DiscoverWe Study Billionaires - The Investor’s Podcast NetworkTIP759: The Art of Spending Money w/ Morgan Housel
TIP759: The Art of Spending Money w/ Morgan Housel

TIP759: The Art of Spending Money w/ Morgan Housel

Update: 2025-10-10
Share

Description

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





NEW TO THE SHOW?



SPONSORS
Support our free podcast by supporting our ⁠⁠⁠sponsors⁠⁠⁠:



Support our show by becoming a premium member! ⁠⁠https://theinvestorspodcastnetwork.supportingcast.fm⁠⁠

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Comments 
loading
In Channel
loading
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

TIP759: The Art of Spending Money w/ Morgan Housel

TIP759: The Art of Spending Money w/ Morgan Housel

The Investor's Podcast Network