Feeling That The World Is Mine Can Lead You To Financial Ruin
Mad About Money|April 2017

Financial ruin necessarily follows from being financially well-off in the first place. This means that if you think getting a lot of money will reduce all your money problems than unfortunately you are highly mistaken. Rich people go broke too and starting from multimillion dollar worth athletes to lottery winners, there are numerous examples all around us where people who have a lot of money were eventually not able to hold on to it, resulting in financial ruin in the process.

So why does this happen? Why do rich people go broke? And why can’t people handle money when one has it? The answer is simple – the all too typical and usual ‘now the world is mine’; syndrome.

Feeling That The World  Is Mine Can Lead You To Financial Ruin

‘WORLD IS MINE’ SYNDROME – WHAT IS IT?

When you suddenly get your hands on a lot of money, be it an inheritance or a lottery win or even a business deal that went the right way, you feel that the world is yours! It can be of course, but you need to strategically plan for it! The ‘feeling’ per se can do more damage than good and more than often leads to complete ruin! Let’s see why and how.

YOU TEND TO OVERSPEND ON YOUR ‘DREAMS’:

Denne historien er fra April 2017-utgaven av Mad About Money.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra April 2017-utgaven av Mad About Money.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA MAD ABOUT MONEYSe alt
Pharma In Focus
Mad About Money

Pharma In Focus

The pharmaceutical industry is one of the biggest paperintensive industries in the world and of course, is responsible for the health and general well-being of the population. 

time-read
2 mins  |
December 2017
Mad About Money

The Adhaar Story

Quite frankly, the Adhaar policy took the country by storm. The 12 digit number has promised to replace every proof of identity for all Indians to make any registration process much easier to navigate.

time-read
2 mins  |
December 2017
Why Millennials Wish They Had Grown Up In Baby Boomers' Times
Mad About Money

Why Millennials Wish They Had Grown Up In Baby Boomers' Times

Growing technology and evolving mindsets have caused disparity and to some extent a wide gap between the two generations. Yes, we are talking about Millennials and Baby Boomers.

time-read
3 mins  |
December 2017
The Public Provident Scheme
Mad About Money

The Public Provident Scheme

The PPF scheme was introduced by the Ministry Of Finance (MOF), govt. Of India in the year 1968 to encourage tax free savings by the people. People could deposit money in ppf accounts and the interest earned on those deposits were tax exempted.

time-read
2 mins  |
February 2018
Starting With A Silver Spoon Is Not Essential To Be Wealthy
Mad About Money

Starting With A Silver Spoon Is Not Essential To Be Wealthy

Yes, probably we all envy the Mittals, the Kapoors, the Mallyas! Not because they are billionaires, but because the coming generation would also inherit the wealth and affluence that has been there since years. Perhaps, the great grandson of Vijay Mallya would be able to spend his entire life slurging and indulging into luxury without even stepping out of his house! Probably Taimur Khan, son of Saif and Kareena, would get casted in some big budgeted flick by some renowned filmmaker, to get launched without even struggling to show his acting skills.

time-read
2 mins  |
February 2018
Mad About Money

The Indian Solar Energy Sector - Will It Make A​​​​​​​ Comeback In 2018?

The Indian Solar Energy Sector - Will It Make A Comeback In 2018?

time-read
2 mins  |
February 2018
Smart Investments In Smart Commercial Real Estate
Mad About Money

Smart Investments In Smart Commercial Real Estate

Investing in Commercial Real Estate is no different from any other investments, specifically the traditional residential real estate investment, in the sense that it requires doing your proper research and homework before getting into it. However, to become a smart investor one needs to understand the subtle differences that commercial real estate investment has over the residential version of it.

time-read
2 mins  |
February 2018
Extravagant Lifestyles Of The Wealthy
Mad About Money

Extravagant Lifestyles Of The Wealthy

If you happen to be an average person who thinks apple phones are all about the makers and impressive specifications you could be mistaken.

time-read
2 mins  |
May 2018
Mad About Money

India Post Payment Bank Rollout Plan

May 2018 is an important month for various reasons, one of them being the India post payment banks PAN-India roll out from may! Refuting all the  speculations of delays, etc.

time-read
2 mins  |
May 2018
Mad About Money

Desi Startups For Microsoft Ventures

India recently has been booming with various startups, catering to the regular needs of people, with sound supply chain and operational planning. Considering the innovative ideas of the startups and their rapidly growing popularity, global tech giant Microsoft is looking at investing in Indian tech startups through its venture funding arm. This news came from a senior official from Microsoft. Definitely this is going to be a revolutionary step in Indian economy.

time-read
2 mins  |
May 2018