Should I leave below my financial status to build wealth? Why?

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Today, I visited a man to make deliveries to him. This man is a millionaire. He has a good car. But he is living in a run down area. I entered his apartment, and it is just a single room with only a student's mattress as the only property inside. He said he is building his money.

Must someone just degrade his living conditions to build wealth?
 
To each their own. I suppose the man feels comfortable living in a small space. Maybe he really is used to it because he lived a very simple life before. Maybe he will upgrade later on but he won't live an extravagant lifestyle.
 
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