When we are creating wealth, it's should be done quietly and not by showing off. Like it's important to look poor and quietly build the wealth in the background. People when they get a new job and starts earnjng, they syart to show off.
It might be because of the social pressure or anything, but a lot of people get into the habit of showoff and thus their financials doesn't stay good. They have to use the Credit Card to fund their lifestyle and thus get into the Credit Card debt. When their salary increases, their expenses also increases and this the cycle continues.
Instead we all should remove some amount from our paycheck and think that they never existed which can help us to save as well as we can start living below our means. I know we all have the urge to invest. Like in my case, I am fond of bikes and wanted to buy Royal Enfield but I am not buying. That's because my 6 year old Suzuki Gixxer is working great and I don't want to spent money on bike now.
And that's how we can reduce our desires and eventually create the wealth. It's depressing for some people to live below their means but again if you are not living below your means now then might be in future you might have to work more or might not have the money if you are not generationalal wealthy.
And that's why of your old mobile phone is working fine, then you don't have to chase the iPhone crowd. If you are in rented house and of everything is fine, you don't have to invest in your flat and so on. It's all the life choices we can make to make our future better. You can watch the video and let me know what else can be improved in it.