People want to get ahead so what matters is the % relative to your surroundings. The amount doesn't matter as much as purchasing power. Money is illusory anyway -- just a social contract we agree to as a mechanism of exchange. People want expansion in various ways whether it is more money, more status, more goods, more sex, or even more religiousness. You can't stop that.
As to effectiveness -- that is dependent on your personal goals. Some people are very effective at chilling out and not doing much. Others are very effective at building business, or playing a sport, or programming, or whatever. Dependent on what you want emulate the ones succeeding in that and you will be "effective"
