The Art of Spending Your Money, a Book About Everyday Financial Decisions

Morgan Housel returns with The Art of Spending Your Money, a book that explores the relationship between money, emotions, and everyday financial decisions. Read an exclusive excerpt.

Morgan Housel, the renowned author of the bestseller The Psychology of Money, returns with a new book, The Art of Spending Your Money: Simple Choices for a Richer Life, recently published by ap! (ACT and Politon), in which he teaches readers how to better understand their emotions in relation to money in order to make sound financial decisions.

In the excerpt below, presented exclusively for Careers&Business, the author shows that the most important things for happiness are peace of mind and freedom, both of which money can help preserve. While The Psychology of Money focused on building wealth, in The Art of Spending Your Money, Housel shows that it is equally important to consider how money is spent and how wealth is managed.

Exclusive Excerpt:

When I wrote The Psychology of Money, I wanted to explore the way we think about wealth and investing—how emotions and social pressures influence decisions that we like to believe are purely rational.

This book, The Art of Spending Your Money, is a natural continuation.

While The Psychology of Money focused on how we build wealth, The Art of Spending Your Money focuses on how we use it.

Neither book tells you what to do with your money, because everyone is different. But both seek to understand what happens in our minds when we use it. In that respect, we are far more alike.

The same central idea applies to both books: when it comes to money, numbers matter less than the stories we tell ourselves about what matters, what makes us happy, and how we measure success.

Spending money is more of an art than a science. There is no universal formula and no fixed set of rules. What brings joy to one person may leave another completely indifferent. Just as with investing, if we understand our emotions—our biases, hopes, and fears—we can make wiser choices. Choices that reflect who we are, what we value, and how we want to live.

If The Psychology of Money taught us how to earn our freedom, this book is about how to make the most of it.

Let’s begin.

With The Art of Spending Your Money, Morgan Housel continues the conversation about people’s relationship with money from a deeply human perspective. The book does not promise universal solutions but encourages readers to look beyond the numbers and make financial decisions that reflect their own values and the way they want to live.

ap! (ACT and Politon) is one of the leading players in Romania’s book market. Specializing in high-quality nonfiction, the publishing house has introduced to the local market a number of internationally acclaimed authors, including Tim Ferriss, Robin Sharma, Tony Robbins, Wayne Dyer, Steve Harvey, Gino Wickman, and many others. At the same time, ap! (ACT and Politon) is the Romanian publisher under whose imprint the largest number of audiobooks has been released locally. Since its launch in 2014, the publishing house has brought more than 300 audiobook titles to Romania, many of them international bestsellers that have reached readers around the world and transformed thousands of lives.

ap! (ACT and Politon) believes in continuous development and brings Romanian readers titles covering a wide range of subjects, including personal and professional development, business, entrepreneurship, spirituality, and wellbeing. The publisher’s titles are available in print as well as in eBook, MP3, and audiobook formats, allowing readers to enjoy them at any moment in their lives.