I guess if one man had the whole world, then his next transaction could be a whole world plus. This may sound funny but has a lot of reality in it. Any money that comes to you left somewhere and can definitely return or find a new place to reside. The idea of having so much money to solve all his problems to me seems like a person trying to climb the smokes. No matter the amount of money you have, you can go broke if you don't know how to break the money.
I have once discussed this issue with a friend about how people always imagine being rich and can never be poor, mentioning big names like Bill Gates, Warren Buffet, Elon Musk and so on and so forth. Truth be revealed, these guys are only rich because they have a spending limit. Without this, even the current billionaire businessman Elon will be broke. The moments you understand that every asset is subject to spending, you will find the need to track every needed transaction.
Spending is a transfer
Most times we think that spending is on what we must consume and we partly miss out. Spending is simply a transfer, whether you consume it or not, as long as money or assets change hands, it's enough. Come to think of it, we all know the current richest man, Mr musk, what if he decided to transfer all his wealth to you? I know what you are thinking, you got to be out of your mind bro, why would he do that? Just as you've said, he can't do that but it can happen.
Yes he can't do this because he has a spending limit which is a wise decision to monitor transactions but in reality all his wealth could be bundled into a single paperwork and transferred to another living him with nothing, a proof that all amounts are spendable. Don't know if you are getting this glimpse, why a lot of us want to have it all is out of the belief we can never go broke, yet at any stage in life, you could be dispositioned if carelessness is attributed to your spending habits.
Work on your spending habit
Save yourself some stress and develop a good spending habit. Thinking you will adjust when you get up there is just you making a fool out of yourself. I have seen such scenarios many times when people climb up and find it difficult to stay up. They got that huge transaction they ever dreamt of, the kind they expected would change their life for good. It changed their life anyway but it wasn't that long. Where they missed what that despite the amount being huge, when you fail to realize that all amount is spendable and opt in for careless spending you'll lose it all.
Every transaction increases from zero and so also can it decrease to zero. Many celebrities have ended up broke at the end of their careers just because of bad spending habits. They believed the cash will always be flowing in until they expire in the industry and are replaced. To start building from scratch becomes very difficult at this point when your fame has already touched many places. Careless spending can lead to an overall disgrace in the end.
If you don't understand numbers seek advise
Have you always heard when people say this or that amount of money can solve my problem. Don't know if they really do understand it before saying it, any amount you can not pass through the right process will increase your problem. A lot of us have this number problems and we always believe that when figures are huge, it's enough. When you start spending huge the whole story changes, huge becomes not enough.
The rich are not rich basically because they have huge, rather it's just that they invest huge and monitor the necessary transactions to make sure their portfolio is on a consistent increase. They know for sure that all can be lost if not carefully planned out, just a single transfer can summarize all the years of labor and hardwork. Financial advisers could be of great help to you in your quest to end big. You must possess a high state of maturity when addressing wealth under your custody, if you can't groom it, it will zoom off. Numbers can be very tricky, it's always as if you've spent nothing until you punch your calculator to realize you've gotten a huge bite of your pause.
The mentality of having much money to never go broke has always been the mistake many wealth enthusiasts make. How did it even reach you in the first place? It was taken from somewhere and the process is possibly reversible. As long as it can be counted it can be spent. No wealth is uncountable as long as paperwork is concerned which you could transfer carelessly if that seems willing to you. All that must be seen here is that, as long as one is alive, the wealth chase is a continuous process of first getting and secondly maintaining it.
Posted Using InLeo Alpha