A lot of rich people end up in debt, do you know why?

Updated on society 2024-07-19
5 answers
  1. Anonymous users2024-02-13

    Birds die for insects, and people die for wealth. Money has been an indispensable tool for people since ancient times, and even many people are thinking about how to make a lot of money every day, buy lottery tickets or learn from those well-known rich people, but the road to success cannot be replicated, and now look at the rich people with strong assets in the past, but now they are in debt, why is this? <>

    1. Times are changing.

    During the period of reform and opening up, China chose to open its economy to the outside world, and this time period is the most profitable stage. Because there are many ways to make money during this time period, you can rely on the price difference or expand your scale, which is relatively simple to quickly accumulate your wealth. As a result, there are many wealthy people with tens of millions of assets.

    However, at that time, the legal system was not perfect, and the requirements for the economy were relatively low, and many economic systems were not implemented to the end, which was exploited by many people. As a result, the expansion of capital was too violent, which eventually attracted the attention and adjustment of the state. Attracting the attention and adjustment of the state means that economic development must be consistent with the development of the current society.

    The development of the times also means that the original way of making money is no longer feasible, but some people do not realize that the times are changing, but still choose to follow the same path, and thus they are in debt. <>

    Second, the sound legal system.

    As the saying goes: what is the most profitable, illegal things make money. The soundness of China's economic law means that the channels for a considerable number of people to seek money have been curbed.

    Let those who do not have enough knowledge of wealth be blind in the market of capital, blindly making loans, borrowing and capital expansion. There are also a group of people who do not pay attention to the country's development plan, blindly rely on their own habits, and their ability to cope with economic storms is too small and too little. Like real estate, supply-side structural reform, etc., have made some rich people in debt.

    Therefore, when you have enough capital in your hands, you must carry out reasonable capital planning, learn to invest and operate your own capital, and focus on stability. We will truly implement the virtual capital, focus on the development of the real economy, such as improving our own innovative technology, so that we can resist the economic storm even when the capital is insufficient.

  2. Anonymous users2024-02-12

    Because since these people are very rich, they will definitely have a lot of investment in their lives, and they will also have a lot of liquidity, and sometimes there will be some loans to operate. But once a project fails, it becomes heavily in debt.

  3. Anonymous users2024-02-11

    It is because they are rich people who will make money in the best way, but it is risky, and it is likely to lose money, and if they lose, they will be in debt.

  4. Anonymous users2024-02-10

    You know, because if you want the company to develop better, you need a loan for development, and the income is very large, but you also need to repay the loan.

  5. Anonymous users2024-02-09

    Because after bankruptcy, you will have a lot of debts.

    Wealthy people's businesses are generally very large, and once the capital chain is broken, there is a risk of bankruptcy. As the saying goes, there is no business without treachery. Wealthy people who started by doing business can easily lose all their money once they make a mistake in their business.

    The more money you make, the easier it is for people to forget their original intentions and their desires will increase.

    Those who are prone to bankruptcy are those small owners with small assets, and their business is not spread all over the country or even overseas. Rich people who can be on the Forbes rich list will not go bankrupt for a while even if there is a problem in their business. A gentleman loves money and takes it in a good way.

    The richer you are, the more you should bear the responsibility of paying taxes, insist on honest management in business, and establish a good reputation.

    1. Because these people's desires are too great, it is difficult to satisfy their greed.

    People who are eager for quick success often do not succeed, and even lose their old capital. Rome was not built in a day, emaciated camels were bigger than horses, and wealthy people had to manage their possessions better. Everyone should raise their awareness of self-risk, and the more money they have, the more they should make prudent investments and not gamble on them.

    2. Because rich people put all their net worth in business, once they lose money or are deceived by their partners, they will lose all their money.

    Self-made people basically do not exist, and they can't make a fortune without resources and connections. Friends around rich people are also richer, but whether they are sincere we don't know, in case of money fraud, it is very troublesome, it is recommended that everyone call the police after being deceived.

    If I hadn't seen the sun, I could have endured the darkness. It is easy to go from thrift to luxury, and it is difficult to go from luxury to thrift. After the rich go bankrupt, it is difficult to adjust their mentality for a while, and the debt will take many years to pay off, which is very miserable.

    Are there bankrupt rich people around you? What do you think the rich rely on to accumulate their original capital? Tell us about what it feels like to go from being out of nothing to having nothing.

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