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

Morgan Housel’s new book digs into why we chase status over satisfaction, how the hedonic treadmill keeps us wanting more, and why the best use of cash is buying independence. There’s no one-size-fits-all rule for spending—Housel offers practical hacks to experiment with small purchases, set internal benchmarks, and break identity traps that drain your wallet.

On the Bankless podcast, they map out a 15-stage journey to financial freedom—think quiet compounding, balancing saving versus splurging, helping kids without spoiling them, and fun micro-experiments to boost the utility of every dollar. It’s all about making money work for you, not the other way around.

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