Great post. I have noticed that a some wealthy people are quite frugal and one can sometimes wonder if there is some sort of causal link.
I personally think that whilst you shouldn't live recklessly it also makes sense to enjoy your life and spend as much of your money as you can before you die.
Your kids should make their own lives anyway. I don't believe in big inheritances and there is no way to take your money with you when you die.
Also I want one of those Darth "Vaydor" cars!