I recently encountered someone who talked about spending their money fast or slow. It got me thinking what are the differences. Basically spending your money fast means when you get money, you end up losing it immediately to buy whatever it is you want. Spending your money slow means once you acquire your money, it takes time for you to spend it but at the end... you still spend it anyway. It made me realize that even if you save your money to spend it eventually, you are still somehow losing money. The point is not when you spend your money but where you spend your money on. You can spend your money immediately but are you spending it on something worth its price? Something valuable? Something that is necessary?
This is the reason many salary earners end up spending their monthly payments and dwell into debt before the next month, because they think the best way to spend money is to spend it slowly and cut their expenses. Not to buy necessary things or even valuable things, they will just keep spending it either on food or something else. This is different in the other class, as anytime they have money that they want to spend, they buy luxury with value. For instance, watches, jewelry and other valuables. This will make them look good and ahead of others in the room, and also, whenever they want to sell them, they will have their money back with a lot of profit.