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Morgan Housel is a financial writer and partner at the Collaborative Fund. He focuses on investor behavior and how psychology shapes economic decision-making. In his 2020 book “The Psychology of Money,” Housel examined why people make financial choices that often diverge from traditional economic models. His latest work, “
The Art of Spending Money: Simple Choices for a Richer Life,” explores patterns in human behavior that persist across economic cycles.
In this recent interview, edited for length and clarity, Housel shares his views on saving and investing, the rules people should follow before spending, and the most common spending traps.
