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I'll probably be part of the camp of people who will refuse to buy certain things in life no matter how wealthy they become. Just because I can afford something doesn't mean I have to buy it, especially when I don't need or want it. Of course, it's a different case altogether if it's a loved one that needs or wants this thing. But I think for the most part, we're always reluctant to spend the money that we worked hard on earning, feels more like a robbery than a value exchange :)
You're right, when the money is too much hard work it feels like robbery, especially when it has to do with buying luxury. Luxury can be expensive and sometimes we might be able to do without them and spending so much on things we can do without feels uncomfortable