Morgan Housel’s new book, The Art of Spending Money, flips the usual “save more, spend less” script by showing how you can spend deliberately to boost happiness and freedom. He digs into why money’s real power lies in buying time and independence, not flashy status symbols, and warns against the hedonic treadmill that keeps us chasing ever-bigger purchases without real payoff.
Across a fun 15-stage path to financial freedom, Housel explores identity traps, external vs. internal benchmarks, social debt, quiet compounding, and even how to help kids without spoiling them. He wraps up with practical tips—when to save versus splurge, small experiments that up the joy per dollar, and how tiny purchases can teach you what truly matters.
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