The world is full of people who take a casual attitude towards their finances. They are the ones we keep reading about when we are told most people can't raise $1000 in an emergency or don't think they will ever be able to afford retirement.
Ownership of things that have actual value is the number one way to becoming wealthy. Owning flashy toys and extravagant dinners all the time is a quick way to spend it all for 'the rich'. One dude I follow put it best the wealthy exploit the rich by renting them flashy toys, the rich try to get money from the middle class by selling them things.