How do you spend money in ways that actually make life better?

Morgan Housel, author of the new book The Art of Spending Money, explores status vs. satisfaction, the hedonic treadmill, and why money’s best use is buying independence.
We also cover quiet compounding, a practical 15-stage path to financial freedom, when to spend vs. save, helping kids without spoiling them, and small experiments that raise the utility of every dollar.

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TIMESTAMPS

0:00 Intro

2:29 Who’s The Book For?

5:49 There’s No Universal Formula

12:59 What People Want

19:36 Money as a Curse

22:03 Taking a Step Off

26:59 Holding vs Spending

30:26 Identity Traps

33:50 Secret to Contentment

37:32 External vs Internal Benchmarks

40:41 Making an Impact

42:37 Social Debt

50:51 Quiet Compounding

55:10 Financial Freedom

1:02:20 Money & Parenting

1:09:48 Balancing Saving & Spending

1:14:44 Small Purchases

1:16:59 Trying New Things

1:19:29 Morgan’s Financial Decisions

1:21:37 Closing & Disclaimers

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RESOURCES

Morgan Housel

https://x.com/morganhousel?lang=en

The Art of Spending Money

https://www.amazon.com/Art-Spending-Money-Simple-Choices/dp/0593716620

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