This why when I have children in the future, even if I've achieved wealth by then, I will instill a sense of financial responsibility in my children. I will teach then that money is earned and not given or inherited. If they are to be part of my company (should I have one then) they will start from the level for which they are qualified and work their way up. It's easy for us to wisely spend the money we got through some effort than money we got easily. Not many parents understand this.

@tipu curate 

You’re right about remembering where you come from no matter how wealthy you get. But I think that past a certain number, even the people from the most humble beginnings will forget they came from poverty. It’s really just a matter of numbers and how secure those numbers make you feel against splurging.

Some people being extravagant even if the source of their income is a hard way they just can't stop spending money any how.  

<blockquote>All I saw were wealthy individuals throwing money around without mentioning their source of income.</blockquote> 

Lolzzz And yet they'll  say the world is full of poverty where by the problem of the economy usually  comes from the rich. If that money is spent on families and homes in the ruler settlement  is that a crime ?

We talked about luck in one of your previous posts. Your Chinese or Korean guy example may have been lucky, but he also worked for his luck. So, he knows how hard money are made and remembers what it's like to be poor.

But luck has a different facet. The kind when it hits you unexpectedly. Like winning the lottery, at the casino, 1000%+ on a meme coin, a bet with a huge pot, all while that makes a significant difference to your financial situation, all of a sudden. Many succumb to the pressure of the sudden gains and end up broke in a matter of years due to a string of bad choices, after that happens. The unexpected money simply takes their minds away, and they can't exert the level of control they might've had before, maybe thinking they will never end. That's where bad financial education comes in too. Or maybe they are careless by their nature, and they just didn't have the "opportunity" to show it until they had real money on their hands.

Congratulations @josediccus! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

<table><tr><td><img src="https://images.hive.blog/60x70/https://hivebuzz.me/@josediccus/upvoted.png?202412151719"></td><td>You received more than 700000 upvotes.<br>Your next target is to reach 710000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@josediccus) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out our last posts:**
<table><tr><td><a href="/hive-122221/@hivebuzz/lpud-202412"><img src="https://images.hive.blog/64x128/https://i.imgur.com/pVZi2Md.png"></a></td><td><a href="/hive-122221/@hivebuzz/lpud-202412">LEO Power Up Day - December 15, 2024</a></td></tr></table>

<center>**Curious about HivePakistan? Join us on [Discord](https://discord.gg/3FzxCqFYyG)!**</center>

<center>Delegate your HP to the [Hivepakistan](https://peakd.com/@hivepakistan/wallet) account and earn 90% of curation rewards in liquid hive!<br><br><center><table><tr><td><center>[50 HP](https://hivesigner.com/sign/delegateVestingShares?&delegatee=hivepakistan&vesting_shares=50%20HP)</center></td><td><center>[100 HP](https://hivesigner.com/sign/delegateVestingShares?&delegatee=hivepakistan&vesting_shares=100%20HP)</center></td><td><center>[200 HP](https://hivesigner.com/sign/delegateVestingShares?&delegatee=hivepakistan&vesting_shares=200%20HP)</center></td><td><center>[500 HP (Supporter Badge)](https://hivesigner.com/sign/delegateVestingShares?&delegatee=hivepakistan&vesting_shares=500%20HP)</center></td><td><center>[1000 HP](https://hivesigner.com/sign/delegateVestingShares?&delegatee=hivepakistan&vesting_shares=1000%20HP)</center></td></tr></table></center>
<center>Follow our [Curation Trail](https://hive.vote/dash.php?i=1&trail=hivepakistan) and don't miss voting!</center>
___
<center>**Additional Perks: Delegate To @ [pakx](https://peakd.com/@pakx) For Earning $PAKX Investment Token**</center>

<center><img src="https://files.peakd.com/file/peakd-hive/dlmmqb/23tkn1F4Yd2BhWigkZ46jQdMmkDRKagirLr5Gh4iMq9TNBiS7anhAE71y9JqRuy1j77qS.png"></center><hr><center><b>Curated by <a href="/@bhattg">bhattg</a></b></center>

I have to agree with your article. 2nd generation wealthy acts differently from the 1st generations. 

I think it's common to stall when you are making a large purchase. The money that you have means a lot more when you don't have much and you spent a lot of work to get there. It makes me wonder because those rich people can spend so much money and not blink an eye.

!discovery 30

When you earn your money through hard work, it's always hard for you to spend it careleslly. At least having a reason for purchasing a product is more reasonable than just buying it coz you can afford it. Some would even go as far as buying it coz they didn't have such while growing up even tho they don't have any need for it. 

>until a wasteful offspring is born, ending the family legacy.

I've seen some people who are actually the definition of wasteful offspring, there's this guy, his father was well to do, he's dad died and passed most of his inheritance to him, he forgot where he came from and was very wasteful with the resources, now he's a security guard.
From someone who inherited two houses to a security guard.

What a wasteful offspring 🤦‍♀️

I'll probably be part of the camp of people who will refuse to buy certain things in life no matter how wealthy they become. Just because I can afford something doesn't mean I have to buy it, especially when I don't need or want it. Of course, it's a different case altogether if it's a loved one that needs or wants this thing. But I think for the most part, we're always reluctant to spend the money that we worked hard on earning, feels more like a robbery than a value exchange :) 

When  you earn your fortune you are going to be very careful about spending. I know I am.  There was a time when my family had money way back in the late 1800's. The children all managed to squander it all away... If you're given generational wealth you don't appreciated it and it is often wasted as you mentioned. 

Hopefully crypto will make us all fabulously rich eventually! One can dream anyway!