In the first part. What kind of life did Sinbad have as a young man? Is it a good way to live life? Why or why not?

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.