TIP759: The Art of Spending Money w/ Morgan Housel
We Study Billionaires - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 10 October 2025
⏱️ 73 minutes
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Summary
Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:02.9 | On today's episode, we bring back Morgan Housel to discuss his newest book, The Art of Spending Money, Simple Choices for Richer Life. |
| 0:11.2 | Morgan needs no introduction to our listeners. He's the New York Times best-selling author of |
| 0:15.9 | The Psychology of Money and same as ever, and his books have sold over 8 million copies. |
| 0:21.0 | He also serves on the board of directors at Markell. |
| 0:23.9 | During this episode, we discussed the intersection of money and happiness, why Buffett's |
| 0:27.9 | inner scorecard can empower us to use money as a tool instead of letting money use us, |
| 0:32.9 | why the happiest people we know are oftentimes the most content, why chasing status is a game you'll never |
| 0:38.3 | be able to win, why not all of our big spending decisions need to be run through a spreadsheet, |
| 0:43.0 | the shocking story of how the Vanderbiltz lost billions of dollars due to social debt, |
| 0:47.6 | why Morgan highly prioritizes spending money on independence, and so much more. |
| 0:52.1 | During the last 15 minutes or so after I let Morgan go, I also |
| 0:55.5 | took some time to share some of my biggest lessons from reading the book. You know, money is one of |
| 1:00.0 | those really fascinating things where most people naturally assume that they would be better off |
| 1:04.7 | if they had more money. But as Morgan highlights, some of the most financially successful people |
| 1:09.3 | also turn out to be incredibly |
| 1:11.1 | miserable. So there's more to it than what meets the eye, and the psychology of why we spend |
| 1:16.3 | money the way we do is critical to understand. Anyways, the book was super fascinating, and I |
| 1:21.4 | enjoy chatting with Morgan about it, so I definitely encourage our listeners to go pick it up. |
| 1:26.0 | Without further delay, I hope you enjoy today's conversation with Morgan Hausel. |
| 1:34.0 | Since 2014 and through more than 180 million downloads, we've studied the financial |
| 1:39.2 | markets and read the books that influence self-made billionaires the most. |
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