Anything that is not bringing you closer to experiencing one of those moments is a waste. Spending more effort than what is necessary in pursuit of those moments might also be a waste, especially if the payoff isn’t worth it.
Therefore, you should setup your life so you can experience as many of those moments as possible. Money is the common tool of achieving a life of endless experiential opportunities. But it’s not enough, you must also learn to greatly reduce or eliminate all responsibilities as well so you can live freely. You must be financially independent, location independent, and ideologically independent. Only then can you truly stop the waste of life.
Some people are so bound to a time and place, a source of income, a way of thinking, that they will be lucky if they ever experience a single moment in life that is not a wasted.