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In this book, Morgan Housel shifts the focus from how to make or save money to something more important:
How to spend money in a way that genuinely improves your life.
He argues that most people assume spending equals happiness — but many purchases don’t bring lasting satisfaction, because we spend for the wrong reasons: comparison, status, or impulse.
Principle | Explanation |
---|---|
1. Spend on what YOU truly value | Not what society expects. Your spending should reflect your personality, not trends. |
2. More money doesn’t fix bad spending habits | Without clarity, people upgrade everything — yet still feel empty. |
3. Happiness comes from experiences, freedom, and time | Not from constantly upgrading material things. |
4. Beware of comparison | A lot of overspending is just silent competition with others. |
5. Regret is a powerful filter | Before buying, ask: Will I regret spending — or regret not spending? |
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