Things to avoid when you earn a lot or become rich

[HajiBagi]

Most of nouveau riche are raised from poor or middle class people, they want to show everyone if they're successful and rich, unlike old money where their parents already teach money when they were young and they've enjoyed rich lifestyle.

It's why new money are in debt or back become poor, they don't high knowledge about money.

Even people have told them to invest their money and how to earn high amount money in the future, they don't realize it.

Did we know that some poor people don’t think when they become successful people or they just get the small opportunity to become rich, I have begun to think that it is the poor people who don’t know how to manage money and when you advise them they will not listen because their eyes will be closed, have you heard a word that says the poor people don’t know the value of money if they make it, I have seen many people who have to make money but at the end, they end up being poor because they don’t have the knowledge and experience on how to invest or use it to do something meaningful that will make our lives better in the future.

As an individual who god has opened a door to become a successful person, the first thing you should think of is that who are you, what are going to do to make me happy in the future, and what types of things you will do even when you have a financial problem you can be happy to solve it, for me, investing and also having a business that will bring food to your table is the best thing but it also depends on individual decisions because some people don’t think than to enjoy their life when becoming rich, most especially the poor people who don’t have before a later been rich.

[Iranus]

I was also planning to ask OP this, I really want to know if he is rich or not? Or has he ever lived the life of a rich person for even a day? Because a poor person, a person who has never known what it feels like to be rich but likes to teach rich people how to spend money is the most ridiculous thing I have ever seen. Not stopping there, many people even criticize the way rich people spend money, criticizing billionaires and calling them failures while they are unemployed and have low income...these things are strange to me  .

The forum has many strange topics, teaching others to get rich, teaching rich people how to spend money, teaching rich people to save...while we ourselves are still struggling to earn a few dollars a day to cover our lives.

That's true and I also feel this is very funny because basically we can only comment on things we haven't experienced, whereas if we have experienced them then these things will flow by themselves in their respective portions.
I think people who suggest a lot of things in that place then the person hasn't felt it.

Rich people advise poor people while they never feel it, as well as for some people who are not rich who try to give advice on saving and saving, this is very funny. 

We will experience or do wherever we are and I think everyone will be different with different conditions.

In my area, even rich people do not dare to give advice to others including poor people, because they know that each person has different circumstances and challenges in life. What the poor are going through, the rich may have never experienced, so giving advice is not easy or arbitrary.

Furthermore, if we really want to help the poor by giving advice, we should share what we have experienced. Not the experiences we copy online and share with everyone saying they are our experiences. Like OP's advice, I don't see anything unique or feel like it's his experience and I guess we can easily find that advice online.

[dunfida]

I was also planning to ask OP this, I really want to know if he is rich or not? Or has he ever lived the life of a rich person for even a day? Because a poor person, a person who has never known what it feels like to be rich but likes to teach rich people how to spend money is the most ridiculous thing I have ever seen. Not stopping there, many people even criticize the way rich people spend money, criticizing billionaires and calling them failures while they are unemployed and have low income...these things are strange to me  .

The forum has many strange topics, teaching others to get rich, teaching rich people how to spend money, teaching rich people to save...while we ourselves are still struggling to earn a few dollars a day to cover our lives.

That's true and I also feel this is very funny because basically we can only comment on things we haven't experienced, whereas if we have experienced them then these things will flow by themselves in their respective portions.
I think people who suggest a lot of things in that place then the person hasn't felt it.

Rich people advise poor people while they never feel it, as well as for some people who are not rich who try to give advice on saving and saving, this is very funny. 

We will experience or do wherever we are and I think everyone will be different with different conditions.

In my area, even rich people do not dare to give advice to others including poor people, because they know that each person has different circumstances and challenges in life. What the poor are going through, the rich may have never experienced, so giving advice is not easy or arbitrary.

Furthermore, if we really want to help the poor by giving advice, we should share what we have experienced. Not the experiences we copy online and share with everyone saying they are our experiences. Like OP's advice, I don't see anything unique or feel like it's his experience and I guess we can easily find that advice online.

True, on which you cant really be able to generalized on which same as you said that life conditions would really be that different to each other and this is why making some advises on which you hadnt really been able to experience would really be something off and this is why rich people wouldnt really be giving out such specific advises on certain individual conditions but rather they would really be making it generally on which it would really be just that something that not bad to hear at. We do all really thrives on having that good life and this is why we are really that doing our very best on dealing up with investments and businesses.
This kind of path or journey isnt something simple that could really be able to succeed you up. You would be needing to pass up tons of challenges and other things along the way.

On the moment that you had made yourself that reached out the pinnacle of success then you would really be still thriving for more on which its a normal approach. To those who had reached out those
levels then it would be impossible that you would be making yourself that getting failures because of debts, yes you could really be still having debts but you do know already on how to utilize it.
Everything that you do would really be basing up on your experience.

[electronicash]

if you are not rich or your family isn't rich then maybe just sit on your money for a while and not spend anything until you come up with a business to show the people around you that you didn't get your money from an instant get rich quick scheme.

seen many rich people actually just wear simple sneakers and just walk with shirts from a mall. less threat to his family after all no one knows they are really rich. less worry and stress-free for you as well. and you have peace of mind.

[Dr.Bitcoin_Strange]

Well, in my opinion, if someone starts getting money, the best thing to do is to save to invest or save to establish another source of income. Having only one source of income is no longer favorable to some people who have a large family, unless there are just a few people in their home (two kids and parents). 

Most rich people did not just become rich overnight; they started from scratch, so they understand the power of starting small and know how to grow their financial well so that they don't run dry. Those people who became rich with a little start always know how to grow their wealth, but those who got huge amounts of money in an abrupt manner are the ones that find it difficult to maintain and sustain the money.

[GideonGono]

Don't brag or tell everyone about it, not all of them would be glad about your success some might be envious of it.
Avoid showing too much or spending too much when you are in gathering or meeting up with your friends or family.

[Churchillvv]

Most rich people did not just become rich overnight; they started from scratch, so they understand the power of starting small and know how to grow their financial well so that they don't run dry. Those people who became rich with a little start always know how to grow their wealth, but those who got huge amounts of money in an abrupt manner are the ones that find it difficult to maintain and sustain the money.

They say the level of information one consumes is one of the determinants of success and if you become rich and refuse to learn new things then surely you will go broke as soon as possible. Those who make money in an abrupt manner usually do not have enough knowledge of wealth creation and hence they don't follow the rules on how to avoid becoming broke again.

Investment is one thing that anyone with money can do to accumulate more income or stay rich but a lot of people do forget this fact and they rather spend on luxury which will end up not being an asset that grows their income. One thing my people do say is common sense is not always common so for people to have the initiative to create more source of income is always very difficult for them.

[Volimack]

There are many rich people who earn money but can't use the money properly indulge in luxury and end it all then the next life becomes difficult for them. Consider investing as a way to build real wealth for yourself and build wealth for your family for generations. You can get rich through it but you have to take big risks and wait a long time. But you will get good results.

[mindrust]

You definitely don’t want to gather too much attention on yourself. You’ll have many problems when people discover you and your wealth. Long story short you will become a target. Scammers, hackers, gold diggers, fake friends, stupid relatives… The moment they know about it, you’ll be getting calls from your friends which you haven’t seen for 20 facken years. Some of them will want to borrow money, some of them will use their mom’s sickness for an excuse… In the end you’ll hate yourself for being rich unless… you play that smart and live a low-key life.

Obviously you shouldn’t look like you are living in poverty but let’s say that you shouldn’t drive a lambo but a benz or audi is probably going to be OK.

[Silberman]

Most rich people did not just become rich overnight; they started from scratch, so they understand the power of starting small and know how to grow their financial well so that they don't run dry. Those people who became rich with a little start always know how to grow their wealth, but those who got huge amounts of money in an abrupt manner are the ones that find it difficult to maintain and sustain the money.

They say the level of information one consumes is one of the determinants of success and if you become rich and refuse to learn new things then surely you will go broke as soon as possible. Those who make money in an abrupt manner usually do not have enough knowledge of wealth creation and hence they don't follow the rules on how to avoid becoming broke again.

Investment is one thing that anyone with money can do to accumulate more income or stay rich but a lot of people do forget this fact and they rather spend on luxury which will end up not being an asset that grows their income. One thing my people do say is common sense is not always common so for people to have the initiative to create more source of income is always very difficult for them.

In my opinion one of the most important things you need to avoid when reaching a comfortable level of wealth is the people that may like to take advantage of that and suddenly they want to become your best friend, so it is important to remain skeptical about such people, as if they are unable to get anything out of you for a time, it is likely they will get tired of waiting and their true colors will come out, allowing you to see them for who they really are.

[Juse14]

Appreciate every achievement we have achieved and our hard work to achieve this. Because being able to gain financial freedom is certainly not an easy thing. Therefore, be wise in managing your finances and expenses, even if you have unlimited wealth. Don't feel like because you can afford it, you buy all the things you want. Because this behavior will only lead you to financial ruin.

Success is not the end of everything, sometimes maintaining success is more difficult than achieving it. There are still many challenges and difficulties that you will face, and be prepared for them all.

And for those of you who are still struggling to gain financial freedom, keep your enthusiasm and never give up, because failure is not the end of everything, but the beginning of your long journey.

[Egii Nna]

  ~~snip~~

There is something that I am still not clear of. From the subject of the topic, you wrote, “Things to avoid when you earn a lot or become rich,” but down in the context, you are emphasising things that you should do when you start becoming rich. Am I the only one who still doesn’t understand or what? Because if you are explaining what to avoid when you become rich, I was expecting to see things like stop gambling, stop womanising, avoid pride, and many others, but I see you are emphasising on things that you should be encouraged to do when you become rich. I was confused, so I decided to ask. Although everyone makes mistakes and is serious, you are not new to the forum, which was the reason for the question.

[indah rezqi]

Appreciate every achievement we have achieved and our hard work to achieve this. Because being able to gain financial freedom is certainly not an easy thing. Therefore, be wise in managing your finances and expenses, even if you have unlimited wealth. Don't feel like because you can afford it, you buy all the things you want. Because this behavior will only lead you to financial ruin.

Success is not the end of everything, sometimes maintaining success is more difficult than achieving it. There are still many challenges and difficulties that you will face, and be prepared for them all.

And for those of you who are still struggling to gain financial freedom, keep your enthusiasm and never give up, because failure is not the end of everything, but the beginning of your long journey.

Correct, maintaining success is much more difficult than achieving it, and in many cases many people fail again after reaching a certain point in their lives. Basically we have to keep learning, so that we can adapt to the situations and realities around us, simply put, we have to be wise enough to position ourselves. There will always be an urge to spend the money we have other than for basic needs, in this case we must be very wise in managing our wants and needs. By understanding financial management correctly, we have calculations when we want to spend money.

On the other hand, only a handful of people can actually achieve a level of true financial freedom, but we can potentially follow in their footsteps by continuing to try. There is no other way to achieve financial freedom, other than continuing to learn and being consistent in the work we are doing. It's true, at any time we will be faced with various kinds of challenges, which if we respond incorrectly will lead us back to the brink of poverty. Quoting what the OP said, be a grateful person and don't be greedy, then plan for the ideal future and adapt to existing changes.

[Hanadawa]

Furthermore, if we really want to help the poor by giving advice, we should share what we have experienced. Not the experiences we copy online and share with everyone saying they are our experiences. Like OP's advice, I don't see anything unique or feel like it's his experience and I guess we can easily find that advice online.

Most rich people who give advice about how to become successful haven't actually experienced what they say. They want to get public attention by making themselves appear as if they are hard workers who have achieved success. I see a lot of young rich people who provide motivation in the seminars they hold. They say that they can be successful because they work hard and don't give up. The funny thing is that they don't mention the privileges they get. They have connections with banks so they can ask for bank loans to open a business. If they fail, they can still pay it off and start a new business.

[ChiBitCTy]

I remember shopping with my father once when I was younger.  We were shopping at Target (kind of like Walmart for those unfamiliar).  I remember running in to a man who had a handful of coupons.  He was a friend of my fathers and they had a nice chat and he went on his way.  I'll never forget my father saying "that is the richest man in our state, and even he clips coupons"  "those who get rich stay rich by making careful money and investing decisions".  He couldn't have been more right.

[mirakal]

Well, in my opinion, if someone starts getting money, the best thing to do is to save to invest or save to establish another source of income. Having only one source of income is no longer favorable to some people who have a large family, unless there are just a few people in their home (two kids and parents). 

Most rich people did not just become rich overnight; they started from scratch, so they understand the power of starting small and know how to grow their financial well so that they don't run dry. Those people who became rich with a little start always know how to grow their wealth, but those who got huge amounts of money in an abrupt manner are the ones that find it difficult to maintain and sustain the money.

People who became rich out from hardwork and sacrifices, they don’t actually stop there and just settle on their present wealth. Instead, they set and work for a new goal to achieve, not just to grow their funds, but to increase their source of income as well so that if ever one business ends up into failure, at least there are still some left that would be reliable to generate profits. That’s how open minded the rich people are, they don’t wait for opportunities to come knocking at their door, but they always look and grab every opportunity as much as possible.

[Viscore]

I remember shopping with my father once when I was younger.  We were shopping at Target (kind of like Walmart for those unfamiliar).  I remember running in to a man who had a handful of coupons.  He was a friend of my fathers and they had a nice chat and he went on his way.  I'll never forget my father saying "that is the richest man in our state, and even he clips coupons"  "those who get rich stay rich by making careful money and investing decisions".  He couldn't have been more right.

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.

[oktana]

1. This is one big mistake people make! Once they start earning a lot, they begin to squander the money on luxurious things forgetting that there was a moment they had nothing. A song writer says, “when you’re at the top, prepare for the landing”. If only people knew this secret, they will make the most out of their very first salaries.

2. You should even owe anyone. Try as much to never owe so you don’t have any debt to pay. It is important so you don’t end up using all your salary to keep paying debt.

3. Same thing as 1.

4. It’s a flexible decision. It’s based on what the person is pursuing in life.

[C10H15N]

I remember shopping with my father once when I was younger.  We were shopping at Target (kind of like Walmart for those unfamiliar).  I remember running in to a man who had a handful of coupons.  He was a friend of my fathers and they had a nice chat and he went on his way.  I'll never forget my father saying "that is the richest man in our state, and even he clips coupons"  "those who get rich stay rich by making careful money and investing decisions".  He couldn't have been more right.

QFT

When you start thinking of and treating your money as an appreciable asset rather than just something to spend on goods a services, your entire life changes.

[C10H15N]

1. This is one big mistake people make! Once they start earning a lot, they begin to squander the money on luxurious things forgetting that there was a moment they had nothing. A song writer says, “when you’re at the top, prepare for the landing”. If only people knew this secret, they will make the most out of their very first salaries.

Lifestyle creep.

2. You should even owe anyone. Try as much to never owe so you don’t have any debt to pay. It is important so you don’t end up using all your salary to keep paying debt.

"The rich shall rule over the poor and the borrower is slave to the lender" - Solomon, son of David, king of Israel.