Why Are People Afraid Of Getting Rich? Here Is Why (2 of 3)

Intensive Work

The last point brings me to this next point which is harder work. A lot of people think the rich have it easy, but that’s not always the case. If you get caught up in that rich lifestyle maintenance, you’ll need to be making more money. What this means is you’ll need to be working harder if you intend to keep your current status. And for many, they’re not ready or willing to meet that demand. Because while being rich does have perks, there is a lot of work that goes into maintaining it that only some realize.

Required To Dress Rich

Along the same lines as maintaining the lifestyle, many have the expectations that you need to look the part as well. This means dressing rich and that’s expensive. Many of the rich people of the world spend fortunes in designer clothing from Gucci or Versace and that might not be the lifestyle you are looking for.

Charities Requests

Along with friends and family asking for money, you may also get charities at your doorstep as well. While they may not be as forward as your friends or family, the issue with charities is that there are many. There’s nothing wrong with being generous and helping others where you can, but the thought of picking between which ones – if any – can be a huge deal of stress for many.

Poor Management Of Wealth

One thing that I’ve been alluding to is generally most who come into a lot of money tend to make poor financial decisions. With great money comes great responsibility. And while reading financial books are very helpful, many of those books will suggest looking into financial advisors or money managers. But that can be very expensive, particularly when you are very rich. Some financial advisors don’t always have your financial interests in mind. On top of that if mismanagement of your wealth happens it could be on a larger scale if you have more money. Never having that kind of money is one thing, but it’s harder to justify being rich and justifying having all that money and then losing it.