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The Art of Spending Money

The Morgan Housel Podcast

Asking $3 Questions When $30,000 Questions Matter

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The gap between struggle and what you have that actually brings joy to spending money. Too many people ask $3 questions, which is like can I afford a latte? When all that really matters with your money and your financial success are the $30,000 questions,. The historian named Syral Parkinson who coined this thing called Parkinson's Law of Triviality. And it states that the amount of attention that any problem gets is the inverse of its importance.

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