Hmm... not sure I agree with that statement.
I believe my employer would be considered a rich person. In Canada he is probably worth about 3 Million or about 1 Billion Naira. I do not know if you would consider that rich, but I do.
With that much money he can purchase pretty much any foodstuff he wants, he could buy almost any vehicle and can easily afford to send his children to school and university. When he daughter went to a University far away he purchased a home for her there so she would not have to rent.
Again, I consider him a rich person.
However, get got rich through hard work, careful saving, and investing. He knows the value of money and he is frugal in what he spends. IF he spends carelessly even 3 million is not enough. He knows that choice beef is expensive. Recently he purchased a huge tenderloin steak for about $200 (100,000 Naira) and proceeded to spend over a month preparing it for a feast for his family and friends.
It was awesome and gave me a great story to tell. But he knows it was an expensive meat.
He also brews his own beer and takes great pride in his brewing skills. He refuses to buy regular beer because (1) he likes his own custom brew taste better and (2) he knows it costs 4x as much to buy from the store.
Being rich doesn't mean "Expensive" isn't a word you use. Being rich means that you can afford expensive things if you choose to. Getting rich means you don't buy expensive things all the time :)
Feel free to disagree but that's my opinion
Thanks for posting and the feedback!