type of rich

[bitterguy28]

rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether

i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich

the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does

what about you? what kind of rich are you and how do you view money based on the type of rich you are?

here is the video if anyone’s interested

[Findingnemo]

I am not rich.

Millionaires and billionaires are two different rich people, the millionaire status can be achieved by being successful in business or even a certain job like doctor but billionaire status is too big to achieve and only business owners can become one. And billionaires spend money too but we can notice the difference for sure compared to millionaire.

[0t3p0t]

rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether

i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich

the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does

what about you? what kind of rich are you and how do you view money based on the type of rich you are?

here is the video if anyone’s interested

I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.

[Agbe]

rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether

i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich

the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does

what about you? what kind of rich are you and how do you view money based on the type of rich you are?

here is the video if anyone’s interested

I think there should be a different between the classes of people that you mentioned here because the just get rich people are not actually rich that is why they become broke because even among the rich there are Level's to it we have the rich and the wealthy , so the just get Rich type belongs to the class where out of luck they become rich maybe throw gambling or getting contract so they are taken over by that euphoria and begin to spend recklessly but true wealth is built over time and the probability of a wealthy man with business empires becoming poverty is zero to one . One thing we need to know is that becoming rich is an act and harbit that people cultivate in life that is why the rich is getting Richer while the poor is getting poorer so anyone who gets Rich accidentally will in the same way loose all that money and go back broke as before because he or she is poor inside

[Rruchi man]

what about you? what kind of rich are you and how do you view money based on the type of rich you are?

I am currently only rich in spirit and in ideas, not financially rich. My view on money is that it will come as long as I continue to be focused on working hard to make money and I am keeping an open mind towards it. People who work their way to wealth don't often lose it easily after they get it. The person will be extremely meticulous with money and try to make sure that every penny counts so that the threat and danger of becoming poor and broke again is eliminated.

[_act_]

rich people did not come from the same background they may occupy the same space most of the time and buy the same things but where their money is from is a different story altogether

i came across a youtube video detailing types of rich people and it got me thinking how these ones differ in terms of how they deal with money ; some of the types of rich that was mentioned in the video were: just got rich, real estate rich, royal family rich, trading rich

the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does

what about you? what kind of rich are you and how do you view money based on the type of rich you are?

here is the video if anyone’s interested

When we are to analyze in details the types of rich fellows we have and the sources to their wealth and how they were able to mange such, we are not going to finish it sooner because everyone will have some things to say concerning how they all started to the point of where they are now, all i have today were earned by me, there is no inheritance there, but i still believe with the hope of being a life transforming person, whom many could also benefits from whatever thing i do to be a source of riches on others.

[bitterguy28]

I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.

we all make mistakes and unfortunately for you it was costly and a huge one but the important thing is you have learned and you now know what to do maybe it would have been helpful if we were all financially smart already even before we acquire wealth so we know how to act and use our money well

the world is full of temptations and you probably would feel like you are on top of the world when you have money but soon enough we will be humbled and get taught a lesson

[0t3p0t]

I used to experience that get rich quick guy before but due to mismanagement of the said money I end up losing some of it through overspending nonsense things and I regret that and that literally taught me lessons to stay low key, save for emergency funds and invest on something profitable to generate passive income. Most millionaires and billionaires are busy not on a lavish lifestyle but expanding their assets to generate cash flow even when they are sleeping and that is not I am doing before that is why I end up broke.

we all make mistakes and unfortunately for you it was costly and a huge one but the important thing is you have learned and you now know what to do maybe it would have been helpful if we were all financially smart already even before we acquire wealth so we know how to act and use our money well

the world is full of temptations and you probably would feel like you are on top of the world when you have money but soon enough we will be humbled and get taught a lesson

Yeah exactly mate. That lesson really has got me and I will never do it again. That mistake for me is enough and I can't afford to get my effort wasted ever again. We can really differentiate true rich people and those who just got rich from luck. True rich people are just nonchalant but those just got rich spend it in a lavish lifestyle though not all but most of the time.

[rachael9385]

Rich is rich for me that is the real fact. It doesn't matter how you got the money wether it is right or wrong the fact there is that you must have sacrificed, paid a price, strived and even a miracle but rich is rich. Not only unexpected rich people go broke again, but mentality matters alot, you can gather for 10 years but use a minute to lavish them, it all depends on mentality.

[bitterguy28]

Rich is rich for me that is the real fact. It doesn't matter how you got the money wether it is right or wrong the fact there is that you must have sacrificed, paid a price, strived and even a miracle but rich is rich. Not only unexpected rich people go broke again, but mentality matters alot, you can gather for 10 years but use a minute to lavish them, it all depends on mentality.

i mean that’s true that it all boils down to mentality but if you are someone who was able to save up money and then make that money grow for 10 years your character is a lot different than those who only got lucky and got rich in almost a snap of their finger

i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money

[joniboini]

i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money

I have a friend born into a wealthy family, and he's certainly a diligent person. His family definitely knows how to educate their children so they don't become complacent. It's harder to find that in poor families, even though a hard living environment can push people to work harder.

Anyway, I think the categorization you shared is quite limited OP. I know somebody who got rich quickly because of an airdrop and never planned to hunt, but he's not losing money like burning papers. To be fair to the creator it's hard to make categorizations when people's behavior is not predictable. CMIIW.

[0t3p0t]

i mean that’s true that it all boils down to mentality but if you are someone who was able to save up money and then make that money grow for 10 years your character is a lot different than those who only got lucky and got rich in almost a snap of their finger

i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money

I think there are three types of rich people the first one would be the lucky one, the second one are those that inherits wealth from family heirloom and the third one are the self made millionaires. And for me that last one can last a lifetime because they knew the struggle, they knew how hard it is to reach that level compared to the other two which most of them if not all will suffer heavy losses because of the fact that they got it all that easy. I could be wrong here but that is what is happening around here in my place

[bisdak40]

Rich is rich for me that is the real fact. It doesn't matter how you got the money wether it is right or wrong the fact there is that you must have sacrificed, paid a price, strived and even a miracle but rich is rich. Not only unexpected rich people go broke again, but mentality matters alot, you can gather for 10 years but use a minute to lavish them, it all depends on mentality.

i mean that’s true that it all boils down to mentality but if you are someone who was able to save up money and then make that money grow for 10 years your character is a lot different than those who only got lucky and got rich in almost a snap of their finger

i don’t agree that everyone rich is hardworking many of them are really just lucky and those who really persevered means they are patient and they know how to manage their finances well we all have different personalities and how we grew up, the environment we got used to all affects how we see money and it will be seen in how we also treat money

I agree that it is how we handle finances because there are rich people who go broke and broke people who go rich because they use their money wisely. Even if you earn a lot, spending carelessly can leave you broke. And even if you don’t earn much, saving and using money wisely can make you rich over time.

[libert19]

the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does

Lol, that felt personal. Current I am in my third bull market and I can't tell you how much money I have blew up in previous bull markets, just bad financial decisions overall.

Edit: correction from "had" to "bad"

[bitterguy28]

the just got rich type was described as someone that unexpectedly got wealthy but due to immature financial iq they lose their money almost as quickly they are still very oblivious and they think their money will never run out until it does

Lol, that felt personal. Current I am in my third bull market and I can't tell you how much money I have blew up in previous bull markets, just bad financial decisions overall.

Edit: correction from "had" to "bad"

sorry to hear that mate!

hopefully that you have learned a lot by now i too have had a few shares of bad financial decisions when you have money you plan everything and want to buy everything and you get overly confident that sooner or later you realize you’ve annihilated all of your money and there’s nothing left of it anymore

when do we learn? hopefully before another wave of success so that we can maintain our money this time