The Psychology of Money and the Art of Spending Money with Morgan Housel (Ep. 13)
What if the way you think about money is holding you back more than your bank balance ever could?
How do you know when you have enough? And what does it truly mean to spend well?
In this episode, Brady Fineske sits down with New York Times Bestselling author Morgan Housel to explore key lessons from two of his most celebrated books, The Psychology of Money and The Art of Spending Money. Morgan shares how our personal histories shape our financial behaviors, why knowing what “enough” means is the ultimate financial advantage, and how the way we spend money can either trap us or set us free.
He also unpacks why money becomes a social scorecard and offers a refreshing reframe on what truly brings joy and lasting fulfillment.
Morgan discusses:
- How money functions as both a financial asset and a psychological liability, and why behavior matters more than intelligence when it comes to building wealth
- Why personal experience shapes every financial decision we make, and how recognizing this leads to healthier money habits
- The concept of “enough” and why most people believe they need double what they currently have, no matter their net worth
- How happiness depends on contrast and expectations rather than material possessions, and why occasional treats bring far more joy than constant luxuries
- Why the highest-return spending focuses on relationships and freedom, and how wealth without independence is a unique form of poverty
- And more!
Resources:
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Connect with Morgan Housel:
About Our Guest:
Morgan Housel is the New York Times Bestselling author of The Psychology of Money, The Art of Spending Money, and Same As Ever. His books have sold over 11 million copies and have been translated into more than 60 languages. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, and winner of the New York Times Sidney Award. MarketWatch named him one of the 50 most influential people in markets. He’s a partner at The Collaborative Fund and serves on the board of directors at Markel.
TFO Wealth Partners, LLC (“TFO”) is an SEC-registered investment advisor located in Maumee, OH. Brady Fineske is a Partner and investment adviser representative of TFO. Registration with the SEC does not imply a certain level of skill or training. The opinions expressed in this podcast are for general informational and educational purposes only, are subject to change at any time, and should not be construed as TFO’s or Mr. Fineske’s solicitation to effect, or attempt to effect, transactions in securities, or the rendering of personalized investment advice.
All investments and strategies, including any described in this podcast, have the potential for profit or loss. Past performance does not guarantee future results. Any index performance described in this broadcast does not reflect the deduction of transaction, management, or other fees that would decrease performance results. While the information presented in this podcast is believed to be factual and up to date, TFO or Mr. Fineske does not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Listeners should not rely on the content of this podcast as the sole basis for their legal, tax, investment, financial planning or estate planning decisions and should always consult an attorney or tax professional or any other investment professional regarding what may be appropriate for their specific situations.
509aWP – 2026.03
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