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             24 October, 2020

Category:  Articles » Finances » Wealth-Building


Pros and Cons of Being Wealthy

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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
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