> You also should not hoard all of your money and live a miserable penny pinching life unless that somehow makes you happy. It does: it means financial indepen

> You also should not hoard all of your money and live a miserable penny pinching life unless that somehow makes you happy. It does: it means financial independence -- and the freedom to work on what I really want to do -- comes quickly as opposed to never coming at all. > The reality is that people tend to spend most or all of what they earn. Read Amy Chua's _World on Fire_, on the question of market-dominant minorities -- i.e., peoples who have too much sense to waste their money like this. > quality stuff that you don't really need The difference between old money and the rest of the US is the difference between checking the time on your cellphone (the old-money way) and buying, or wanting to buy, a $20,000 Patek Philippe mechanical watch.