Seventy percent of people who suddenly become wealthy squander all their money (National Endowment for Financial Education as reported in the Chicago Tribune September 3, 2006).
Why?
There is no building up to it over time. There is no process, no journey. They're not ready for it.
It's like that with weight loss. If tomorrow morning you woke up suddenly thin, as thin as you ever wanted to be, you wouldn't know how to handle it. You wouldn't have developed the tools, the skills to keep the weight off.
There is no magic. But there is a process, trial and error, big strides and missteps, learning over time. It's the only way.
Seventy percent of people who suddenly become wealthy squander all their money (National Endowment for Financial Education as reported in the Chicago Tribune September 3, 2006).
Why?
There is no building up to it over time. There is no process, no journey. They're not ready for it.
It's like that with weight loss. If tomorrow morning you woke up suddenly thin, as thin as you ever wanted to be, you wouldn't know how to handle it. You wouldn't have developed the tools, the skills to keep the weight off.
There is no magic. But there is a process, trial and error, big strides and missteps, learning over time. It's the only way.