Home Add to Favorite Contact Submit  
             25 April, 2024
 

    
Category:  Articles » Finances » Wealth-Building

 

Pros and Cons of Being Wealthy

Popularity:
         Views: 6724
2010-02-19 22:32:37     
Article by Marcus De Maria


Being wealth is not always a blessing. However, you can enjoy your money if you learn to enjoy your work, if you give to charity and seek other means of self satisfaction, if you take regular breaks from work to enjoy your money and if you work around people who respect and love you.

Cons Of Being Wealthy

The pros of being wealth greatly out weight the cons, but the cons are also significant.

Mental And Psychological Problems

Looking at the likes of Elvis Presley, Michael Jackson and Marilyn Monroe, it is easy to conclude that wealth does not lead to happiness. This is because when you become too wealthy, there is nothing more in life to look forward to. Wealth creation is a rough process and it makes you many enemies and you lose many friends, even family members. This can lead to mental and psychological problems.

Change In Lifestyle

When you become wealthy, you have to change your lifestyle. This is because your life is always at risk, your interests change and you get new friends, etc. This is not always a good thing because it transforms you to another person - a person who is only popular to his/her new friends because of the money.

Being In Debt

Most wealthy people are actually in debt to banks and other institutions. There is also a greater risk to their money because most of it is usually in stock markets and other such places - not in bank accounts.

Pros Of Being Wealthy

There is a difference between being wealthy and being rich - wealthy people are an asset to the whole community whereas rich people keep their riches to themselves.

Being An Asset To The Society

There is a lot of respect and admiration that comes from being wealthy. Wealthy people also wield a lot of political power and they can use their wealth to make an impact in the society.

Personal Satisfaction

The fact that you are able to do anything you want and go anywhere you want brings a lot of personal satisfaction. Being a role model and leaving a legacy is just as important.

Marcus is dedicated to providing financial education that helps individuals create wealth for themselves and their families.

Marcus is the author of the book, 'Wealth Workout - the Simple Seven Step Formula for Financial Success', and the contributor to various money, finance, stock market and property publications in UK. For more information on how to make more money and to get a wealth workout please click here wealth-workout.

Specialized in: Pros - Cons - Wealthy
URL: http://www.wealth-workout.com
Print article      Bookmark this page
Related Articles 
3 Ways to Make Money That Teenagers Can Do Now (Popularity: ): As the costs of college go up and the economy continues to wade through it's current malaise you are wondering what to do? Can you make the budget stretch or achieve your goals for those kids heading off to college? You may not have to, they may do it themselves. The internet, something that your kids have grown up with and know better than we can ever know, may be ...
You Can Become Financially Free in 5 Years (Popularity: ): Obviously the decision to buy a house is a huge one, something that many of us are not ready for yet. But I would just suggest you set some goals for where you want to be in 5 years. Like how much cashflow do you want, what capital do you want, etc etc. For me and my wife it is our goal to be financially free in 5 years. So ...


Related Business 
Anabolics.com (Popularity: ): Information on the pros and cons of steroid usage.
Supplement Watch (Popularity: ): Educates by providing information about the pros and cons of dietary supplementation.
Powerful Wealth Building Information (Popularity: ): Time tested and guaranteed way to make you wealthy over the course of two or three years. Every human being with the desire to become wealthy, CAN BECOME WEALTHY! It's not about how much money you have to invest, it's about a belief in yourself, a burning passion to change the course of your life and most importantly, a PLAN!
Hormone Replacement Therapy Information (Popularity: ): Describes some pros and cons of HRT. Promotes an herbal alternative product.
Baby Goes 2 (Popularity: ): Guide for parents travelling with babies and children. Location reports, tips and advice, pros and cons of various locations, and a list of things to pack.
H-1Bs - The Pros and Cons of H-1B Visas (Popularity: ): Articles and discussion forums regarding H-1B visas.
Weedguru (Popularity: ): Information database for marijuana-related issues. Includes pros/cons, cannabis varieties, recreational tips, and forums for reader contributions and suggestions.
Seattle Ear Clinic (Popularity: ): Description of surgical options and pros and cons. Information on hearing preservation, anatomy of tumor and links to patient support groups.
Talk About Twins (Popularity: ): Features a variety of twin-specific issues such as preparing for twins' arrival, promoting individuality, as well as pros and cons to school separation.
Teeth Whitening (Popularity: ): There are different methods which you can do in order to whiten your teeth. You only have to familiarize yourself with its pros and cons in order to distinguish and determine the best method for you.