I only spend about a tenth of what I make each year. (of course taxes take about 40% of what I make) but that still means half of my income is left over. So I invest it.
yeah I live on a nice 25 acre piece of property-when I bought it it was farm land going for about 5K an acre and now-well I am surrounded by subdivisions and one of my neighbors sold his 5 acres for 500K so you get the idea. But I also drive an 11 year old Lexus I bought used and its got 155K on it. I don't feel a need to buy a new car every year-in fact my last three cars have been used. I don't take expensive vacations-the last time I paid for a trip out of the country was my honeymoon 18 years or so ago. Neither of us drink and I rarely eat at expensive restaurants. I guess the one real luxury i have-other than sending my son to the best school I can find is belonging to a country club where I spend tons of time playing tennis and squash and coaching
but the bottom line is spending less than I make and investing for the LONG TERM