| json_metadata | "{"app":"musing/1.1","appTags":["life","money"],"appCategory":"life","appTitle":"What is the easiest way to go broke?","appBody":"<p>Good question, friend!</p><p> Perhaps so far many have thought that the rich will always be rich because the money is unlimited and can be invested in many businesses. Apparently the assumption is wrong, you know. In fact, there are quite a lot of rich people who go bankrupt. Some of them even fell into poverty.</p><p> The background of bankrupt rich people also varies. Some of them are business people, sportsmen, and celebrities. Business people usually go bankrupt because business debts are swollen, while sportsmen and celebrities usually go bankrupt because of their popularity, and hedonism lifestyle. In fact, many of them are involved in drug abuse.</p><p> However, the most frequent cause of bankruptcy is due to a person's lack of knowledge about money management. Some people say that those who have too much money but have no knowledge of how to manage it will experience big problems, or just like not having money. Is this assumption excessive? Certainly not.</p><p> Those who have never been trained in how to manage finances, do not have adequate education about finance, and do not have financial advisors, it is likely that they will only save their money in the bank. The reason is because the bank is considered to be the safest place to save money.</p><p> Money is only kept in the bank, but expenses and lifestyle are quite large. This is the beginning of the plague of bankruptcy of the rich.</p><p> Actually, money does not make a person become rich constantly, but it is education and financial knowledge that makes a person stay rich. No matter how much money we have but cannot manage it well, then gradually the money will soon run out.</p><p> Then there are some rich people who originally came from simple families or even poor families. What happened later, the rich man became the economic foundation of other family members. There are even families or closest people who want to be 'sprayed' so that they borrow the money many times. Unfortunately, often borrowed money won't come back again.</p><p>One of the skills to be able to remain a rich person is the ability to refuse and eliminate feelings of 'bad taste' if you don't give money to other people. There may be relatives or families who will consider us stingy, but this is important to do because you also need to maintain financial health.</p><p> Helping family or family finances is indeed a good thing, do this wisely. We also have to take into account expenses so that the good we do is not utilized by someone. Too often spending money because you cannot refuse someone else's request can be disastrous for your finances. Your misused generosity can make you trapped in debt.</p><p> Rich people who have financial knowledge must know that assets are a good expense. Rich people who are not financially literate often forget this. Buying assets can be used to buy the next asset, and so on until the rich get richer.</p><p> One example of good spending is buying property, such as a house. We know that property prices always increase every year, so the value of the assets of the rich will continue to increase. Imagine what the value of the property would be in the next 12 years, of course it would be far more expensive.</p><p> Whereas one example of bad spending is buying a luxury car. The value of this car will be reduced in the next year, not to mention maintenance costs and also quite expensive fuel costs. This can increase expenses. Calculate how much the decline in the value of the luxury car 12 years later, of course the price will fall once.</p><p> According to many financial experts, if you want to get richer, then the first thing to do is study. Learn about financial intelligence because this is a very important asset.</p><p> Well, this often happens to new rich people. When someone who has never had a lot of money before, and suddenly has a lot of money, usually that person will feel the best and feel smart in many ways, including in terms of spending money.</p><p> So, don't be surprised when new rich people waste their money for a moment of pleasure. Often he also wants to show off to others, and wants to show many people that he is capable. The new rich man does not know that the habit of spree will drain a lot of money and will be bad for the long term financial.</p><p> For the rich, investing is one of the things that must be done. They do this with the aim of 'securing' money for their future. However, plunging into the world of investment without adequate knowledge can actually be bad for one's finances.</p><p> There are people who invest too much to drain their money. If the investment only wants to pursue profits, then the investment can be a bad thing when you invest in the wrong land.</p><p> Most rich people have sources of income from several places. When one of the sources is 'blocked', he can still get income from other sources. Experts say with the parable \"do not put all your eggs in one basket\".</p><p> However, there are rich people who make the mistake of binding most of their assets to one place. For example in the real estate business. When businesses are not according to plan, they are forced to sell some of their investments at lower prices, or increase debt by securing loans or suppressing credit.</p><p> The wrong and late realized lifestyle will bring disaster to someone. There are some habits of people who have the potential to cause someone to go bankrupt. Among them are, online shopping habits, the habit of buying new gadgets, the habit of spending time in expensive places, and others. Not that we may not carry out activities that issue money, but you should adjust your expenses to financial conditions.</p><p> Until finally bankruptcy approached him!</p><p> It's nice if my answer can help you my friend.</p><p> Always success !</p>","appDepth":2,"appParentPermlink":"f3yw2te4q","appParentAuthor":"dominion01","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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