“Poor people are poor because they live like they are rich, and rich people are rich because they live like they are poor.”
True. But you have to pick your battles. I’ll spend top dollar on high quality items that have utility. I spent $3,500 on a Rolex Submariner back in 1994. That watch was on my wrist for every mission I flew as a UH-60 Blackhawk pilot for over 20 years. It’ll get passed down to my son eventually. Lucky for him it has tripled in value.
Spending good money on furniture and mattresses makes sense too. Plus you need at least one nice suit and quality shoes.
But yeah, I try to be miserly with everything else…