My husband and I are in our 60's and let me tell you I was a spender and regret it. Now we don't have enough money for retirement and the things we'd like to do so we have to work.
My advice now to you is.....don't buy STUFF. You don't need stuff. Put your money in good safe investments like mutual funds and your money will gain interest and grow over time. The younger you do this the more you'll save.
If you start a new business it might not be a success and you would loose your money.
Also, I wouldn't advise putting any money in real estate.....investments in the stock market historically do better even with the ups and downs of the stock market. Put your money in and leave it there to grow over time. Unless you've made a really bad choice. If you need cash for an emergency you can sell investments quickly but sometimes real estate could take years to sell.
So now I have stuff......sitting around our big house and we have to downsize since we can't maintain this home in our older years...and all the stuff will go to the Salvation Army or Good will. I do have some paintings that I paid a lot for.....but the artists isn't so popular anymore and I don't think I'd get much for them.
So biggest advice is curb your spending, you don't need all the Stuff since you'll just throw it out in the end anyway. Save your money wisely and also consider reading some excellent books on saving. Go to any library and you'll find books to read with tons of advice on how to save money.
Also check www.amazon.ca or www.amazon.com for 5 star rated books on the subject. There are reviews you can read to see if the books would be of help/interest to you.
Eamples of books that might help:
Smart Couples Finish Rich by David Bach
The Automatic Millionaire by David Bach
Rich Dad, Poor Dad by Robert T. Kiyosaki
Gide to Investing by Robert T. Kiyosaki
or The Smart Cookies' Guide to Making More Dough: How Five Young Women Got Smart, Formed a Money Group, and Took Control of Their Finances
Some of these are older but the information and tips are still worthwhile. You might find some more current books on the subject though.
Good luck!!! And SAVE YOUR MONEY so you can be vacationing and enjoying your retirement years vs. working your buns off still.