Four Different Ways to Spend Money

Please pardon me for being unable to recall if either Russ or I have previously linked to the short video of Milton Friedman, near the end of his long and well-lived life, explaining the four different ways that people can spend money.  I don't think that either Russ or I have posted this video (but I could be mistaken).

Either way, it's well worth posting again.  The video quality is poor – no matter, for it is the audio-conveyed ideas that are timeless and indisputable.