TIP759: The Art of Spending Money w/ Morgan Housel
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Outro
Closing credits, where to find show notes and transcripts, and standard podcast disclaimers.
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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