Spending money is EASY… it’s the saving and investing that’s hard, right!? Not necessarily. Our guest today isn’t going to judge your spending habits, but he does want to help you learn what’s worth wanting. Morgan Housel wrote what many consider to be the most compelling money book in recent memory, The Psychology of Money. His new book is called The Art of Spending Money and a few of the ideas covered today:

 
Spending is the ultimate purpose of money
Independence is the most important thing money can buy
Understanding the difference between internal and external benchmarks is crucial
Identity should not be tied to financial metrics
How inconsistent spending habits can lead to happiness
Cultural shifts have changed how we view money and success
Finding purpose beyond money is essential for a fulfilling life
And plenty more!

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Credit card perks: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
Other money nerds: Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Money Gears: knowing what to do with your money is crucial to your personal finance journey.
MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.

 

Please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

Best friends out!

Spending money is EASY&hellip; it&rsquo;s the saving and investing that&rsquo;s hard, right!? Not necessarily. Our guest today isn&rsquo;t going to judge your spending habits, but he does want to help you learn what&rsquo;s worth wanting. Morgan Housel wrote what many consider to be the most compelling money book in recent memory, <a href="https://amzn.to/45VkX6X">The Psychology of Money</a>. His new book is called <a href="https://amzn.to/4sLiBl6">The Art of Spending Money</a> and a few of the ideas covered today:
&nbsp;
<ul>
<li aria-level="1">Spending is the ultimate purpose of money</li>
<li aria-level="1">Independence is the most important thing money can buy</li>
<li aria-level="1">Understanding the difference between internal and external benchmarks is crucial</li>
<li aria-level="1">Identity should not be tied to financial metrics</li>
<li aria-level="1">How inconsistent spending habits can lead to happiness</li>
<li aria-level="1">Cultural shifts have changed how we view money and success</li>
<li aria-level="1">Finding purpose beyond money is essential for a fulfilling life</li>
<li aria-level="1">And plenty more!</li>
</ul>
&nbsp;
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
<ul>
<li aria-level="1">Credit card perks: Check out <a href="https://go.nextcard.com/shau19-htmomny">our favorite credit cards</a> that we use to maximize rewards and optimize our spending.</li>
<li aria-level="1">Other money nerds: Find a thriving community of fellow money nerds by joining the <a href="https://www.facebook.com/groups/1623670287732189">HTM Facebook group!</a></li>
<li aria-level="1">Newsletter: Sign up for the weekly <a href="https://www.howtomoney.com/newsletter/">HTM newsletter</a>. It&rsquo;s fun, free, &amp; practical.</li>
<li aria-level="1">Money Gears: knowing <a href="https://www.howtomoney.com/start-here/">what to do with your money</a> is crucial to your personal finance journey.</li>
<li aria-level="1">MG7: and maybe you&rsquo;re well on your way to financial independence but you&rsquo;re looking for some financial reassurance, that&rsquo;s when heading over to <a href="http://www.howtomoney.com/advisor">HowToMoney.com/Advisor</a> and getting matched with a highly vetted financial advisor makes sense.</li>
</ul>
&nbsp;
Please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you&rsquo;re not already a regular listener, and <a href="https://podcasts.apple.com/us/podcast/how-to-money/id1337718773?mt=2">give us a quick review in Apple Podcasts</a> or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
&nbsp;
Best friends out!

Best friends Joel and Matt are the co-hosts of How to Money which is all about providing the knowledge & tools that normal folks need to thrive in areas like debt payoff, DIY investing, and crucial money tricks that will provide continuous help along your journey. We believe that access to unbiased and jargon-free personal finance guidance is more necessary than ever before. When you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money

The Art of Spending w/ Morgan Housel #1091

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4d1b1e36-da3c-49d3-a95b-b3d201428a4a/transcript