The Morgan Housel Podcast, Episode 1: The Art of Spending Money

There is a science to spending money – how to find a bargain, how to make a budget, things like that. But there’s also an art to spending. A part that can’t be quantified and varies person to person. In my book I called money “the greatest show on earth” because of its ability to reveal things about people’s character and values. How people invest their money tends to be hidden from view. But how they spend is far more visible, so what it shows about who you are can be even more insightful. Everyone’s different, which is part of what makes this topic fascinating. There are no black-and-white rules. But here are a few things I’ve noticed about the art of spending money.