I'm sure there's a happy middle. Obsession with luxuries and consumption play a big part in getting stuck on the hedonic treadmill. Obsession with achievement probably plays a big role in burnout and overwork.

Personally, I'm doing my best to get to a point where I can feel good in an outfit I've had for years, feel good with a cheap haircut, feel satisfied reading and meditating to relax and being able to leave work at work and sleep soundly no matter the occurrences of the day. Judge me by the way I treat you not by the number of zeros in my bank account.