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I asssume you're referring to Sinbad's childhood. Coming from a wealthy family, Sinbad had all could ask for. He was rich, spoiled, and completely irresponsible. Obviously, having money provides for a great life. Unfortunately, if one is not taught about responsibility or the value of money...... one tends to let it waste away.
"The Seven Voyages of Sinbad the Sailor: Voyages 1 and 2"