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If someone makes a lot of money (legally and ethically), it is probably also good for the economy and the people around him.
Multiplier effect.
That's something I remember from Economics.
People like that are usually looked upon as rich.
Some might not be very good at making a lot of money or might not have the inclination to make a lot of money.
Does this mean that they cannot be rich?
Regular readers know my answer to this question.
No matter how much money we make, if we spend more than we make, we are in for some trouble.
However, this might not be the case for some lucky people.
A reader shared this story:
"His whole life is about showing off his consumer goods, BMW, branded watches, holidays, etc.... all his money came from my parents who indulge in him...
"When my sister-in-law died, he inherited the insurance money .... and blows $700K within 1.5 years.
"He called himself not good in managing finance but in reality is addicted to spending money and refuse to accept responsibility..."
How do you feel?
What do you think?
In another blog post, I said:
"Of course, sometimes, people need to suffer a fall before they are aware of their financial mortality."
Some people are lucky enough not to have to suffer a fall.
So, they live within an illusion of financial immortality.
The operative word here is not "immortality".
The operative word here is "illusion".
Wonder why some will never be rich?
Having the right philosophy in life will guide us on the right path when it comes to money matters.
Remember the 3 attributes of a wealthy peasant: HERE.
Related posts:
1. From rich to broke.
2. If we are not rich, don't act rich.
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