The Buddha also said that it is not necessary to live too modestly if one can afford a comfortable life with relative ease, thanks to good karma from the past life. To live a simple life, as opposed to a luxurious one, means less energy need be spent on acquiring material wealth and hence more time and attention for really meaningful matters. This is the way the Buddha told us to live.

- Quote from The Right View, "The Way of Living and the Meaning of Life"