Quote from: uneng on December 18, 2023, 04:19:42 PM

Quote from: Qiubell5 on December 18, 2023, 02:55:54 PM

This world is spinning, what is below can become above, and what is above can become below. Likewise, a person's economic situation can definitely change. A big example is people who are very rich but become poor and this often happens. Because that's what the wheel of life is like. However, for people who were originally rich and whose fate changed to become poor, this does not mean that it just happened. But most likely, it was the result of his own actions. Such as not being able to manage money well, having fun with the lifestyle, and also not thinking long about the future. So because of his actions, his fate changed.

You are completely right. And this situation has been visible along generations during the whole story of the world. A rich family today isn't assured to remain rich if their heirs didn't develop a mindset of responsability, financial management, long term business vision and cost containment during crisis times (even the riches have to know when to reduce expenses).

Sometimes the householder is so concerned about running his businesses that he forgets or neglects the fact he should take some time to teach his children to maintain his legacy once he is gone. Then he has those children living alienated only spending and wasting money without thinking on what tomorrow will bring.

Indeed, quite a few children of rich people are indirectly neglected by their parents. This means that parents and children rarely interact because parents are busy working. And the result is that the child does not receive maximum guidance from his parents, which in the end can actually destroy the assets inherited by his parents.

Maybe the child studied, and was sent to school by his parents. But the problem is that children do not get important lessons from their parents. Like asking his parents about his career journey and how he became as successful as he is now. That is very important, because children are always quickly motivated by their parents.