Hacker News Reader

There certainly is causality here. If you are patient and invest your money long-term instead of spending it all, you will literally be wealthier than if you spent it all.

Of course, there is causality the other way round as well, that is, a basic level of stability and wealth allows you to save.

View on HN

The more wealth you have, 1) the more likely you have absolutely no desire to spend it all right now and 2), the more likely you're spending money on things that are just as likely to appreciate as depreciate; that can't be called patience.

Spending on disposable goods doesn't scale linearly with wealth. That's why consumption taxes are regressive.

Reply on news.ycombinator.com