Things to avoid when you earn a lot or become rich

[Uhwuchukwu53]

Most people become ostentatious after becoming rich.  It means they want to show everyone that they have a lot. And this is a disaster for them. Because they get so caught up in the show-off game that they buy things beyond their means. This puts them in debt. More debt is the cause of their emotional pain.  Turns out. Everyone should plan to live a normal life. Live within their means. And pay off debt and live a healthy life.  If we notice, we will see that many rich people own a lot of debt. And everyone should have a plan to use it properly after earning a lot of money and arrange how to get profit from that money. Otherwise, they will sit and eat.  Money will run out one day.

There is the sentence that drag my attention most which you have spoken volume in my heart and this is,
PLANNING the saying that goes failure to planing is planning to fail that has become the most order of the day when many get Rich they forget the investment and cutting of coat according to their size and leave luxurious life style that leads them into debt, but if one first plan well no matter how the money enters and leaves one hand the person will not run into debt because any money that is replaceable is hard for person to run into debt because most if the course of the debt is not just leaving a luxurious life style but failure to plan the source in which the money will bounce back to handle the debt.

[rojan]

Most people become ostentatious after becoming rich.  It means they want to show everyone that they have a lot. And this is a disaster for them. Because they get so caught up in the show-off game that they buy things beyond their means. This puts them in debt. More debt is the cause of their emotional pain.  Turns out. Everyone should plan to live a normal life. Live within their means. And pay off debt and live a healthy life.  If we notice, we will see that many rich people own a lot of debt. And everyone should have a plan to use it properly after earning a lot of money and arrange how to get profit from that money. Otherwise, they will sit and eat.  Money will run out one day.

When some people become rich suddenly, their behavior and behavior changes a lot. People who become rich in a short period of time often try to oppress people by telling them that they have a lot of money and that they are very rich. We should  No matter how much money we have, we have to treat everyone well and earn honestly. If we can live with our family with honest income, it is a big gain for us.

[Kristiyana]

If you’re lucky enough to become rich you should avoid excessive materialism, flaunting your wealth & surrounding yourself with money focused individuals. It's important to prioritise financial responsibility, seek genuine relationships & make informed investment decisions. You should avoid neglecting your personal well being & prioritise mental & physical health. By avoiding these pitfalls you can maintain a balanced & fulfilling life as a wealthy person.

That is actually the most common way most individuals from rags to riches do. I can even see people posting something they achieved in life on social media and I personally do not have any problem with that because it's their life not mine but yeah it all comes with risks we all know that.

Most people who normally post there success on the social media always fail to realize the risk it will bring to there life because on a normal they will feel that they are actually helping or motivating people on the things he go through before arriving were he is and there is nothing wrong with it but in other words he is actually telling people how wealthy and rich he is and possibly he could endanger himself by doing that, though is mostly common for those people who started with nothing and become rich later.

[Lantind]

Most people become ostentatious after becoming rich.  It means they want to show everyone that they have a lot. And this is a disaster for them. Because they get so caught up in the show-off game that they buy things beyond their means. This puts them in debt. More debt is the cause of their emotional pain.  Turns out. Everyone should plan to live a normal life. Live within their means. And pay off debt and live a healthy life.  If we notice, we will see that many rich people own a lot of debt. And everyone should have a plan to use it properly after earning a lot of money and arrange how to get profit from that money. Otherwise, they will sit and eat.  Money will run out one day.

When some people become rich suddenly, their behavior and behavior changes a lot. People who become rich in a short period of time often try to oppress people by telling them that they have a lot of money and that they are very rich. We should  No matter how much money we have, we have to treat everyone well and earn honestly. If we can live with our family with honest income, it is a big gain for us.

When someone can get their wealth easily and their behavior also changes, of course they have never experienced difficulty in making money so they think other people don't do anything to get money, really they are very arrogant about what they have managed to get and I think people like they won't be able to survive for long with what they have and other people will also dislike that person.

I agree with you, no matter how much wealth we have, we must still be able to treat other people regardless of their background and it would be better to treat everyone equally and not discriminate, by having an honest income this will certainly make life better. what we do is better and we don't have any burdens because the income we have is not in a way that violates the rules.

[beerlover]

Some people like to show off, and some people don't. Surely there are such people in all social classes, the common thing for such people is that they usually overspend on things they don't need... Ramsey said it nicely, people shouldn't do it, but many people will never stop with that, especially how modern society looks, it's all about prestige.

As always, people should be free to do what they want with their money. So it's OK if someone wants to show off and can afford it, but when it comes to all others "overspending" will get them nowhere (if they don't marry someone rich ). In the long run, this is something that can lead to serious debts, and where there are serious debts, there are also serious problems. Without going into details, a lot of things can go wrong.
The conclusion was that we should not spend too much, whatever social class we are in, it is wise to take care of finances and try not to overspend on things we don't really need.

I feel like that's a psychological thing where people who lack something, end up trying to show off in order to basically try to tell people that they do not have enough. I think it's quite clear that we are not going to end up with anything decent, we are going to end up with something much more tough if we are not careful and that's the most important part.

I believe that people should realize that if you are not happy, or if you are lacking something, trying to show off is just a way to make yourself feel better about yourself, I know a lot of people like that, one of my closest friends in the world is like that, I understand it and I love him the way he is, if it makes him feel better then I can't really judge him for his actions.

[Chilwell]

I remember an ideology which says that if you move to level three (pertaining to net worth) don't be in a rush to upgrade your lifestyle as well on the same level. For me it simply means to create a margin with how much you have and how much you would spend because if it would be equal, then nothing will change. Personally, whenever I am planning to buy new things like a new phone, I do check if I could buy it 10x first before actually making a purchase, which works for me and allows me to not be on a financial burden for the next days or months. Becoming rich indeed is a wonderful thing to happen in everyone's life and for sure it would be tempting to buy anything you would want to however if things won't be consistent you have to consider managing your cashflow still.

The journey of life is a continuous process. It means no matter what you are doing, no matter where you are. The only thing that you need is to rest at some point and then move on again. even if you seem to be the most educated person in the world, you must keep learning for you to be who you are. This means, even the richest person in the world will keep on struggling for more money for him to maintain that position of being the richest person in the world. Don't just because of the fact that you are rich already and relax.
Furthermore, keep it in mind that even if you are rich, you have to be humble and treat others with respect. Nobody is a island, everyone needs another person either directly or indirectly.

[boyptc]

Most people who normally post there success on the social media always fail to realize the risk it will bring to there life because on a normal they will feel that they are actually helping or motivating people on the things he go through before arriving were he is and there is nothing wrong with it but in other words he is actually telling people how wealthy and rich he is and possibly he could endanger himself by doing that, though is mostly common for those people who started with nothing and become rich later.

I don't want to cut their fun when they are happily sharing their success on social media. That's what success means to them and they want to bring it out to people so that they will be recognized.

But I tell you what, real successful people, they won't be the one to proclaim that they are successful.

Instead, people who are seeing their riches and successes are the ones that will speak for them.

[knowngunman]

I believe it's okay to buy expensive things right away, as long as we need a small share of wealth to do so and such purchases won't endanger our condition by depriving us of resources we might need for other purposes. I do agree that it's good to ask yourself about the goal, and that buying stuff to impress other people isn't smart, but if it's something you really want, and it makes sense to you, it's okay to buy it.
Of course, if you have outstanding debt, I agree that it must be the first priority to pay it off, and it's not good to take more debt.

I think we have the same opinion on this particular point. I read through the Op thread and there are valid points that need to be practiced to keep someone wealthy. Although doing these practices is not a guarantee but it will at least justify that you do the right things that should be done. However, the point that talk about buying expensive things is not convincing to me. Buying expensive things is never a problem and can not be avoided some time. What matters here is the purpose you're buying the expensive things for. Buying expensive things that are useful to you or that would probably bring in more income is a very necessary thing to do. At times, it may seem like show off to people but that should not stop one from buying expensive things when they actually need it to improve themselves.

On the other hand, debt is a disease that slow down progress. When someone becomes comfortable with debt, they hardly succeed because when you take a step forward, debt will pull you back one step. I understand that we can not entirely do away from debt due to circumstances some time but it is advisable to clear them if you can and if you can avoid it by any means, don't hesitate to avoid it.

[Fara Chan]

When some people become rich suddenly, their behavior and behavior changes a lot. People who become rich in a short period of time often try to oppress people by telling them that they have a lot of money and that they are very rich. We should  No matter how much money we have, we have to treat everyone well and earn honestly. If we can live with our family with honest income, it is a big gain for us.

It is very inappropriate to humiliate other people in any way, especially if the person being humiliated has never asked rich people like that for money or food. Because for me, people like that are not really rich people, but just stupid people whose instinct to look down on other people is still very strong, even though other people have never had anything wrong with that person. And if you have ever seen a rich person who can benefit many people in your environment, of course people who like to look down on other people because they have a little money is a very strange thing because it is a virus that must be eradicated.

[Natalim]

Most people who normally post there success on the social media always fail to realize the risk it will bring to there life because on a normal they will feel that they are actually helping or motivating people on the things he go through before arriving were he is and there is nothing wrong with it but in other words he is actually telling people how wealthy and rich he is and possibly he could endanger himself by doing that, though is mostly common for those people who started with nothing and become rich later.

I don't want to cut their fun when they are happily sharing their success on social media. That's what success means to them and they want to bring it out to people so that they will be recognized.

But I tell you what, real successful people, they won't be the one to proclaim that they are successful.

Instead, people who are seeing their riches and successes are the ones that will speak for them.

I would agree to that 100%. Those who are actually successful and wealthy do not want to expose theirselves and tell the people their achievements. Instead, they focus more on their own investments silently and adding more wealth in the process.

While those who have just taste the fruit of their success and just started to live in luxury, those are the people who often post more not really to inspire others but to get recognition from those people who are also in the same level with them.

[AnonBitCoiner]

When some people become rich suddenly, their behavior and behavior changes a lot. People who become rich in a short period of time often try to oppress people by telling them that they have a lot of money and that they are very rich. We should  No matter how much money we have, we have to treat everyone well and earn honestly. If we can live with our family with honest income, it is a big gain for us.

Most of the people who earn huge money will differently act because they think that money is everything due to which they lose their relationships but one thing should be remembered that money does not persist always therefore don't change yourself because of wealth.

In current age every other person is earning a good amount of money but still people are not thankful for their situations and want to earn more so when their wishes become true and they become moneyed person then they start to show off for their money but they don't know that money is not everything but real happiness comes with better relationship and better life.

[Kriptogram14]

Most of the people who earn huge money will differently act because they think that money is everything due to which they lose their relationships but one thing should be remembered that money does not persist always therefore don't change yourself because of wealth.

In current age every other person is earning a good amount of money but still people are not thankful for their situations and want to earn more so when their wishes become true and they become moneyed person then they start to show off for their money but they don't know that money is not everything but real happiness comes with better relationship and better life.

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?

[eightdots]

That only proves that rich people even become more thrifty in order to save more than to spend more. For me, that is a great mindset if you want to stay rich. And by staying rich it’s not necessarily that you need to make all out investments, sometimes even by saving a little out from your expenses will help you to remain rich by not spending a lot on your purchases, but by saving big when you spend big.

Rich people have enough money so they don't focus on saving but they prefer investment as it can give them more money besides their income. I think if those individuals who don't have enough money work hard by spending less and saving more then they can also change their financial system with the help of their planning.

Nothing is hard if a person works for it therefore saving should be assumed as a compulsory strategy of life. The condition of nobody can change in a day so work for it and follow your planning until you become satisfied with your financial condition that becomes favorable due to your efforts.

Rich people generally prefer to invest, but people who have passed certain stages of becoming rich also know that they need to be careful with their spending. None of what we said applies to all rich people and they all have different lives. One of the things that rich people pay most attention to is staying rich. To stay rich, they have to maintain and increase the value of their money. That's why investment is their most preferred method.

I agree with you about acting in a planned manner. You cannot reach the level you want in one day. To achieve the goal, it is necessary to make efforts and act according to the plan.

[coolcoinz]

I'd advise people who suddenly become rich, for instance from bitcoin, to keep living the way they do for a while. Don't go crazy, just live the way you lived, but make sure you withdraw enough money to have good food, access to medical care, clean and healthy environment. If you live with your parents, or share a flat with your friends, get your own place. Nothing fancy because you still don't know where you'll want to live, but make sure you have your own calm place where you can think of your next step.

It's very important not to buy things that will generate expenses on their own. For instance an expensive car will cost you. You'll try to keep it safe, you'll need a place to park it, preferably a garage, you'll need to maintain it, pay taxes and so on and it's going to lose value over time.

Buy things that you really need like food, clothing, spend money on a home where you'll feel safe and relaxed. Healthy environment is crucial.

Last but not least, don't tell everyone. Don't throw parties and don't lend money to people. I know you want to share your happiness with others, but be smart about it!

[Dzwaafu11]

1. Don't buy expensive things right away.

Most of us want to buy expensive things when we receive a lot of money. Because aside from the convenience and the fact that the fact that we can benefit from it for a long time, we also want to get the attention of other people. We also cannot deny when we can afford something that an ordinary person cannot afford. But sometimes, because we can afford something, we just end up spending it, and we forget to ask ourselves if we really need it. Or we just want to buy it because we want to impress other people. And due to a lack of spending awareness, we become impulse buyers. Until this habit becomes our second nature or the worst, we base our spending on what we want other people to see in us.

But the question is, what is our goal? to get rich to impress, or to get rich to have freedom? When you have a lot of money, you have nothing to prove to other people. Since you know that you are rich, it is a better idea not to let other people know that you are rich. One should just choose the simple life and live with a purpose.

This is true. Nowadays, many wealthy people don't buy things because they need them; many of them buy expensive things just to show that they also acquire them. and after letting people know that they have it, they will abandon such things. Although when you are rich, you would like to get what other people are getting who are also reaching like you, but I think this kind of competition should be applicable to wealthy people, not someone who just started earning a large amount of money, because most of us are buying something as if our eyes are close.

Sometimes when we have plenty of money with us, many of us don't really know what we need and what we want; we just buy things, both the ones that are important to our lives at the moment and both the ones that are not, which is bad.

2.Pay your Debt

Having debt or bad debt is why most of us continue to suffer because it's like a weed that, if you don't cut the root, will grow again. And the debt, when you don't pay it, has interest compounding. So, your number one expense is to pay off the debt when it earns a lot of money. Be responsible not to ignore the people we owe money to talk to them, say thank you, and pay all the debt.

We should also know that our reputation also depends on it, and when we know how to pay, many people will trust you. And when you know how to pay off debt, you also show that we are not only thinking about ourselves.

To be sincere with you, debt is just like demotion. It is as if you are going forward, but something is dragging you back. When you are owing money, you will not be able to plan another thing that will benefit your life until you clear such debt, and you will be like some one who is not even getting the money at all. Although I know that some conditions require you to collect debt, sometimes it is not really to set some financial problems that come your way, but the real thing is to pay it back. 

[justdimin]

When some people become rich suddenly, their behavior and behavior changes a lot. People who become rich in a short period of time often try to oppress people by telling them that they have a lot of money and that they are very rich. We should  No matter how much money we have, we have to treat everyone well and earn honestly. If we can live with our family with honest income, it is a big gain for us.

It is very inappropriate to humiliate other people in any way, especially if the person being humiliated has never asked rich people like that for money or food. Because for me, people like that are not really rich people, but just stupid people whose instinct to look down on other people is still very strong, even though other people have never had anything wrong with that person. And if you have ever seen a rich person who can benefit many people in your environment, of course people who like to look down on other people because they have a little money is a very strange thing because it is a virus that must be eradicated.

I feel like that is something I can't really guarantee at all, I try to avoid saying stuff that has never happened. Like right now, if you ask me would you look at people differently if you had millions and millions of dollars? Then I would say of course not, but it has never happened and maybe I would change with money? I wouldn't know, it never happened. Of course sometimes you know what will happen, like if I am thrown from a flying airplane, I know I would be screaming, parachute or not .

But, some stuff are not know and usually a little bit more detailed. I spent my whole college years saying I do not care about the diploma or the grades, because I really didn't, I went to college to learn, for business purposes, not for diploma, and it has been more than a decade since I graduated and never used my diploma for once, not even a single time. But do you know what happened when I was given that diploma? I started to cry, would haven ever guessed, some stuff are shock to you too.

[C10H15N]

To be sincere with you, debt is just like demotion. It is as if you are going forward, but something is dragging you back. When you are owing money, you will not be able to plan another thing that will benefit your life until you clear such debt, and you will be like some one who is not even getting the money at all. Although I know that some conditions require you to collect debt, sometimes it is not really to set some financial problems that come your way, but the real thing is to pay it back. 

To most, debt is a trap.  It's like being in a hole that the sides keep caving in - you have to expend effort just to keep even and even more of you want to get ahead.

In the United States, the biggest debt traps are student loans, new car loans, and credit cards.  Collectively, these will keep most people poor their entire lives. 

[Jody.Drummer]

If you’re lucky enough to become rich you should avoid excessive materialism, flaunting your wealth & surrounding yourself with money focused individuals. It's important to prioritise financial responsibility, seek genuine relationships & make informed investment decisions. You should avoid neglecting your personal well being & prioritise mental & physical health. By avoiding these pitfalls you can maintain a balanced & fulfilling life as a wealthy person.

That is actually the most common way most individuals from rags to riches do. I can even see people posting something they achieved in life on social media and I personally do not have any problem with that because it's their life not mine but yeah it all comes with risks we all know that.

Most people who normally post there success on the social media always fail to realize the risk it will bring to there life because on a normal they will feel that they are actually helping or motivating people on the things he go through before arriving were he is and there is nothing wrong with it but in other words he is actually telling people how wealthy and rich he is and possibly he could endanger himself by doing that, though is mostly common for those people who started with nothing and become rich later.

I think there is nothing wrong with what they do by posting their success or success on social media where there are likely to be many people who see it, because after all what is shown can motivate others or raise the spirits of others who may at that time there are people who are experiencing failure and downturn. And for me the risk that will be felt by people who show their success is nothing more than social risk, or the point is that maybe in the next few days or months there will be many people who come like asking for help such as borrowing money or wanting to ask for directions or ways to be successful like him, and for that problem I think it is not a risk, because after all the name risk is when someone does something that tends to lead to mistakes that can threaten or endanger him such as taking a decision or doing something excessively, but if not then I think posting success on social media is a common thing that many people often do.

[Marvell1]

If you’re lucky enough to become rich you should avoid excessive materialism, flaunting your wealth & surrounding yourself with money focused individuals. It's important to prioritise financial responsibility, seek genuine relationships & make informed investment decisions. You should avoid neglecting your personal well being & prioritise mental & physical health. By avoiding these pitfalls you can maintain a balanced & fulfilling life as a wealthy person.

That is actually the most common way most individuals from rags to riches do. I can even see people posting something they achieved in life on social media and I personally do not have any problem with that because it's their life not mine but yeah it all comes with risks we all know that.

Most people who normally post there success on the social media always fail to realize the risk it will bring to there life because on a normal they will feel that they are actually helping or motivating people on the things he go through before arriving were he is and there is nothing wrong with it but in other words he is actually telling people how wealthy and rich he is and possibly he could endanger himself by doing that, though is mostly common for those people who started with nothing and become rich later.

I think there is nothing wrong with what they do by posting their success or success on social media where there are likely to be many people who see it, because after all what is shown can motivate others or raise the spirits of others who may at that time there are people who are experiencing failure and downturn. And for me the risk that will be felt by people who show their success is nothing more than social risk, or the point is that maybe in the next few days or months there will be many people who come like asking for help such as borrowing money or wanting to ask for directions or ways to be successful like him, and for that problem I think it is not a risk, because after all the name risk is when someone does something that tends to lead to mistakes that can threaten or endanger him such as taking a decision or doing something excessively, but if not then I think posting success on social media is a common thing that many people often do.

I don't know what the lifestyle is like in your country, but in my country, poor people can hang out with rich people, but rich people will rarely work with poor people, and most rich people usually just cooperate and do business with rich people. Therefore, whether someone brags about their success or wants to prove that they have become rich has its own purpose. Some may want to assert themselves as talented people and want to set themselves as an example for others to make efforts as you said. But there are also some people who do it because they are looking for ways to expand better relationships to increase wealth.
In addition, perhaps the security situation in each country is different, and I don't see any risk in someone wanting to brag on social networks when they become rich in my country.

[MissNonFall9]

As many fruitful trees as there are in the world when they are full of fruits their heads are low and when they are ripe they drop their fruits and distribute them to passers-by. But what would happen if gravity did not act on all those fruits?
Money has the power to change any person at any time. But if we as humans are not in control then the fall is inevitable. The human conscience should also work in favor of gravity. Money should be used in our life but if we do the opposite we will face problems.