The world is a dangerous place. There are no gaurantees.
but think about it, what that means is that you are not gauranteed a quick death and leaving behind a beautiful corpse either....you may be stuck here till your in your 90's....That's the thing with no gaurantees, it really can go any which way at all.
So the safe money is not on instant gratification.
And it is not on delayed gratification.
THE SMART MONEY IS ON SUSTAINED (and sustainable) GRATIFICATION!
You do not postpone living the life you hope for, and you do not blow it all right now. You find or make the balance that lets you have prolongued and progressive joy in your life. Enjoy right now, but make sure there is just a little bit more in the way of resources tomorrow then there was today. This balance brings a very real joy and sense of fulfilement in it own right.
You might die and not get to spend your very last penny yourself...Find something that it is worth leaving as a legacy, if not family then a foundation or whatever, that you truly believe in. That's it, problem solved. Your last act need no longer be dying in a hotel room after consuming seventy five cheeseburgers off the thighs of a romanian hooker and choking on what can be hoped was merely your own vomit. By definition, your last act becomes giving a gift to something that you belive in. Environment, education, poverty in africa, saving the egos of McGregor26 owners...whatever floats your boat. There, now you do not have to worry about it. And need not be in any great rush to spend it before your own personal doomsday.
Find a balance, get off the splurge and purge roller-coaster and start building so that you are putting one success atop another and another to create a fitting monument to the totaly uncertain number of years you have.
Simple as that.
And stay away from the romanian hookers. In fact any women from the former soviet bloc...they seem to have a finaly tuned radar for detecting a newly aquired inheritence.