Do you believe in 'easy come easy go' where money is concerned?
Many a time I have read in news or magazines that people who struck lotteries lose it all in a short time, why is this so?
ya it is true but it has more to do with lack of financial knowledge ..money coming is great thing but investing in assets which in turn automatizes money flow is another thing..if one keeps buying things which dont make money surely cash would dry up..
People who have not worked hard to accumulate vast amounts of wealth have little appreciation of what it takes to do so. Because these people have no experience and no education as to the proper handling of wealth, they tend to spend it as they do the rest of their money. Since most of the people who win these lotteries are generally poor to middle class, the amount of money won in lotteries generally exceed their earnings by many times. They get excited at the prospect of being able to obtain everything they had ever dreamed about and go about spending their money instead of looking for ways to make more (which is the way the rich think.)
Having an 'easy come easy go' attitude towards your finances, seems irrisponsible. It's better for your lifestyle to take some responsibility with your income and spending.
If something is too easy to obtain, we don't treasure. Also, it is lack of self-control and ability to manage money.
Not necessarily. I think it has much to do with the nature of the person who possess it. When easy money comes to frugal people, they generally don't change their personality and become big spenders, they just celebrate their gain. On the other hand, individuals who are prone to poor spending habits do not react much as to whether the money they came by was easy or hard. Either way, they are going to spend it and save little if any of it. So the basis for the problem lies more with the individual makeup than anything else.
by platinumOwl4 6 years ago
How much money was raised to fund the American Revolution, using what we know now as the lottery?It is known that Americans love to gamble, but they are unaware of it origin in the Americas
by Stacie L 7 years ago
I see commercials for the local state lotteries and the national ones and wonder if I'm just wasting my money buying a ticket.it is a harmless past time and doesn't cost very much.on the other hand,it does cause some people with an addictive impersonality to gamble too much..do you spend money on a...
by nightwork4 6 years ago
If Obama was white, would people be questioning where he was born?i honestly believe that the question of where he was born is racialy motivated. try going through a secret service security check and see how well you fair.
by karl 3 years ago
Is it racist to have a concern about immigration?A few of our left wing buddies start shouting about people being a racist when they show a concern about the levels of immigration. Is immigration a question of race or a question of numbers?
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