I agree with this.
I'm an understanding person, but when a guy becomes rich after not having much money and he ends up blowing it all on extravagances instead of savoring the many small comforts it can provide, that says something about his character.
If I ever become a multi-millionaire, most of that money is getting saved and split between charity and progeny upon my death. I mean, sure, buy a nicer house. Become a wine collector. Take an annual vacation. Treat your friends and family to a nice dinner every once in a while. That's what I consider the high life to be, not wasting thousands of dollars on a daily basis.