Nothing wrong with having nice things if you can afford it without debt. If you can afford Harvard, go to Harvard. If you can afford a Ferrari, get a Ferrari. The point of these things is that they are status symbols. Driving a Ferrari makes you instantly financially elite, because the cost is excessively prohibitive. Driving a BMW or a Mercedes speaks of a moderately high income, but nothing else. DINK's can afford much more than a single income family with a 3 yr old and 4 yr old. So all of these things are relative until you reach the point where only the super rich can afford things. Whether you drive a Benz and have $150,000 in debt or I drive a Kia and have no debt is relative. Someone can lead a life that looks rich but have a lot of debt and make payments the rest of their lives, or someone can lead a frugal life and leave a large inheritance, or enjoy life in their later years. Who has what money makes no difference so long as you enjoy your life for what it is, not what money brings. Money doesn't buy happiness, but it sure makes things easier.
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