People who are accumulating assets are also broken down into other stages of their life. When one chooses a career path, to some extent your earning potential is somewhat determined. For instance, a teacher, a doctor, an engineer, and a computer programmer, are all going to have different limits on their earning potential. Are you the type of person who seeks immediate or deferred gratification in your spending habits. These are all factors which play a role in your lifestyle.
Lifestyle decisions are personal decisions.
They are yours alone. They involve confidence, or lack of confidence in the future. How you spend your money is your business. The main thing is to know yourself and not try to fit into another persons idea of how you should live your life. What is important, however, is not how you spend your money, but rather, how you allocate your money.