The shortest paths to wealth destruction lie in pooling resources on short sighted and risky investments, gambling, or binging in shopping. Risky financial decisions like a crypto bubble or an overnight fall in the money saved in a locked box may easily turn a life savings into a heap of dust. College students should learn how to distinguish needs from wants so that they don’t enrich themselves at the expense of another generation’s welfare. Hence, wasteful spending and excessive debt are unbearable. If the issues pertaining illicit drug usage and other addictions are attacked so do the finances since they deteriorate time to time. Another approach of squandering colossal wealth suddenly is not putting funds in a bank, planning, and spending less and wisely that can be complained about even outstanding fortunes before they know what has happened. Keeping wealth requires developing a disciplined attitude, be sensible in spending, and practise sound financial habits.