Things to avoid when you earn a lot or become rich

[eightdots]

Well, sometimes new rich people or people who have just gotten a lot of money, don't know what they are going to do with that money, and think that it will continue to be there. Many people buy expensive things, or don't pay attention to the investment or business they are building, so they spend the money for nothing. This is usually realized when their income starts to decrease, or their money will soon run out.
However, I have also felt this way, when holding quite a lot of money, but I was lucky that I had time to pay attention to several investments which currently still continue to provide me with income, although not that much.

Having the thought that money will never run out is a big mistake someone can make, every day there are needs that must be met which drain the pockets. If expenses are not balanced with income, slowly the wealth owned will continue to decrease and over time the wealth will run out. The first thing that needs to be done is to balance income with expenses, it is necessary to innovate with his wealth to generate profits such as building a business and investing.

Next, always prioritize needs over desires, this method will prevent overspending and indirectly build good financial management. There are so many ways you can increase your wealth, every daily expense or weekly expense will be covered from business profits and investments, in this way you can meet every need without having to disturb the wealth you have so far.

The money is not going to last forever, man. That much is obvious. We do, however, behave as though it were. Like we can keep scooping from this endless hole. Hilarious, really. What if we gave up treating money as something we had to save? What would happen if we handled it like a damn seed? Plant it, and see how it grows. I'm not only talking about equities and real estate. I'm talking about investing in ideas

Think big, guy. Launch a problem-solving business. Profit and change the world at the same time. Spending money is a vote for the kind of society you choose to live in. Purchase from regional companies and back environmentally friendly goods. This is about life balance as much as checkbook balance. You build a legacy and avoid debt by living within your means. Your money ain't just for you. It's a tool to build a better world. Use it wisely

To stay rich, you need to keep doing the right things you did while making money. Being rich is not always permanent and requires sustainability. That's why many wealthy people seek advice from advisors. Everyone wants their wealth to be sustainable. They are afraid of temporary wealth.

When you are rich, it may not be right to fulfill all your desires at once. You need to work to make your wealth permanent. This business should be in a plan and we should constantly increase our income. Some wealth of fixed value is temporary. Money needs to increase and become regular.

I agree with what you say about investing in ideas. Investment should always be diversified.

[Belarge]

To stay rich, you need to keep doing the right things you did while making money. Being rich is not always permanent and requires sustainability. That's why many wealthy people seek advice from advisors. Everyone wants their wealth to be sustainable. They are afraid of temporary wealth.

When you are rich, it may not be right to fulfill all your desires at once. You need to work to make your wealth permanent. This business should be in a plan and we should constantly increase our income. Some wealth of fixed value is temporary. Money needs to increase and become regular.

I agree with what you say about investing in ideas. Investment should always be diversified.

Investment is important for everyone, one of the dependable streams to use as backup. Wealth is generally a priority for everyone but we should also stick to making principles that will elevate one to reach the top. To become rich, one need to make crucial sacrifice to get to this phase and maintaining it becomes stable for promising streams.

[GeorgeJohn]

This is like a personal suggestion to anyone because it is something that has to do with the occurrence of life to the society but from my own perspective and point of view I understood that whenever you are rich you have a lot of responsibilities and it is obvious that he reaches does not have a hidden agenda or hide under things, so you must be open to people depends your current attitude so I believe that when is someone became rich it will affect the mentality of the person's characteristics but it is only a few individuals on Earth that can be able to have a control over power of Riches

[Agbamoni]

This is like a personal suggestion to anyone because it is something that has to do with the occurrence of life to the society but from my own perspective and point of view I understood that whenever you are rich you have a lot of responsibilities and it is obvious that he reaches does not have a hidden agenda or hide under things, so you must be open to people depends your current attitude so I believe that when is someone became rich it will affect the mentality of the person's characteristics but it is only a few individuals on Earth that can be able to have a control over power of Riches

OP, is looking at things from a general point of view. Have you ever asked yourself that whenever you are rich there are lots of responsibilities that come it doesn't mean those responsibilities were not there when you were poor. Many would say why now? What I'll tell you here is that the responsibilities were there when you were poor, but you don't look at it as a responsibility. Immediately you get rich you tend to see those things as your responsibilities and accept them. If we can see things at the same way we looked at when we were poor, we will surely make good use of our money when we were rich.

[Smartvirus]

Most persons are concerned about earning money, they just want to earn money which is a good thing but, the and most important thing that accompanies having to earn money is; you having to keep that money. I’m tact, earning comes cheap and easy to some persons but managing this money, using it in a way that it could last you for the time it needs to have a top up and even acquire some luxury is the real deal.

This is why you find people having personal accountants. Go look up on their assets and I form them when they are doing badly and when things are just in line with the plan. You need a good management strategy should you want to stay rich as, haven’t got and then results to lack is one of the worst things that could happen to a person.

[Jody.Drummer]

indeed managing finances is not easy, not everyone can manage finances well, there are people who already have a lot of money or a clear source of income but they still experience financial problems and I think that's because they can't manage their finances well so they often run out of money even though their income is more than enough, expenses that are not too important are what they have to pay attention to when they already have a lot of money or already have a clear source of income. For some people they are very lucky because they can make money easily but that doesn't mean they can spend the money they have without consideration. everything must be considered as carefully as possible.

saving or saving must be done, many people do not pay attention to this even though saving is a very important thing because by saving they will have a certain amount of money for the future where there is no certainty about the future, they could experience bad events such as illness that requires medical costs, by having savings, emergencies like this can be handled without borrowing or borrowing money.

[Qiubell5]

indeed managing finances is not easy, not everyone can manage finances well, there are people who already have a lot of money or a clear source of income but they still experience financial problems and I think that's because they can't manage their finances well so they often run out of money even though their income is more than enough, expenses that are not too important are what they have to pay attention to when they already have a lot of money or already have a clear source of income. For some people they are very lucky because they can make money easily but that doesn't mean they can spend the money they have without consideration. everything must be considered as carefully as possible.

saving or saving must be done, many people do not pay attention to this even though saving is a very important thing because by saving they will have a certain amount of money for the future where there is no certainty about the future, they could experience bad events such as illness that requires medical costs, by having savings, emergencies like this can be handled without borrowing or borrowing money.

From my point of view, it would be better if we had a lot of wealth by being able to manage our finances, wisely, of course we have to think from a low level and the process of getting the wealth that we earned from the beginning with difficulty is by thinking like that, making it possible to spend money. or invest it very carefully because we remember how difficult it is for us to start life from the bottom and that makes it a lesson that is hard to forget. The success we have achieved now makes it the best teacher for every experience we have and it is very important not to spend,
money that we get without careful consideration.

[johnsaributua]

Money is like mineral water that we have and can not feel heavy when spending it, even a class of companies / big figures can stumble with large expenses, both for needs and covering holes during operations. The point of the root is that even the smallest expenditure starts from the individual himself, can manage well and minimise. Although sometimes when saving a lot of wealth too freely on the pretext of urgent interests, that's how I feel. . I don't see when the income/profit comes fantastically, but I feel when opportunities are quiet, market competition or natural obstacles that allow me to lack jobs, being wise in managing assets such as being in a crisis is better than being wasteful. Of course, I will focus on increasing my portfolio and other physical asset wealth. Indeed, this is a simple technical theory that enters the human brain, avoiding the proverbial big peg than the tihang, but everyone's fortune has its allotment and is arranged by God, there is an allotment of wealth levels with the opportunity we only try and look for.

[bitvestorhacked]

Anyone can try to give advise on this topic, the same principle do not apply to everyone, i can say that for sure, it is not about rules to not go broke or rules to maintain your riches, money is meant to be spent, you are supposed to enjoy it as we do not have forever on this planet earth, but planning is what matters, poor planning and bad advises will surely ruin you and if you are in the company of people who give you bad advises constantly you will indeed lose your fortune regardless of what rules you are asked to follow, this influences holds greater control, but then again if a broke person with such friends will find it difficult to break out from such people when they get rich. How to get rich and stay rich? The simple answer is from experience, Get rich, be stupid go broke, work hard again and get rich, believe me this time Experience will teach you to be scared and wise at the same time.