Soya’s Reviews > The Art of Spending Money: Simple Choices for a Richer Life > Status Update

1. Wealth without independence is a unique form of poverty.
2. Financial independence is a spectrum.
3. Savings as buying "independence".
"Once you view savings as providing the benefit of independence, you stop viewing saving for tomorrow as sacrificing today."

Ch 8 Utility vs Status

The key to success in so many areas of life is endurance and longevity. I’m
not interested in anything that’s unsustainable.

"You are unlikely to have a good and meaningful life unless you can overcome your insatiability".

If you’re already satisfied with who you are, you naturally view money as a tool to be used to make things even better. That’s when you become wealthy.

Psychological wealth

Once you view contentment as the ultimate psychological mountaintop, your goals change.