📓 Morgan Housel's new book - The Art of Spending

Summary and Key Insights

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Morgan Housel has a question for you:

If you were alone on a deserted island.. where nobody could see your possessions.. what would you actually want?

A Lamborghini? Or a practical truck?

A mansion? Or a comfortable shelter with a view?

This simple thought experiment reveals an uncomfortable truth about why we spend money. And it's not what you think.

Housel, whose book The Psychology of Money has sold 10+ million copies, just shared insights that completely flip conventional wisdom about wealth and happiness.

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After 20 years studying financial behavior, Housel discovered that everything from your childhood trauma to your Instagram feed is sabotaging your relationship with money.

But he also found a simple formula for using money to build genuine happiness—and it has nothing to do with earning more.

Read my full notes and highlights here:

Warning: This might make you rethink every purchase you're planning.

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That’s it for today.

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Cheers,

Ayush and Aditi