Morgan Housel

Fancier is better.

That's the end of the topic.

But if you know particularly wealthier people, I mean, it affects everybody, but particularly wealthier people, you know, it's not that simple.

that the correlation between how much you spend and how happy you are, it can exist.

Everyone can spend money in a way that's gonna make them happier, but it is not as simple as you think.

And as I started digging into it in my own life of when have I been envious of other people, of their material possessions?

Why was I envious?

When have I been jealous?

Why was I jealous?

What kind of spending made me happy?

What left me completely flat?

It's a much more complicated topic than it seems at the surface.

You know, another title for the book could have been the psychology of spending money, because that's what this is.

So it's a look at the psychology of greed and envy and social aspiration and like climbing the social ladder, who you're trying to impress, whether those people are paying any attention to you.

That's what this book is.

I think it is a very easy assumption to make if you're unhappy with your life, that if you had more money, those problems would go away.

Sometimes it can be true.

It's not automatically false.

It's just easier to assume that that's true than it actually is.

And so I guarantee you that every single person listening to this right now