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I’ve already
written at length about how owning more
possessions can limit your identity and happiness,
and how wealth is determined by the quality of
your experiences and not your assets.

But let’s look at this from a more practical point of
view.

What’s the point of buying a bunch of nice
crap?

1) To impress other people.

2) To feel better
about yourself.

We’ve already covered how well impressing people
goes over.

(Spoiler Alert: Not well.)

Not to mention,
what you’re also concurrently inspiring jealousy
from other people, which just turns nice people into
assholes.

And then you might get offended! So
that’s no good.

But let’s look at feeling better about yourself.

There’s mounds of psychological research showing
that materialism leads to greater rates of
depression and less happiness in people.

There’s
reason the rich have some of the highest rates of
depression and anxiety disorders in the
world.

That dependence on external validation to
feel good about one’s self causes low self esteem
and makes you miserable.

So let’s just leave it at
that.

Sure, buying luxury items can be cool and
enjoyable.

If you’ve got the money to throw around,
there’s nothing wrong with it.

But basing your
identity and self-worth on the quality of your
possessions and how those possessions stack up to
others is a losing battle.

Even if you win and have
the biggest toys, you lose.

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