Pronunciation: [wɒst wˈɒnz fˈe͡ɪt] (IPA) 
The correct spelling of the phrase "wast ones fate" is actually "waste one's fate." The word "waste" is spelled with a "w" and "one's" is spelled with an apostrophe "s". The "a" in "waste" is pronounced with the "ey" vowel sound /weɪst/. The "o" in "ones" is pronounced with the /ʌnz/ sound. The phrase means to squander or misuse one's destiny, indicating that a person has lost the opportunity to fulfill their potential.
"Waste one's fate" is a phrase that combines the words "waste" and "fate" to convey the idea of squandering or misusing one's destiny or predetermined course of life.
The term "waste" here refers to the act of inappropriately using or devaluing something. In this context, it implies failing to make the most of one's fate or destiny. Fate, on the other hand, pertains to a predestined path or the circumstances that determine the outcome of one's life.
When one "wastes their fate," it suggests that an individual is not taking advantage of the opportunities, possibilities, or potential that their fate has bestowed upon them. It implies neglecting or neglectfully using one's talents, resources, or purpose in life. It could denote repeatedly making poor choices or engaging in self-sabotaging behaviors that hinder personal growth or positive outcomes.
Wasting one's fate can have various consequences, including unfulfilled potential, missed opportunities, or dissatisfaction with life. It implies that the individual is not living up to their true capabilities or making the most of the hand they have been dealt. This phrase serves as a cautionary reminder for individuals to reflect upon their actions and make conscious efforts to use their fate wisely, making the most of the opportunities and potential that lie before them.
