You can take risks and also not spend $80k.
There are endless ways to do it. A way I did it was I moved to a cheaper country, started a business, learned a new language, met new friends, and eventually started a family.
Spending $80k in Montreal is the opposite of risk taking.
Perhaps if there was much to show for it, you would have a point. This guy did a lot right, has friends, is physically active, but none of that required spending down $80k.