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Do you believe in 'easy come easy go' where money is concerned?

  1. telltale profile image75
    telltaleposted 7 years ago

    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?

  2. pisean282311 profile image60
    pisean282311posted 7 years ago

    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..

  3. comfortcare profile image56
    comfortcareposted 7 years ago

    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.)

  4. stricktlydating profile image80
    stricktlydatingposted 7 years ago

    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.

  5. domaincomebuy profile image55
    domaincomebuyposted 7 years ago

    If something is too easy to obtain, we don't treasure. Also, it is lack of self-control and ability to manage money.

  6. Wayne Brown profile image83
    Wayne Brownposted 7 years ago

    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.