which you do?

Warren Buffett: 14 Things Poor People Waste Money On (Frugal Living, Financial Independence)

Spending money on an education that doesn’t increase earning power: Investing in the wrong work skills and education that don’t enhance earning potential.

Credit Card Debt: Carrying balances on credit cards and paying high-interest rates.

Bars and Pubs: Overspending on alcohol in bars and pubs.

Latest Technology: Constantly upgrading to the newest gadgets and technology.

Expensive Clothes: Overspending on luxury or brand-name clothing.

New Cars: Buying brand-new cars that depreciate quickly.

Gym Memberships: Paying for gym memberships that are seldom used.

Subscription Services: Maintaining unnecessary subscriptions and services.

Overusing Skincare Products: Investing in excessive or expensive skincare products.

Frequent Nights Out Regularly, you are dining out or going out, leading to high expenses.

Gambling: When spending money on gambling activities with unfavorable odds, you’re wasting your money funding a casino’s business operations.

Smoking: The habit of smoking which incurs significant financial and health costs.

Lottery Tickets: Regularly purchasing lottery tickets is another form of gambling with very low odds of success.

High-Interest Personal Loans and Payday Loans: Payday loans or other high-interest borrowing methods lead to a debt cycle.
https://www.newtraderu.com/2023/12/03/warre...l-independence/

MC Hammer lost most of his money due to extreme personal expenditures for several years in the early 90's.

With 70 million dollars to his name at the peak of his career, MC Hammer bought more than 17 luxury cars,
a private jet,
two helicopters,
and 21 race horses.

He filed for bankruptcy in 1996.