Personally I believe travelling the world on a much smaller budget (like lower 5 figures, depending on how many years you travel of course) is more interesting. Instead of big hotels you stay in small guesthouses, more contact to fellow travellers (of that age-group) and contact to the locals.
It was in the lower spectrum of 6 figures, spread out over 4 years of almost persistent travel. A lot of that money went to plane tickets, which is crazy to think, really. But for the most part, I was renting houses that were maybe $300 a month on the lower side and $600 a month if I was staying in Bali. I enjoy quiet and in a sense it is priceless for me to be away from busy roads.
And, of course, a lot of hotels along the way.
I also learned to eat entirely local, but this took time. The first 6 months of traveling Asia was an absolute nightmare for my gut. And I truly mean that. I don't even want to go into details because it was that gross.
But I understand what you are saying. I made some costly mistakes, especially in the first part of my journey. It certainly taught me a lot about myself in the process.
No idea about the Lambo, but the Ferrari programs seem designed to encourage driving the hell out of the car. Everything is X years with unlimited miles. When you buy the car, you can opt to purchase a 15-year long "you pay for gas and tires, we cover everything else including car washes" package. I'm sure the cost is insane, but then again so is the car.
It completely altered my life, consciousness even.
If a Lambo can replicate that, I will gladly save money to buy one down the road.