The path to wealth is understanding the differences between Want and Need and acting on those differences.
Do I need a new Apple iPhone X for $800.00 or do I want it? The difference here could be as much as $600 in savings.
A close friend when he got his first real job rented an apartment in a posh neighborhood. The rent was $1,800 for a two bedroom one bath. Nice city view with a deck that might hold 3 people. Terrible parking on the street and narrow streets. A better apartment with no city view with covered parking would have cost him $1,100 per month. He paid $700 for the view with shitty parking. Did he Need it or just Want it?
Do you Need a new 55" Class - OLED TV for $2,000 or Want it? The same make and size in a 4 k smart TV is only $560. The difference being $1,440.
Just some examples of what all of us face while determining the differences between Want and Need.