To your point about being young with plenty of spending money....yeah, lol.
In the mid-late 1980's I was working as a union Glazier in NYC, installing windows in new Manhattan high-rise buildings for the most part. I had several years where I earned in excess of $40000 during that decade but what I didn't have was a financial education, and therefore no savings. I think our education system failed us and continues to fail high school students today by barely, if at all, teaching how to properly manage personal expenses or maintain a household budget. I believe this is to blame for so many families in this country living paycheck to paycheck while earning a sustainable income. I'm pleased with how I've benefited from being disciplined and making common sense decisions when spending and investing money in recent years but if I had known then what I know now, I'd be typing this message while sitting in a beach chair somewhere in the Caribbean and not an office chair in a spare bedroom.