Topic: Things to avoid when you earn a lot or become rich - page 11. (Read 2171 times)

Experience lets us know what mistakes/rights are appropriate for the life we ​​are living, I once saw a saying "poor people have money" yes in this situation I think it reflects this. there.

Lack of knowledge, skills... even if you have a lot of money but don't know how to spend it properly, you are no different from a poor person. But in essence, I see that most of us cannot avoid the seduction that money brings, it governs our behavior so that we have many choices that we have never satisfied, but at a certain point. that will also realize that it is just a means to help us find a fulfilling life.

In this life everyone wants to live a luxurious life and have a fantastic income to be able to own luxury goods, but some people use the wrong way to meet their living needs and they only look rich but all the goods they own are already in debt, so when the point in the example it is always the opposite so that the flow of life is full of ups and downs and you never feel happiness even though you have lots of luxury items, so in this life we ​​have to know each other's levels so that we don't feel difficulties in living this life.

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.

Are you rich, OP? If you are not rich, what makes you think that you could give advice to rich people(or to poor people, who suddenly become rich)? Poor people giving advice to other poor people about becoming rich seems like a joke to me. How many rich people are using this forum? I really don't know the exact number, but I can assume that the truly rich people won't waste their time posting in a forum.
Rich people usually buy lots of real estate(expensive houses, etc.) which can be sold when they have financial difficulties.
I remember Nicolas Cage having problems paying his taxes in the USA, but Johnny Dep stepped in and paid Cage's taxes.
If you ever become rich, do whatever you can to find rich friends.

maybe they just want to share with others what they have achieved now, there is nothing wrong with sharing them but for me it is better if we keep it to ourselves so that we can also stay away from other people who have bad intentions to us and of course it's valid if we enjoy the things we achieved in the beginning but we should be ready for the next things to do and that is the wise handling of the money we got, so that it doesn't run out quickly, let's avoid the one time big time mindset especially if we know that the money we have is limited.

   
And the following is what we should do:

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.

   
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.

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.

It's not not what you make that makes you rich, it's what you keep.  

You are in no way wrong from all you listed, becoming rich is everyone's dream and we all are working towards achieving such wealth, as we likely are aware of the benefits attached to being rich. It is very bad to be once known to be rich and then further in life due to lacking some personal qualities goes back  to being poor. Many people have been into same condition due to falling short for some of the points you listed especially that of not buying expensive things instead a person should be focused on growing more wealth rather than spending lavishly.

It's not not what you make that makes you rich, it's what you keep. 

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.

3. Be prepared for big changes.

When you have a lot of money and you have changed the quality of your life, whether it is poor or rich, you need to be doubly careful because you can lose a lot of things. So it is very good that you are ready for this big change. And the preparation that you should do is the preparation of our new life. Let's design our new goal that we want to achieve, and what lifestyle do you want and what kind of person do you want to be with?

We need to do it more when you're rich, because you shouldn't settle for what we have achieved now. We still need to move on and pursue other meaningful things. We also need to grow, and we shouldn't be naïve in our behavior because many people will suddenly show up when they know they can get something from you.

~

We do know that each person is really that different on which there are ones who do really mind about their obligations but there are ones who dont really care and just simply defaulted out the loan or they dont play simply.
Even if its your close friend or someone, they wont really be showing any care at all and thats indeed the reality but we do know that there's karma for those who dont pay up their debts or taking advantage into those people who had helped them specially on the time that they do ask out some loan or borrowing some money. Debts are something that should really be avoided but we do know that there are indeed times in our life
that we are really that in short in terms of finances or money on which it would really be causing up that borrowing money on which it would really be something that you would be doing.
Debts would really be only significant on the moment that you would really be tending to make some business or investment but on the moment that you would be making use of those debts into some useless
things like travelling or having that lavish life then this is where problems do really start.

As much as possible you should really be knowing on how to save up because on the moment that you do want on buying something then you could really be able to do so without any issues since
you do have the money that you could really be able to purchase on.