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TIP759: The Art of Spending Money w/ Morgan Housel
Episode 1100
On today’s episode, Clay is joined by Morgan Housel to discuss his newest book, The Art of Spending Money — Simple Choices for a Richer Life.
Morgan Housel is a partner at The Collaborative Fund. He's the New York Times Bestselling author of The Psychology of Money and Same As Ever. His books have sold over 8 million copies and have been translated into more than 50 languages. He also serves on the board of directors at Markel.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro 02:04 - The intersection of money and happiness 06:08 - Why Buffett’s inner scorecard can empower us to use money as a tool instead of letting money use us 20:40 - Why the happiest people we know are oftentimes the most content 28:40 - Why chasing status is a game you’ll never be able to win 30:34 - Dopamine’s role in how we spend our money 35:27 - Why not all of our big spending decisions need to be run through a spreadsheet 38:06 - The shocking story of how the Vanderbilts lost billions of dollars due to social debt 46:46 - Why Morgan highly prioritizes spending money on independence And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Morgan’s new book: The Art of Spending Money.
- Morgan’s other books: Same as Ever and The Psychology of Money.
- Morgan’s Podcast.
- Related Episode: TIP351: The Psychology of Money w/ Morgan Housel.
- Related Episode: TIP602: Same as Ever w/ Morgan Housel.
- Follow Morgan on X.
- Follow Clay on LinkedIn & X.
- Related books mentioned in the podcast.
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Published on 2 months, 3 weeks ago