The quote "I traded lots of dreams for a bigger paycheck" from Mitch Albom's book "Tuesdays with Morrie" reflects the idea that many people sacrifice their passions and aspirations for financial gain. The character conveys a common struggle where individuals prioritize monetary success over personal fulfillment, leading to regret and a sense of loss in the pursuit of happiness. This message highlights the importance of balancing career ambitions with one's dreams and values.