Topic: Luxury and spending lifestyle fastest way to poverty rich kids - page 9. (Read 1341 times)

People's way of losing their money immediately is one of the reasons for Lifestyle inflation and of course, they want to get in the trend and have a superiority over others they keep buying the things to flex to other they don't mind the money because they get inherited a large amount and they didn't work it hard too much just asking to their parents they give it to them immediately, but in the reality, if their parents didn't support at all, limit the funds and let them take with their actions sure sooner or later they will immediately lose their money in just weeks or months. Without proper money illeterate makes people poor not in just in money but in mindset too.

OP, why do you care about other people? Is it good to count other people's money? Why should you care about their problems, or, on the contrary, their joys? You can't judge others; look at yourself. Many young people use their parents’ money, but it’s their money. Where are you there? Maybe someone is not managing their finances correctly, but why do you care?
You must look at yourself. What are you doing? What path are you going down? Rob the rich or get them addicted to drugs will eventually backfire on you.
If you know how to manage money and act, but do not judge others, this is not your freedom.

If there are kids from rich families who suddenly become poor, it's probably because they chose to live a life that doesn't depend on the wealth of their parents. There are others, like the children of the rich, who do not want to depend only on the wealth of their parents.

Because they want to show that they can do what their parents did, or others because they did something wrong that made them become beggars or homeless people, there are various reasons that we just don't really know all of them.

Most of the challenges the rich kid encounter lately, is due to over pampering of kids by there parents and always being afraid of something bad will happen to them, whiteout knowing that what they are preventing is the real problem they will in the nearest future. In my region I discover that most rich kid always full victim of fraud like stealing, pushing of hard drugs like cocaine, raping, kisnaping, always taking loan from co-operative organization and others all this is as a result of no longer being satisfied with the money they are seeing. Emagine a kis at 17 years who have not made $30 of its own for the first time in life is spending $500 a week. Probably if he/she reaches at the age of 30years, h/s will be spending maybe $3k per week. And most of this unnecessary expenditure is on drugs.


Most of the the real cause of money mismanagement amongst rich kid is because they haven't tested suffering in there life. It is good sometimes rich parents exposed there children to some sort of place where they can work and earn money and take full responsibility of themselves, sothat the will know the inportants of money and how to utilize it even when their parents are no more.

Here is a very simple answer - from childhood, children should understand what money is, what it is worth, and what a tool it is.
The unlimited filling of children with money is the best option to steal their future.... Better spend your time socializing with your children and educating your children. Don't "buy" their love and appreciation with money, it won't do any good !

And the most important thing is to convey 3 thoughts to your children:
- resources of rich parents are not unlimited (either money or parents themselves will run out), and it is not a fact that you will become an heir
- you should be able to earn money on your own, and provide for yourself on your own, and be independent in general.
- and a very important idea "money is a great servant, but the worst master".

Wealthy families usually go bankrupt in the second and third generations, especially if the family's wealth is based on one person or individual, but the bankruptcy of these families may mean that they transform from billionaires to millionaires or even ordinary individuals with a few thousand dollars annually and not homeless or homeless children.

In my country, there is a social system that makes it difficult to have a homeless child among family protection, as distant family members are the responsibility of the family in addition to government care, but they may be poor or have low income.
The problem of homelessness is not related to economic conditions as much as it is related to social and family factors and sometimes addiction and psychological problems.

Maybe this is true. But not all children from rich circles easily fall into a free lifestyle and waste money on partying. Because I also have many acquaintances with rich people whose children are well educated. Even though they are rich, in reality their children are not always given freedom, especially when it comes to finances. Many rich people actually encourage their children to live independently without relying on the wealth their parents have. Because their parents' property has definitely been passed on to them. But they must have their own pride in making achievements with their own hard work and hard work. One of my college friends even has to work part time even though I know his parents are not ordinary people. yes his parents are prominent rich people. But he said he preferred to live by relying on the money he earned from his own hard work. But yeah, I also had acquaintances when I was in college, they were rich people's kids who changed cars every day and showed them off in front of the campus. But I know their parents are rich people who are too busy with their business so they don't have time to educate their children at home. and only rely on private teachers to educate their children. so that the child lacks emotional education. Well, they tend to be lonely at home so they choose to look for fun and try to escape loneliness by partying outside and constantly wanting to be the center of attention among their friends. And one day his parents will realize that they were wrong because they were too busy with business and forgot to pay attention to their child. So it is possible that their children will not become heirs who can keep the family business successful.

Lifestyle, cost of living, and financial management are interconnected with each other. I don't know what the exact minimum expenditure is in Europe but clearly the demand to continue to meet needs will be a major factor. The habit of partying without having a stable source of income will gradually make us poor. That is why the role of financial management must be studied in order to survive.

The children of rich people depend on how their parents educate them, whether they continue to provide them with all the facilities they ask for or whether they give them the right upbringing. But generally these children always behave spoiled, feel that all their needs are met and don't think about what the future will be like. The environment and friends you associate with determine which direction you end up in, it's not surprising to find several homeless people who turn out to be former rich people whose lives have gone too far.

Rich people always think that all problems will be solved with money. so that rich people continue to pursue their careers in the world of work and in the business world, with the aim of continuing to enrich themselves, but unfortunately most of them ignore their most valuable asset, namely a child.

And getting drunk and gambling is not what they (young people) want, but it is an escape for them. because when they go home they don't get happiness or warm love from their parents, because both parents are busy with work.

And that's not a small number, there are many children who lose their parents' love, so that when they grow up the child becomes someone who disobeys their parents. There is even a child who has not received parental love since he was born, because as soon as he was born he was immediately taken care of by the nanny.

So, as parents, no matter how busy we are, we spend as much time as possible directly ensuring the development of our children, because they really need the attention and love of their parents.

This attitude has become a crisis problem for young people today. This problem can give rise to an increasing sense of prestige and make them lazy about working and thinking about getting rich quickly without working, and they turn to gambling and other stupid activities.

Who would have thought, isn't this also the fault of parents who fail to educate their children?

I don't know that the OP is taking the problem seriously when the majority of homeless people are refugees, unemployed people whose homes have been confiscated,... and in the case that the OP mentioned, I think there are not many.

Going back to the main issue about the lavish spending of children born into rich families, I see the problem as a balance: if they can afford to pay for those things, they have the right to do so. I don't know if you can imagine, people who have money also know how to share it with charity, so don't just judge negatively, but be fair to all sides.

The problem with some of the young people today are their attitude ...and now I sound like my parents, when I was still young. These people seem to think the world owe them and not the other way around.

The majority of them want to start at the top and they think everyone can be an instant rich social media influencer.    They look up at these people as if they are some kind of superstar.

The "selfie" generation need to understand that hard work and self sacrifice are the building blocks for success. You can work hard and smart at the same time.... and you do not need to live on fast food to survive.

A lot of the rich kids that ended up on the street, never worked for the money that they splashed on parties and booze and drugs, it was inherited from their hard working parents. 

This actually makes sense since spoiled brats will be the most gullible people out there when it comes to spending and they're the most likely people to be buying luxury items so it makes sense you will have them as your target market if you want to create a successful business but got to make sure that your product is something they can flex on other people and make them raise their status.
Sure the example is a bit wrong and will deliver the wrong message but if you actually use common sense, they make sense that you will have these rich kids as a customer base for your products because they don't mind spending money since they're mooching off of their parents' money. It's difficult to do the luxury looking but cheap because the looks of luxury brands are what's extensive to do and you can't do that with cheap labor and your cheap labor isn't a sweatshop somewhere in Asia.

Well, that's the problem, I don't think I could enter their social circle to make them poor. This is a kind of bet on the chance of exchanging wealth levels. After all, this is just a poor guy's way of thinking that getting rich unnaturally is that easy.

Knowing a few spoilt rich kids who are now homeless is not a good basis for claiming that many of them are from wealthy homes. Many of those homeless people are immigrants, while others are on the streets because of economic problems such as unemployment. Only are few percentage of them are rich kids who are suffering from all sorts of behavioral problems. But do you think it is proper to sell drugs to these rich kids who need help, only drug peddlers will do such.


Keeping wealth for children is not a guarantee that they will remain rich or comfortable. Many of them lose inherited wealth due to luxurious lifestyle. Parents should spend quality time with their children to imbibe the right attitude and values. Some rich folks prefer to pursue businesses and politics while allowing strangers to raise their children. These children will end up becoming addicted to several unhealthy habits that will make them lavish all they have inherited. Off course some hardworking people will take advantage of the condition of these spoilt rich kids to buy cheap houses, cars and other items.

There is some rich children that are not properly breed because of how they being engulfed by wealth causing them to lose focused which quickly create a channel for excessive spending by indulging themselves in one form of drugs or other, they mostly and easily turned to drugs addicts that why is most family's today easily get broke whenever their parents aren't living anymore. All these is a result of lack of wealth preservation and orientation, and of course many of them don't want to learn and they don't care about their lives because possibly their government taking good care of every single citizens or maybe there is proper medicalcare which ensure the live of her citizens are always safe.

The rich kids are founds of living a luxurious life without knowing if they don't plant or sow (invest) for more money they often ends up being a beggar why due to lack of planning and funds misappropriation which can easily leads to starvation that often stirs up to rehabilitation.

you’re saying that we should sell drugs and liquor to rich kids who are now poor because of drug addiction and alcohol abuse?

the example you used are kids partying and spending money like it’s nothing it’s true that you could have them as your target market and gain profit but this will weigh in on too much on my conscience i also don’t think we should sacrifice our own safety just to get rich

instead you’d want to sell to middle-class people sell them items that are luxury looking but are cheap i’m not saying to scam them but a lot of middle-class people buy fake goods because they want to seem rich for some reasons they’re the most expressive about their purchases

If you want to be rich sell to rich kids.
Now let's talk about homeless people in USA and CANADA.
The world don't know that many of those homeless people are from the rich families.
And If they been spending years no stop then even they will get a lot money they still can lose it fast.
Once the old pals will die like joe Biden who's hard working and tough guy then their kids will go broke.
Canada and USA have the same problem and Im not just talking i know personally those kids who use to have money but now they are dead homeless or drug atticts.
This is the reason why USA and Canada native race become smaller and hard working indviduals taking over the country while native people falling.
You looking from TV and see that homeless people you think they born poor but it's not case i've met with many who use to drink and Party in Europe bahamas like 100-300k easy in one year and now they are broke.
Once the guys like joe Biden will go away their kids can't handle nothing maximum will be that they easy targets for foreign sharp minded people to take advanched of the situation.