One Of The Wrongest Ways To Become A Millionaire

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(Edited)

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Owning, taking charge and making decisions concerning money comes with a lot of discipline and responsibility. Someone who doesn't understand the principle of risk cannot understand how to take proper charge of spending money. Ernomous wealth can be overwhelming especially when a person that's suddenly become really Wealthy cannot handle that recent financial position. One of that ways is to become wealthy by either winning a lottery, a lot, or inheriting wealth beyond the capacity or expectations of a person.
In this video I talk about how luck becomes ill luck and ruins people who became wealthy without actually being prepared.


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15 comments
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We learn to discipline our selves with the little we have such that the sudden riches can be handled responsibly.
I understand this quite a lot and people around here are conversant with it.

I heard someone say 'why save money when another will always flow in' meaning a cash at hand must be spent since another one is coming.

That's is from a politicians spoilt brat, he was never taught what money discipline is.

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Well, a lot of wealth can bring a lot of things. Let's say I hit you with $200 million, you might even get to throw a party or faint. Someone else might do the same, handling money isn't easy especially when you didn't earn it organically.

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Exactly 😂

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I know you will close the streets and party till you drop Monica. All the experience you've acquired on Hive will be out of the window.
🤭

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😂😂😂😂😂. Can't stop laughing.

Nah, you definitely got that wrong. Aint the party type and I have learnt how to invest and reinvest money A lottery will just add more to the investment while we work to achieve financial freedom.

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Lol, glad I got you laughing. Am sure you are clued up and a smart business lady.

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Exactly, the kind of money will make one shut down their street for 6 months and twice in a year 😅😅😅

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It takes more in staying successful or wealthy than getting successful. Riches acquired over lottery in most cases goes to easily like it came easily unless the individual has had some financial know how of how to keep the money generating more which I feel we are all learning by the day here on HIVE.

There's definitely more to hitting that jackpot, the real test comes to play in getting that jackpot multiplied.

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You've exactly buttressed the whole point, although I believe people with financial experience could handle the excessive abundance that some amount of money can bring but most of the times we find people who become way worse years after the hit the jackpot, it's always pathetic.

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Yeah man I really agree with you sometimes when people get the wealth that are bigger than their think capacity they tend to squander it unnecessarily because they won't be able to thing. Nice briefing. I love all you said

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Well, it's when it an amount that becomes too much to even begin to comprehend.

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Yeah you know sometimes it is said t hat when a kid gets a money that is more than his or her age he tends to misbehave.

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The house always has the edge when it comes to gambling. So I tend to avoid it. Though I think the miners in HE might be fine since the miner keeps a certain amount of value.

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