I can relate to the points you have mentioned. Trying to follow these for a long time and the outcome is really impressive. Initially, we might not see the difference but in a long run, they are fruitful.

Your first point, spending to impress other people, I can see this a lot around me. iPhone 14 series is out there, many are craving to have it, and some are so blind that they aren't even realizing that it costs two times more than his father's salary let alone any earnings from him. This kinda showoff is a BIG waste.

Well, I do agree that often we do have some big dreams to acquire, and some of them go out of our budget. But in those cases I do like to check if that dream is going to serve me anyway or not, will I be getting benefits or just a showpiece? Considering these points we may step into something bigger.

It was a good piece, many will be benefitted if they implement the lesson in themselves.