Adds Quote by Robert Fogel
“As we get rich, the basics of life - food, clothing and shelter - become a very small part of total expenditure. And people have enough money to purchase things that enhance them spiritually, and I mean the word 'spiritual' not necessarily in a religious sense but in the sense that it adds to your feeling of well-being.”
About This Quote
Source Book: The Rise and Fall of American Growth, Robert Fogel, 2011
As wealth grows, essential needs become a tiny share of spending, allowing purchase of items that boost spiritual well‑being.
In simple terms: Money shifts from basics to spiritual fulfillment.
Invest in experiences that nurture the soul.
Themes
Mood
Type
When to use this quote
- travel
- education
- art
- philanthropy
- personal development
Key Concepts
Questions to Reflect On
- What truly enhances your sense of well‑being?
- How can you balance material and spiritual needs?
Spiritual purchases may still be status‑driven rather than truly fulfilling.