It's not about spending less, it's about spending your money on the correct things. People need to spend less on status/signaling goods, and more on creating r

It's not about spending less, it's about spending your money on the correct things. People need to spend less on status/signaling goods, and more on creating real value. Spend less on investing/speculating on things you have no control over. To paraphrase Tim Ferriss: Wealth is what is left over when all of your money and material goods are taken away from you.