
The Art of Spending Money: Simple Choices for a Richer Life

There’s an old saying that nothing’s worse than getting what you want but not what you need. That sums up so many people’s relationship with money and success.
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
Whose respect and admiration do I want? Mostly my family’s and close friends’.
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
“pride can be felt two ways: intrinsically, when you’re authentically proud of yourself; and extrinsically, when another’s opinions tell you how you
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
But knowing how to use it is quite different from knowing how to acquire it.
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
which led to constant anxiety, which led to unhappiness. It was a vicious cycle. And most of them were blind to it.
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
If you’re lucky enough to get what you want (money), you might still realize it’s not what you need (family, friends, health, being part of something bigger than yourself). And then you’re disappointed. What could be worse?
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
Carl Jung, one of the most influential psychologists to ever live, was once asked, “What do you consider to be more or less basic factors making for happiness in the human mind?” Jung listed them off: Good physical and mental health. Good personal and intimate relationships, such as those of marriage, the family, and friendships. The faculty for
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should feel, what psychologists call hubristic pride.”
Morgan Housel • The Art of Spending Money: Simple Choices for a Richer Life
but it’s often an indirect path. Money itself doesn’t buy happiness, but it can help you find independence and purpose—both key ingredients for a happier life if you cultivate them.