Wise people live in wealth and luxury, but stupid people spend their money as fast as they get it.

"Wealth" in this sense is not money, for we do not live on money but on things that money can buy: "goods" such as food and clothing, and "services" such as transport and entertainment.

Though he possesses enough wealth and power to own dozens of palaces, Gaddafi by many accounts prefers to live in a Bedouin tent pitched near his family home outside of Tripoli.