter financial advice, Housel provides you with psychological tools to navigate your personal relationship between money and optimizing for happiness. Discover why people often mistake envy for admiration, how to align your expectations with your income, and ways to invest in future happiness while avoiding regret. Learn about the dangers of social debt and embrace the radical idea that the fastest way to build wealth is by going slow. The Art of Spending Money delves into the complexities that surround money-envy, social aspirations, identity, and insecurity-crucial aspects often missed in traditional financial books. Armed with new insights into money and wealth, you'll learn to sidestep common spending traps, make smarter investing choices, and wield money to its fullest potential to enhance your enjoyment of life"-- Provided by publisher.

Book Synopsis

From the bestselling author of The Psychology of Money and Same as Ever, lessons on harnessing the power of money to live a happier life

Most of us don't know how to spend money. We chase things that impress others but leave us cold. Or we save endlessly, afraid to spend on what would actually make life better. We confuse admiration with envy, comfort with excess, and utility with status.

The Art of Spending Money doesn't provide budgets, hacks, or one-size-fits-all solutions. It gives you understanding of how your relationship with money shapes your decisions--and how to reshape it so money works for you.

Morgan Housel's work has helped millions rethink how they earn, save, and invest. Now he turns his attention to the other side of the equation: how to spend. With insight and warmth, he shows why the most valuable return on investment is peace of mind, why expectations matter more than income, and why doing well with money has less to do with spreadsheets and more to do with self-awareness.

This book isn't about getting rich. It's about getting the most out of what you already have--and learning to want what's worth wanting.

About the Author

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.