But there’s only one way to stay wealthy: some combination of frugality and paranoia. - Morgan Housel

You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t. What you want is respect and admiration from other people, and you think having expensive stuff will bring it. It almost never does — especially from the people you want to respect and admire you.

Psychologist Jonathan Haidt says people don’t really communicate on social media so much as they perform for one another.

When most people say they want to be a millionaire, what they might actually mean is “I’d like to spend a million dollars.” And that is literally the opposite of being a millionaire.