The Art of Spending Money
Simple Choices for a Richer Life
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4.3 • 21 Ratings
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- £11.99
Publisher Description
The instant Sunday Times #1 bestseller and New York Times bestseller, from the author of The Psychology of Money and Same as Ever, with lessons on harnessing the power of money to live a happier life.
Can money buy happiness? Yes. Can spending it make you happier? Absolutely. Yet, many of us struggle to unlock its full potential – either by spending on things that don't bring as much joy as they should, or by avoiding investments that would truly enhance our mental well-being.
In The Art of Spending Money, award-winning and global bestselling author Morgan Housel offers a refreshingly practical approach to managing wealth while finding deeper meaning and contentment. Instead of cookie-cutter financial advice, Housel provides you with psychological tools to navigate your personal relationship between money and optimise for happiness.
Discover why people often mistake envy for admiration, how to align your expectations with your income, and ways to invest in future happiness while avoiding regret. Learn about the dangers of social debt and embrace the radical idea that the fastest way to build wealth is by going slow.
The Art of Spending Money delves into the complexities that surround money – envy, social aspirations, identity, and insecurity – crucial aspects often missed in traditional financial books.
Armed with new insights into money and wealth, you’ll learn to sidestep common spending traps, make smarter investing choices, and wield money to its fullest potential to enhance your enjoyment of life.
PUBLISHERS WEEKLY
Finance writer Housel (The Psychology of Money) offers a deeply insightful guide to managing money focused on spending wisely. Instead of centering the acquisition and growth of wealth, Housel unravels the emotions that drive people to spend, arguing there is no "right" way to do it: some people spend extravagantly to make up for growing up poor or to justify working long hours at a miserable job, while others might buy expensive cars or designer handbags to chase status. Learning what actually makes one happy in life and spending money in support of those goals is key, he explains. Housel encourages experimenting with spending to find "your thing," separating financial goals from identity, and minimizing future regret. One might find, as a result, that travel or hobbies brings them joy and gear their money toward those, while another may prefer giving money away. Still, some of Housel's most profound advice is about saving, not spending: "Money you haven't spent buys something intangible but valuable: freedom, independence, and being able to spend time in your own way." Prudent and actionable, these lessons will help readers build sensible money habits.
