I always think about Richard Feynmans take on awards and honors whenever these things get brought up: https://m.youtube.com/watch?v=fes-kqRDRoY
It made me complacent and less likely to go above and beyond at work, possibly because I have the feeling that I've already "reached it", whatever that means.
The smartest PhDs I've ever met in Silicon Valley NEVER TOLD ANYONE they had PhDs. The dumbest ones ALWAYS led with "I'm a PhD" or "call me doctor"!