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“Get Rich or Die Trying”
-50 Cent
I just watched the movie, Get Rich or Die Trying. The
main character was a fascinating study of someone who viewed money and status
as the key to happiness.
Being rich doesn’t make you happy. Ask anyone who knew Anna Nicole Smith if you
need more elaboration.
The saddest are those who get rich
through lottery, inheritance or some other one time money, and then blow
it.
They had a chance but couldn’t make it work.
It’s been said that 90% of people who receive a lump sum of
money will run through it all in five years or less. After 24 years of doing
financial counseling for lottery winners and injured people, I am sure that that
figure is correct.
It overwhelms most people to receive a large lump sum of
money. They make mistakes and let people take advantage of them.
Some people view the wasted lives of lottery winners as
proof that money is evil.
Money isn’t evil. Even quick money is not evil. Money allows
us to feed our families and live a high-quality lifestyle. It is the exchange
system we use to translate work product into rewards.
Get rich or die is not a motto to many people; it is a
lifestyle. Like sex, drugs and rock- and-roll, money can become an obsession.
Just watching people with money, like Anna Nicole or Paris
Hilton, has become important to some people.
It is said that money is the root of all evil. A television
minister named Reverend Ike said that the
lack of money is the root of all evil.
I say that the lack of respect for money is really the root
of all evil.
I’ve dealt with over 2,000 people have come into instant
money either through a settlement or a lottery. The people that set
financial limits and goals live happily. Those without limits often end up making a fool out of themselves.
The unhappy people did not have respect for the money. Money
is like fire or a dangerous substance. You have to understand that it can do
for good and evil.
If, after receiving a lump sum of money, you take 50 of your
closest “friends” to the Super Bowl, you don’t have respect for the money. If you go into a strip joint with $600,000 in
cash, like Powerball winner Jack Whitaker did, you don’t have respect for the
money.
Most people have friends within 15% of their own income
class. When someone wealthy has friends who are poor, it is hard for them to do
the same things socially.
Some big spenders think that money can buy them love,
friends or happiness.
What kind of person would want “love” from someone who wants
them only for their money?
It would be a lot cheaper and productive to dump the
“friend” and spend the money on a good therapist.
There is not a law against being stupid. When a 60-year-old
lottery winner suddenly gets an 18-year-old lover, the lover is not with them
for their looks.
I really don’t understand the inner mind of people who
leech. They are certainly out there.
Look at the big “posse” that lottery winners have.
How much self-respect can a person like that have? I wonder
how people get up in the morning knowing that they are going to suck money from
someone who trusts them?
People who earn money learn to respect its power. You don’t
see many self-made millionaires doing the stupid things that lottery winners
are known for.
Go to a self-made person and see if they are paying people
to be their friends. It does not happen.
The self-made person has sweat and stress invested in the creation of
money.
They view their money with proper respect.
Three has been too much media coverage of Anna Nicole. She did not earn her wealth or make the world
a better place. Her big accomplishment
was inheriting money.
She managed to be rich and die trying.
Don McNay is
Chairman of McNay Settlement Group where we want our client to get rich and
live through the experience. You can
write to him at
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
or read
other things he has written at www.donmcnay.com. His award winning column is syndicated on the
CNHI News Service.
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