How To Handle the Feeling of Never-Enough, Quiet the Comparing Mind, and Reduce Financial Anxiety | Morgan Housel
10% Happier with Dan Harris
10% Media, LLC
4.6 • 12.9K Ratings
🗓️ 23 February 2026
⏱️ 74 minutes
🧾️ Download transcript
Summary
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
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Transcript
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| 0:00.0 | This is the 10% Happier Podcast. I'm Dan Harris. |
| 0:18.2 | Hey, hey, everybody. How we doing? |
| 0:23.9 | We are coming back today to a subject that I personally find inexhaustibly interesting and that I will never want to stop talking about, or at least I don't think I will. |
| 0:30.3 | And that subject is money anxiety. Money is just such a powerful source of suffering and neuroses in my life and in so many of our lives. |
| 0:42.9 | And so today I'm going to talk to one of the smartest people I know on this subject about how to use money in ways that can actually boost and bolster your happiness instead of sapping your well-being. |
| 0:54.9 | Just to say, and you're going to hear me address this right at the top of the interview, |
| 0:59.0 | this is not just a conversation for people who have a lot of money. |
| 1:03.4 | This is for everyone. |
| 1:04.6 | We all have to interact with money unless we're Buddhist monks or something like that. |
| 1:09.3 | And so how can we do this with a level of sanity? |
| 1:13.5 | And even, and this is the tantalizing proposition my guest holds out, even interact with money |
| 1:18.4 | as a neutral tool that can actually make us happier. Said guest is Morgan Housel. This is |
| 1:24.5 | Morgan Housel's second appearance on the show. You may have heard of him. He's the author of |
| 1:29.9 | the huge New York Times bestselling book, The Psychology of Money. He's now back with a new book |
| 1:34.8 | called The Art of Spending Money. In this conversation, we talk about what our seemingly irrational |
| 1:40.5 | spending habits really tell us, how to manage your money ambition with some degree of |
| 1:46.0 | sanity, how to use scarcity to your advantage, a useful equation for finding contentment, the key |
| 1:52.4 | defense against envy, how to minimize future regret, why young people should check their |
| 1:58.0 | bank accounts more often, how to talk to your children about money, |
| 2:01.3 | how to separate yourself worth from your financial worth, and much more. I mentioned the word |
| 2:07.2 | sanity. If you're interested in sanity, I've got a meditation app for you. It's called 10% with |
| 2:11.5 | Dan Harris. You can sign up at Danharris.com. There's a free 14-day trial. If you want to check |
... |
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