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OK, but I think the point is that 1) status symbols may actually be debt symbols, which makes them less attractive, and 2) people who can buy fancy stuff often don't, which demonstrates their belief (maybe true) that it's not worth it.

Secondly, there's a lot to be said for peace of mind. Who is richer: someone who lives in a fancy house and constantly worries about losing it, or someone who lives simply, has no debt, has saving, and can basically do whatever they want?




Who is richer: someone who lives in a fancy house and constantly worries about losing it, or someone who lives simply, has no debt, has saving, and can basically do whatever they want?

Wealth is the extent to which you can let things alone and still be comfortable.




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