Here are two Books by Morgan Housel.
1) THE PSYCHOLOGY OF MONEY became major bookseller with 8 million copes
2) The Art of Spending Money Published on Oct 2025
15 lessons from
" THE PSYCHOLOGY OF MONEY " 📚
1. Money is a tool.
It's not an end in itself.
2. Don't let your emotions control your spending.
Be mindful of the emotions that can drive you to overspend and learn to control them.
3. Invest for the long term.
The stock market will go up and down in the short term, but over the long term, it goes up.
4. Don't try to time the market.
No one can predict the future, so don't try to guess when to buy and sell stocks.
5. Diversify your investments.
Don't put all your eggs in one basket. Spread your money across different asset classes to reduce your risk.
6. Don't be afraid to take risks.
But don't be reckless, either.
7. Pay yourself first.
Make sure you save money for your future before you spend it on anything else.
8. Live below your means.
The less you spend, the more money you'll have to save and invest.
9. Don't compare yourself to others.
Everyone is on their own journey. Focus on your own financial goals, and don't worry about what others have.
10. Be patient.
Building wealth takes time. Don't expect to get rich quickly.
11. Be grateful.
Appreciate what you have, both in terms of your financial situation and in your life in general.
12. Help others.
One of the best ways to feel good about your money is to use it to help others.
13. Be kind to yourself.
Everyone makes mistakes. Don't beat yourself up if you make a financial mistake. Just learn from it and move on.
14. Never give up.
The road to financial independence is long and winding, but it's worth it. Keep working hard and never give up on your goals.
15. Money can't buy happiness.
But it can buy peace of mind and security.
The Psychology of Money is a book about the emotional side of money. It's about how our feelings about money can lead us to make bad decisions. It's also about how to overcome these emotional biases and make better financial decisions.
The Art of Spending Money
Money’s greatest value is not in what it buys, but in the choices it gives you.” — Morgan Housel, The Art of Spending Money
Morgan Housel’s The Art of Spending Money dives deep into the psychology behind how we use money—not just how to earn it or save it, but how to spend it meaningfully. Through relatable stories, timeless wisdom, and simple truths, Housel reminds us that financial freedom is less about numbers and more about understanding our emotions, values, and priorities. His approach blends behavioral insight with humility—urging us to view money as a tool for peace of mind, not comparison or excess.
10 inspiring lessons from The Art of Spending Money for business owners and potential business owners:
1. Spend money in ways that give you control over your time.
The ultimate luxury is freedom—being able to decide what you do, when, and with whom. Every spending choice should move you closer to that independence, not trap you in more obligations.
2. The goal isn’t to look rich; it’s to be rich in experiences and calm.
Status-driven spending often leads to stress and emptiness. True wealth is invisible—it’s peace, options, and the absence of financial fear.
3. Small, consistent decisions shape your financial destiny.
Financial success isn’t built from one big break but from daily habits—living below your means, reinvesting in your craft, and choosing value over vanity.
4. Spending money to impress others quietly traps you in their approval.
When your spending is about validation, you hand over your happiness to people who may not even notice. Choose purchases that make you feel fulfilled, not admired.
5. Financial contentment comes from aligning money with your values.
Before you spend, ask: “Will this bring me joy or just a momentary high?” When your spending reflects your core priorities, money becomes a source of meaning, not anxiety.
6. Avoid lifestyle inflation—it’s the silent killer of freedom.
As your income grows, resist the urge to match it with unnecessary expenses. Wealth expands when restraint grows faster than earnings.
7. Invest in learning, not luxury.
Education, skills, and perspective compound more powerfully than any asset class. The return on self-improvement outperforms any short-term indulgence.
8. Money won’t fix insecurity—it amplifies who you already are.
If you’re anxious, more money may increase your anxiety; if you’re grateful, more money multiplies your peace. Work on your mindset before your income.
9. Generosity creates the richest form of wealth—connection.
Giving—whether time, resources, or wisdom—builds a sense of abundance. The more you give, the more fulfilled you feel, regardless of your balance sheet.
10. The richest people are those who need the least to feel happy.
Simplicity is not sacrifice—it’s mastery. When you no longer need excess to feel enough, you’ve reached the highest form of financial intelligence.
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