The Art of Spending Money: Simple Choices for a Richer Life

Morgan Housel exposes the chasm between being rich and being wealthy: one is a bank balance, the other is money holding no authority over your character or time. Through the contrasting fates of sailors Donald Crowhurst and Bernard Moitessier in the 1968 round-the-world race, the Vanderbilt dynasty's three-generation collapse, and Chuck Feeney's deliberate divestment of $8 billion, Housel reveals that spending to impress others is a debt you pay with your freedom.

You'll learn:

- Why the internal scorecard outlasts any external validation

- How social debt turns luxury into a prison

- What contrast teaches about the engine of pleasure