Interesting article on the Yahoo Finance page entitled "When Status Has Too High a Price"
http://finance.yahoo.com/columnist/a...oneyhappy/1774
Here are a few highlights:
"It had never occurred to me that I needed to be empowered to throw a cheap, fun party. And, frankly, I could summon little empathy for a wealthy person who felt bad about her frivolous spending."
"Even a cheapskate like myself can appreciate the aesthetic pleasure of a $3 cup of coffee from time to time. But if I drink it to express how much more sophisticated I am than the folks who drink instant Nescafe, I've got a problem."
"She told me about a colleague in his late 40s who expressed some anxiety and frustration over the fact that, after so many years working on Wall Street, he had so little to show for it in the bank. She was able to identify three reasons pretty quickly: Manhattan apartment, country home, and children in the city's private schools (some of which rival Harvard in annual tuition costs). He saw these costs as necessities, standard among his peers."
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He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
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