Morgan Housel

So be careful who you socialize with because you're going to anchor to them as a baseline level of success and happiness.

Absolutely not.

But when it's controlling your personality, it's no different than any other addiction where it's forcing you to do things that you otherwise don't want to do.

What about people who don't seem to spend anything?

It's just as dangerous.

Like there's something called post-traumatic broke syndrome.

And I'll talk about that.

But I guarantee you that everyone can spend money in a way that's going to make them happier.

The first thing that I think that's most important is... Morgan, everybody loves to talk about investing.

So I've written about money and finance and investing for 20 years and almost never had I myself

said, what is my spending philosophy?

I can tell you how I invest.

I can tell you how I save.

I can tell you why I do those things.

If five years ago, if you said, Morgan, tell me your philosophy about spending in your own life, I'd be like, I don't really know.

And as I looked into it, there are literally tens of thousands of books on how to invest, how to grow your money, how to get rich, how to help your career.

That topic is endless.

There is virtually no book out there written about spending money.

And I think the reason why is because we don't, I think we intuitively think nothing needs to be said because the answer should be obvious.

More is better.