Scarcity, habituation, and maximizing pleasure

A financial psychology expert on the science of contentment.

Morgan Housel is the New York Times Bestselling author of The Psychology of Money and Same As Ever. He's a partner at The Collaborative Fund, serves on the board of directors at Markel and is host of The Morgan Housel Podcast. His new book is The Art of Spending Money: Simple Choices for a Richer Life.

In this episode we talk about:

• What "irrational" spending habits really tell us
• How to manage money ambition with sanity
• How to use scarcity to your advantage
• A useful equation for finding contentment
• The key defense against envy
• How to minimize future regret
• Why young people should check their bank accounts more often
• How to talk to your kids about money
• How to disconnect self-worth from financial worth
• And more

Related Episodes:

• The Psychology of Money | Morgan Housel

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