Morgan Housel shares five insights from his new book, The Art of Spending Money: Simple Choices for a Richer Life.
5 Simple Spending Habits for Happier Living [Next Big Idea Club] – “Money can enhance your life, but it doesn’t create lasting happiness. Genuine contentment comes from meaningful relationships, a sense of purpose, and the ability to appreciate what you already have.”
I really like #3 – Spending money can buy happiness, but it’s often an indirect path.
“Money itself doesn’t buy happiness, but it can help you find independence and purpose, which are both key ingredients for a happier life. A big, nice house might make you happy, but mostly because it makes it easier to have friends and family over. The friends and family are what actually make you happy.” (emphasis mine)