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Can someone from a rich family end up poor in future?
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[QUOTE="Chibson, post: 219185, member: 27553"] Yes, there have been a lot of people that were millionaires and later became very poor. sometimes making money may not really be the problem but managing money. There are a lot of people that we are fortunate in your lives to have access to a lot of money but lack of proper management of that money and investing in the right things made them to lose everything and become very poor. I think there was a Brazilian billionaire who later become very wretched and he is a typical example of the fact that you are rich today does not mean you will be rich forever but how you manage your money matters a lot. There are many people who have access to wealth today and they're not investing it in the right things instead they are spending the money doing things that doesn't really matter and will not help them to increase the wealth. Someone from a very rich family can definitely be very broke tomorrow because of lack of financial education. Someone who does not have proper financial education can never maintain wealth even if you give him or her $1000000000 today. making the money actually may not be the problem but managing is too well or increasing it. [/QUOTE]
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Can someone from a rich family end up poor in future?
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