The Art of Spending Money by Morgan Housel Book Review

“Spending money to show people how much money you have is a fast way to go broke - and an expensive way to gain respect.”

In this video, I share 3 powerful lessons from Morgan Housel’s new book The Art of Spending Money.

💡 Lesson 1: Spending is behavioural
We don’t spend rationally - we rationalise our spending. Our habits come from lived experience, not logic.

💸 Lesson 2: Buying things doesn’t bring lasting pleasure
Attention fades fast. Respect and admiration don’t come from what you own, but who you become.

🔁 Lesson 3: Experiment with spending
Treat spending like evolution - try different things, keep what works, and cut what doesn’t. Success comes through trial and error.

As an investment researcher and actuary, I used to think finance was a science. Housel reminded me it’s also an art — and that mastering it means understanding ourselves, not just our spreadsheets.

If you enjoyed this breakdown, check out my other videos on systems thinking, investing, and the psychology of money.

⌚️Timestamps:
0:00 Intro
0:17 Spending is behavioural
2:37 Buying things doesn’t bring lasting pleasure
4:52 Experiment with spending
6:55 Conclusion

🍿 WATCH NEXT:
   • The 7 benefits of a career in sustainable ...  
   • How to get a career in sustainable investment  
   • Why I moved from Hedge Fund investing to S...  

📚BOOKS MENTIONED:
The Art of Spending Money
The Psychology of Money
Same As Ever

MY OTHER SOCIALS:
💌 Substack - https://substack.com/@joshpalmer
🐦 Twitter -   / joshpalmer862  
📸 Instagram -   / joshpalmer862  
📱 TikTok -   / jlgpalmer  
👨‍💻 Linkedin -   / jlgpalmer  
🎥 Facebook -   / jlgpalmer  

WHO AM I?
Hey, I'm Josh, an actuary, investor, and systems thinker turned YouTuber. This channel is for high-agency people who want to master their career, health, and mindset using structured, intelligent frameworks.