Money is a funny thing. We all treat it a bit differently, but kind of the same.
We don’t look at the fancy things other people have and think that they are cool people whom we should have huge respect for. We usually look at what they have and, if we consider the expense of it at all, think that other people would think that we are cool if we had the fancy car, the big house, the expensive vacation, etc…
The fancy car, the huge house, and the expensive vacations don’t make people respect or admire you. Expensive stuff doesn’t do that. Usually, people will feel less comfortable around you or harbor some kind of envy. Expensive stuff is not worth it if you’re trying to impress people or gain respect. People are too busy thinking about themselves to care.
If it is respect and admiration that you seek, don't buy more fancy things. Instead, practice being more humble, kind, and helpful. That takes more time and effort than buying a fancy car or a huge house. But you will gain real respect and admiration, and you will gain it from people who are worth having the respect of.