Bankless The Art of Spending Money: How to Get Rich and STAY Rich | Morgan Housel
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Oct 6, 2025 
Morgan Housel, an author and financial writer known for his insights on the psychology of money, dives into how to spend wisely for true happiness. He discusses the importance of distinguishing between status-driven spending and genuine satisfaction. Housel sheds light on the concept of the hedonic treadmill, revealing how chasing status can lead to dissatisfaction. He also shares practical advice on buying independence, compounding quietly, and helping kids develop a healthy financial mindset without spoiling them. A thought-provoking take on spending and financial freedom!
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Money's Measurability Creates Illusions
- Money is easy to overvalue because it is perfectly quantifiable and lets you measure progress objectively.
- That measurability makes people assume money will fill personal holes it often cannot fix.
Spending Is Personal, Not A Spreadsheet
- Spending choices are an art because preferences arise from unique personal histories and psychological scars.
- No universal spreadsheet tells you whether clothes, cars, or houses will satisfy you.
Tuition As A Trophy
- A family friend who grew up penniless urged his daughter to pick the most expensive college to signal he had 'made it'.
- His tuition-as-trophy choice shows how past scarcity creates irrational spending trophies.