How wealth affects some for better and for worse
They say that "money can't buy happiness." Everyone has their own definition of what that means. Take a look at these videos about ultra-high net worth families and decide if you would be able to maintain a "normal" life if you had great wealth.
It may be hard to believe, but the wealthiest person in history was about 10 times the wealth of the world's richest person today. Further, the world's richest person in history had hundreds of assistants -- that's power!
The two videos above illustrate the stark contrast between how some people are affected by great wealth. Some billionaires give their money away and are involved in great philanthropic endeavors. Others use their affluence to isolate themselves from the rest of the world.
The two videos above illustrate the stark contrast between how some people are affected by great wealth. Some billionaires give their money away and are involved in great philanthropic endeavors. Others use their affluence to isolate themselves from the rest of the world.
Would you hire an army of staff to serve you?
It's hard to know how the average person would react to suddenly having great wealth. Unless someone suddenly inherits a fortune or wins the lottery, most people won't have the problem. History shows us, though, that many people who win the lottery eventually go broke. They overspend buying yachts, mansions, and private jets until it's all gone. Having discipline and a good money manager is important.
Money can't buy happiness
The evidence is in, and the old adage is still true: Money can't buy happiness. In fact, there is some evidence to the contrary -- the more money you have, the unhappier you are because you have so much to worry about. BBC explores how having too much money can actually isolate you and keep you from being happy.
