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Can someone from a rich family end up poor in future?
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[QUOTE="Kendy, post: 219167, member: 63869"] Yes, some people from a rich background can still end up being poor and I have witnessed some instances. Lack of education can make an individual from a wealthy family become poor. I am talking about general education in this context because ignorance can make someone spend recklessly and not plan effectively. There are some individuals who are over ambitious and they end up taking risks that would make them loose all their funds. Lack of contentment can make someone from a rich background suddenly become poor and ineffective planning. Some rich individuals are not effective planners, such that they spend money on trivial things because they feel their family would always back them up with funding. There is a man who is from a rich family no doubt because his father was a branch manager in a famous bank and he even refused to go to the university yet he did not have any productive engagement, all his unscrupulous spending was with his family's wealth but unfortunately, the father had some health challenges and retired, then it dawned on him that he had wasted the opportunity he once had. Right now, he is seen as a wet blanket or a prodigal son. [/QUOTE]
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Can someone from a rich family end up poor in future?
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