Quote from: uneng on September 30, 2024, 05:08:23 PM

Quote from: UTON Blockchain on September 23, 2024, 09:58:14 AM

But here’s my take: they're probably just like us, only with more zeros in their bank accounts.Maybe they're stressing over their crypto portfolios, wondering if they should have bought that extra Bitcoin last week instead of that third vacation home.

I don't think so, because in order to accumulate so much money and to make it grow within time, a different mindset configuration is needed. Rich individuals can't maintain their financial status on long run by having the same mindset ordinary people commonly have.

And when a rich has that kind of average mindset (heirs), he ends losing his patrimony or decreasing it considerably along his life. Management skills and an approach with focus on long term goals are needed.

To be rich doesn't mean only to have money under your disposal, but also to respect money, so you can use it responsably in your favour.

Heirs losing it is even worse because poor do not have any money to lose, they just fail to earn money like the rich people earn, but heirs already have money and all they need to do is keep that money. Hell by that time, depending on how rich, you can literally sell everything, put it on some interest, and live off that a wealthy life without worrying about ever becoming poor.

Even over half of the poor people would live better than these heirs who lose all their wealth, given enough chance. It's sad that people would lose that much money, mainly sad because these type of people do not lose their money to people who need it, they lose it to banks and loan sharks and all that, meanwhile their workers won't be even paid their salary because they bankrupt.