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

Video Description

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ How do you spend money in ways that actually make life better? Morgan Housel, author of the new book _The Art of Spending Money,_ explores status vs. satisfaction, the hedonic treadmill, and why money’s best use is buying independence. We also cover quiet compounding, a practical 15-stage path to financial freedom, when to spend vs. save, helping kids without spoiling them, and small experiments that raise the utility of every dollar. ------ BANKLESS SPONSOR TOOLS: 🪙FRAXNET | MINT, REDEEM, EARN https://bankless.cc/fraxnet 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR L2 NETWORK https://bankless.cc/Mantle 🌳KGEN | REQUEST A DEMO https://bankless.cc/KGEN-podcast 🐂BULLISH | U.S. EXCHANGE LAUNCH https://bankless.cc/bullish 💠BIT DIGITAL ($BTBT) | ETH TREASURY https://bankless.cc/bit-digital We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors ------ TIMESTAMPS 0:00 Intro 2:29 Who’s The Book For? 5:49 There’s No Universal Formula 12:59 What People Want 19:36 Money as a Curse 22:03 Taking a Step Off 26:59 Holding vs Spending 30:26 Identity Traps 33:50 Secret to Contentment 37:32 External vs Internal Benchmarks 40:41 Making an Impact 42:37 Social Debt 50:51 Quiet Compounding 55:10 Financial Freedom 1:02:20 Money & Parenting 1:09:48 Balancing Saving & Spending 1:14:44 Small Purchases 1:16:59 Trying New Things 1:19:29 Morgan’s Financial Decisions 1:21:37 Closing & Disclaimers ------ RESOURCES Morgan Housel https://x.com/morganhousel?lang=en The Art of Spending Money https://www.amazon.com/Art-Spending-Money-Simple-Choices/dp/0593716620 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠