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?
When people are young they are quite susceptible to getting caught up in peer pressure and advertising hype, it's why Apple can sell new phones to consumers every year for thousands of dollars. It usually takes people a few years of wisdom to realize what they truly find worthwhile in life. It's fine if you love cars and buy your favorite sports car brand new, as long as you get joy from that it is worth the price, but don't be unnecessarily materialistic. I've found the best things in life are experiences and travel which can really broaden your mind with a different kind of wealth. The best thing is to learn how to avoid being moved with the crowd, even though deep down you know you don't need half the crap being sold out there. Once you learn that and being careful with your money, it gets easy to generate more.