My late mother used to say in Hokien, 'Bo lui kha ho peh bu kahsi' which means 'When one has no money, one will behave better than being disciplined by parents'.
I like the following graphic (except for the wrong spelling) on excellent quotes by Warren Buffet, the best known investor and among the richest in the world who leads a humble life...
especially the one on Spending.
We have seen how countries producing oil have squandered their easy money on wasteful projects. I was surprised to read of Petronas having to borrow money for their oil prospecting projects! Norway stands out as being the best in investing their oil revenues for their future generations. It has the largest pension funds in Europe, probably in the world.
To contrast Malaysia with Norway, I wish to point out the new capital Putrajaya was built from scratch with the creation of lakes so that beautiful bridges could be built. The capital of Norway, Oslo, has 40 islands within its city limits, and bridges were built out of necessity! Its history goes back many centuries ago...
"According to the Norse sagas, Oslo was founded around 1049 by King Harald Hardråde..."
Just imagine how KL would have been better developed with the money spent on Putrajaya!