The Art of Spending Money

Simple Choices for a Richer Life

De: Morgan Housel

Narrado por: Chris Hill

From the bestselling author of The Psychology of Money and Same as Ever, lessons on harnessing the power of money to live a happier life

Most of us don’t know how to spend money. We chase things that impress others but leave us cold. Or we save endlessly, afraid to spend on what would actually make life better. We confuse admiration with envy, comfort with excess, and utility with status.

The Art of Spending Money doesn't provide budgets, hacks, or one-size-fits-all solutions. It gives you understanding of how your relationship with money shapes your decisions—and how to reshape it so money works for you.

Morgan Housel’s work has helped millions rethink how they earn, save, and invest. Now he turns his attention to the other side of the equation: how to spend. With insight and warmth, he shows why the most valuable return on investment is peace of mind, why expectations matter more than income, and why doing well with money has less to do with spreadsheets and more to do with self-awareness.

This book isn’t about getting rich. It’s about getting the most out of what you already have—and learning to want what’s worth wanting.

Reseñas de la Crítica

“The Art of Spending Money is not so much a sequel as the masterful completion of The Psychology of Money. When it comes to unfolding the long and complicated story of our relationship to money in an entertaining and useful manner, Morgan Housel is the GOAT.”
— Chris Davis, chairman of Davis Advisors and board member at Coca-Cola and Berkshire Hathaway

“Storytelling is, without a doubt, the best teaching tool on the planet. As we learned in The Psychology of Money, Morgan Housel is a fabulous storyteller. He’s done it again in The Art of Spending Money, breaking down not only why the impulse to buy is so strong but why purchasing rarely cures the problem we’re trying to solve. If you’re looking to understand how to use your money to make you truly happy, here it is. You’ll never shop the same way again.”
— Jean Chatzky, bestselling author of How to Money and Women With Money

“A book that points out what we all secretly know but none of us want to admit: We have no idea how to spend our money. Essential reading for anyone who wants their money to actually improve their life.”
— Mark Manson, bestselling author of The Subtle Art of Not Giving a F*ck and Everything Is F*cked

“Housel, the author of The Psychology of Money, a book I wish I’d written, has written another book I wish I’d written. In pithy chapters and lapidary prose, he avoids schoolmarmish finger-wagging and sweeping generalizations, instead offering sharp advice.”
— Jason Zweig

Another masterpiece. Required reading for all.

This book is amazing and should be required reading for all.

If you're considering this book. Just do it.

If you think this book is above you, you probably need to read it twice.

Chock full of great advice

This book is full of great advice and gives you many things to ponder. There are lots of great examples and relatable stories throughout. This is one of the few books on money that has held my attention all the way through. I really like the idea of having a large funnel but a strong filter.

more of the psychology of money book

Yes, it's very good, and I don't regret reading it. i consider it Psychology of Money, volume 2

Great advice!

Devoured the book in one day! Great book. love the stories. He does not tell you what to do but gives you the road map!

Fails to address some of life's complexities

After reading all of Morgan's books, and listening to most of his podcasts, I have become very familiar with his thought, to say the least. I even dare to suspect that Morgan would paradoxically feel complemented when I say that his book fails to address some of life's complexities, as it seems Morgan deliberately avoids these territories. It always seems Morgan just wants to focus on "the big picture", which matters most. I get this, and his approach succeeds in simplifying our financial philosophy, and Morgan does so with true empathy and wisdom. Yet, the price that must be paid (pun intended) is the avoidance of life's complexities. Life, unfortunately, has many. So what's the point? In the end, I feel that while Morgan's heuristics are terrific. Personally, they do not clarify my own financial dilemmas, and I can think of many other complexities in which these heuristics are not enough. Most notably, Morgan quotes Ramit Sethi, so he is obviously knowledgeable with his work. In a classic Ramit example, a couple earns substantially different from one another, has different spending habits, and comes from a different socio-cultural-economical background. I feel the heuristics of this book are not enough for this couple. Another criticism of this book comes from Morgan's empathic position on people in poverty spending exclusively on the present without any "future thinking". While there is much truth to his empathic position, one must ask, what about people in poverty who do spend on their futures? What separates the two? Because even within the same family, with siblings who grew up exactly the same, sometimes different time horizon spending may emerge. Morgan's empathic position does not eclipse (and doesn't even try to eclipse) the complexity. Morgan claims that "all behavior makes sense with enough information" - this is true only as a heuristic. If anything, humans have many unexplainable behaviors - sometimes extreme, sometimes bizarre, sometimes inconsistent. Some of these behaviors will remain unexplained even considering all information (saying this practically, not computationally). To add a drop of madness into the argument, if some degree of randomness exists in human psychology and physiology, and as a clinical psychologist, I believe there is, sometimes a behavior will not make sense despite all information.