The impact of wealth
They say that "money can't buy happiness." Everyone has their own definition of what that means. One thing is clear: Being super-rich has an impact on how you think. In this post, we explore the psychology behind affluent families.
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 video above illustrates the stark contrast between how some people are changed by great wealth. Some billionaires give their money away and are involved in great philanthropic endeavors. Others use their riches as an excuse to isolate themselves from the rest of the world.
The video above illustrates the stark contrast between how some people are changed by great wealth. Some billionaires give their money away and are involved in great philanthropic endeavors. Others use their riches as an excuse 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 that 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. When you're rich, having a good money manager is important.
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. When you're rich, having 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.
