Things to avoid when you earn a lot or become rich

[MainIbem]

 Lots of people make such mistake of living an extravagante lifestyle when they finally stumbled on a big bag, that's very wrong. To them they'll feel like, I've been poor or broke for too long and now the world needs to see I've made it. No, that's wrong you don't live to impress anyone cause when you go broke again those people you're trying  to impress might not help you rise up again, they'll probably laugh at you or mock you for being foolish. A wise man once told me that the first thing i should think of, when i start earning is to invest my earnings into a good business or investment and that has really helped me in life, I'll always calculate before spending and it's help me to differentiate between my needs and wants. Another point i picked from the Op is paying of debt, it's very important for people to pay off debts when they've finally made money, the best thing that could happen to a man is being debt free, it saves one from unnecessary embarrassement and public disgrace.

[itorai]

Once I start earning a lot or become rich the first thing I would avoid a putting all my investment eggs in one basket. That is to say that rather than investing in one asset or one industry alone I would avoid it and rather diversified my investment portfolio to include assets and investment that I understand and would you have return money investment there by multiplying, protecting my wealth and minimizing the risk involved. The higher you earn, the higher your risk.

It is clear that the higher the income, the higher the risk, but in real life there are unique things such as low income with high risk, and vice versa.
But of all that depends on the right management, with the right management we will know the benchmarks (actions) that must be done.
The conclusion is that the relationship between income and risk does not always go hand in hand. Good management is essential to determine the right steps to optimize revenue and manage risk.

[AnonBitCoiner]

When we are given more wealth, we must be grateful for what has been given to us, never feel that we are superior to people who do not have wealth like us, because wealth is a trust and a deposit that we must guard and use as best we can, still many other people are not as lucky as us.

When we have reached the point where we have enough or have more wealth, we must remember the people under us, we must help each other, use our wealth as best as possible, so that the wealth we have can remain with us, don't Have you ever felt arrogant when you have abundant wealth?

Every person does not have the same opinion and if everyone thinks the same as you then there will be no greed and no jealousy and all the individuals will be considered the same. It is necessary that if we have lots of money then we should help those individuals who have a limited amount of money and when we have not enough money then be thankful for each and every situation because there are also lots of people who are deprived of such blessings.

Wealthy comes and goes but the real friendship and relationships once goes then never return back therefore give more time to the relationship and if your relative has not enough amount then it is our responsibility to give them some to help them and make them happy.

[RockBell]

Lots of people make such mistake of living an extravagante lifestyle when they finally stumbled on a big bag, that's very wrong. To them they'll feel like, I've been poor or broke for too long and now the world needs to see I've made it. No, that's wrong you don't live to impress anyone cause when you go broke again those people you're trying  to impress might not help you rise up again, they'll probably laugh at you or mock you for being foolish. A wise man once told me that the first thing i should think of, when i start earning is to invest my earnings into a good business or investment and that has really helped me in life, I'll always calculate before spending and it's help me to differentiate between my needs and wants. Another point i picked from the Op is paying of debt, it's very important for people to pay off debts when they've finally made money, the best thing that could happen to a man is being debt free, it saves one from unnecessary embarrassement and public disgrace.

When you have money, it's nice to relax from time to time, but it doesn't mean you have to spend it all. If you want to spend money on lifestyle, there is no way you will get tired since you will not be pleased because as you buy, you will see more things. The greatest advise is to find something else to do with your money rather than spending it extravagantly. It will be a regrettable action. Because that's when you'll know you shouldn't have wasted money. And once people have money they want people to fell their presence and some of them will even want to oppress people with their wealth.

And in the process of oppression what if you go back to been broke what is now the difference and that is why composure is very important when you have money you don't allow your self to be driven by emotion. The good man gave you a good advice because the moment you start earning you have a lot of things in your mind so the best thing is to invest early  at least their are different places that you can invest your money into. A better decision on that will be helpful. And if their is any debt pay and then invest then whe you start making money you can fund your life style.

[Dewi Aries]

Once I start earning a lot or become rich the first thing I would avoid a putting all my investment eggs in one basket. That is to say that rather than investing in one asset or one industry alone I would avoid it and rather diversified my investment portfolio to include assets and investment that I understand and would you have return money investment there by multiplying, protecting my wealth and minimizing the risk involved. The higher you earn, the higher your risk.

It is clear that the higher the income, the higher the risk, but in real life there are unique things such as low income with high risk, and vice versa.
But of all that depends on the right management, with the right management we will know the benchmarks (actions) that must be done.
The conclusion is that the relationship between income and risk does not always go hand in hand. Good management is essential to determine the right steps to optimize revenue and manage risk.

In real life it is not uncommon for me to see rich people who get out of luxury cars with a very simple appearance, only using sandals, shorts, plain t-shirts and carrying small bags without wearing any accessories on their bodies, this is a small example that can be concluded that even if for example you are a rich person who has a lot of money but that does not mean you have to buy various things that are not really needed, and it also indirectly tells and makes me realize that the real rich people are those who have very good financial management where they only spend their money on something that is important or needed.

I heard that those who are rich or who have high incomes in their lives only use a small portion of their income for their lives and their families, not that they are stingy, but they mostly use their money for everything that has the potential to bring greater profits in the long run such as business or whatever it is, and I think it is clear that because of that management and mindset that makes rich people richer. In conclusion, in real life or whatever it is, especially related to money, if we can manage it properly, everything will go well and be balanced.