I grew up so poor that I couldn't even pay attention. I've wasted very little money as a result. But I guess I'd have to admit that the '68 Buick Skylark that I bought and modified cost me a lot of money, which I never got back out of it. I finally just sold the thing, at a loss. It needed another $10k at least, to make it nice. The guy I sold it dropped a bunch more than that in it. That's his wasted money. More power to him. I will say that if you enjoy going fast with a powerful vehicle, it might even be written off for the entertainment value. I now have a fuel hog of a truck that I use to pull a travel trailer. That's another whole money pit. But at least it pulls the trailer, and I can use it to haul materials for the never-ending home repairs and upgrades I'm saddled with, now that I am retired.
If you get to thinking you’re a person of some influence, try ordering somebody else’s dog around.