Yes, for certain experiences you need specific items or gear. If you're spending money on just possessions that don't lead to an experience, only you being able to say you own it, then you may not have money leftover to get your gear.
Would I rather own a car that raises my social status or use the money for an epic trip? I'd rather go to Egypt. Maybe I'll use some of the money for new luggage and a new camera, but those possessions would would benefit me in my experience.
I always say if I found someone dumb enough to marry me, I'd want to save the money for my life with my partner. Sure I'd like a fun time with my friends and family, but I don't need an $8000 dress. Spending that money on food, booze, dj/band and photography would enhance my experience. The end result of being married is all I need. I dont need to prove anything with a fancy party. I also think eloping and getting married by Elvis would suit me just fine.
There's also the other part of me that has learned to buy things that remind me that I'm doing well professionally. I bought a coach purse with my first big girl paycheck. That in itself was an experience. I worked hard to progress in my career and I rewarded myself with a material possession, but I like it. I know the price of the purse could have gotten me a more rewarding experience, but the jobs I have had have been dealing with people of status. How I present myself in front of political leaders and donors is an important part of what I do. The development director jokes that we dress differently than the faculty we represent and we are easier to find in that crowd. I don't feel I should have to feel guilty for choosing a possesion over an experience. Call me a lemming,whatever. I like my purse and am thinking of getting a brown one too once I get back to work. I can't carry the black purse while wearing brown shoes. That's just tacky.
