How is it possible to get $100 million NBA contract and become broken in five years? Sometimes when you look at all this money you see online, it looks as if they are lying about such a contract. The same thing goes for celebrities making hundreds or millions of dollars and ending up broke. I know I haven’t made such money before and I might not know how easy it is to spend it, but I know that is a lot of money that 99% of the population will never have access to.
Imagine going broke after you gain access to what 99% of people will never have access to and the first thing I think the problem is getting too carried away. It’s not your fault you have access to the kind of money that 99.9% of people in the world don’t have access to without it getting into your head. We will want to do things nobody has ever done before because it is a lot of money. You will increase your standard of living. It is just a normal thing that will happen to most people; most people are probably going to increase their standard of living, but this doesn’t mean you should finish that kind of money in five years.
*The mentality was not right
Their mentality was not right. You cannot have close to 200 million dollars in your account without increasing the standard of your living, without spending more than you used to. The problem with these people is mentality, they believe they can do anything that they want which is true, but there is a limit to what they could spend. Most people who go broke is mainly because of a bad mentality. If you were in their shoe you are probably going to spend and increase your standard of living and but what you will do differently is find a way to make more money.
Most people who die broke after making hundreds of millions of dollars are those who get too comfortable believing that they have by POWER and their money, we never finish without looking for ways to make more money. They have access to make more money but they choose not to. They believe in their one major source of income, forgetting that it will not even last forever. People who fall into these categories are athletes or people who are into entertainment who have access to a lot of money but choose only one source of income and keep spending even after their source of income
It's not paying that much.
Anybody can lose
The truth is, anybody can lose it all no matter the amount of money you have, if you don’t have the right mentality. Having the right mentality is understanding that money is a currency and you have to put it into something to give you more money so that you will not spend it finish. We are in a world where no amount of money you have will finish if you don’t have a proper plan. Without a proper plan, you will finish impossible money in five years. Having the right mentality for money can save you from a lot of things.
Thanks for your time.