Chances are, in a period of five to ten years, you may have been able to buy a car or some real estate. If you can keep up your rent/mortgage and still afford nice gear, then good for you. But on the other hand, if you're the type that's in deep debt due to impulsive shopping, or are willing to starve yourself just to afford a $300 T-shirt, you might want to rethink your priorities.
8. Copping gear means more to you than basic necessities