How to Get Rich and STAY Rich: The Art of Spending Money

Morgan Housel’s new book argues that money’s best use is buying independence—not keeping up with the Joneses. He unpacks the difference between status and true satisfaction, warns against the hedonic treadmill, and champions “quiet compounding” alongside a practical 15-stage path to financial freedom. There’s no one-size-fits-all formula; it’s all about aligning every dollar with what genuinely makes your life better.

Along the way, you’ll learn to spot identity traps and social debt, strike the right balance between saving and splurging, and run small spending experiments that maximize happiness. Plus, there’s solid advice on helping kids without spoiling them and using money mindfully so every purchase inches you closer to the life you actually want.

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