Things that could go wrong in a young millionaire’s life

Mary Anne Lonergan August 16, 2019

Reviewing a millionaire’s problems

Things that could go wrong in a young millionaire’s life

“Money doesn’t make you happy” – something often said by some people. And this is probably the biggest truth about the life of a young millionaire. People who’re not so rich often consider these young people as the happiest persons in the world and capable of doing almost everything they want. Obviously, young millionaires can buy their dream home, shop till they drop, take a world trip etc, but they’ve their own problems too. Here’re some of a young millionaire’s problems.

They attract fake friends

A young millionaire may tend to look for the good in everybody and may believe everybody in his/her circle is a loyal friend. While some people in the circle actually are, but there’re lots of people who only come to such a rich person to gain something, not with a true or pure heart to be a genuine friend. These people only stick around as long as the millionaire has his/her wallet open.

They tend to get divorced

Another major problem of the young millionaires is that they tend to get divorced and that’s one of the top wealth destroyers. Often, divorce doesn’t stem from a lack of money. Instead, it comes from the failure to handle that huge amount of money together.

They’re at greater risk for lawsuits

While being a millionaire necessarily attracts lawsuits, the chances increase to a great extent. There’re lots of people who desperately want to have some part of the money, even if it means filing absurd lawsuits against a millionaire.

So, life as a millionaire isn’t that much great as it may seem. Also, they often fail to make smart money choices that sometimes make their life somewhat difficult.

 

 

Call to action:

What is your take on the life of young millionaires? Share your thoughts in the comments section below. To keep the conversation going, you can also get in touch with me on Facebook, Twitter, and Goodreads. To have an interesting read, be sure to check out my book Catacombs of Hell.

 

References:

Farrington, Robert. “5 THINGS YOUR MILLIONAIRE NEIGHBOR ISN’T TELLING YOU.” THE COLLEGE INVESTOR, November 2, 2018. https://thecollegeinvestor.com/5656/5-millionaire-neighbor-telling/

HIGUERA, VALENCIA / GOBANKINGRATES. “7 Reasons Why Being a Millionaire Is Kind of Awful.” Money, September 16, 2016. http://money.com/money/4497589/millionaire-problems/

 

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Mary A. Lonergan

Mary A. Lonergan is a retired aesthetician. Being hearing impaired, she is a member of the Canadian Hearing So . . .

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