Yeah that is totally ture. I remember there was a proper documentary on a person.It was an experiment, he was given money to live and I guess it was aroung $500k and within one year he was bankrupt again. So you can only spend wisely if you earn it through hard work and you know it includes your blood and sweat.

In last 5 months I have turned my $350 into $5000 and I haven't bought much or anything big for myself. Now I am planning to buy MacBook in a month or two from my earnings.