We had a conversation in the office today about why some previously rich people have a had time coping after losing a significant portion of their wealth, and why others not only manage to cope, but launch a comeback and regain their success. Am sure there are already materials we can look up online on possible reasons, but I'll be giving my opinion based on my own observations.

These contrasts in fortunes are not as uncommon as they may appear. A lot of successful people experience difficult times and make decisions daily that could either further extend or quickly erode their wealth depending on the outcome. The third option is to not invest but even that will eventually lead to a displacement of position with time.

All for What?

It is no wonder we are so paranoid about protecting our positions of wealth. They are a social symbol that enables us afford basic necessities and quite a few luxuries. We tend to prioritize the luxuries to the extent that we forget they aren't essential or our survival or our well being.

There are those who spend quite a fortune on things they simply do not need, but can afford anyways. The modern day classist consumerism ensures that we pick items of a certain brand when it may not necessarily be in our best interest. It may for instance be too expensive, or an inappropriate fit but we opt for it just so other know we belong in that class.

When you become a slave to the consumerist economy there is a certain paranoia that arises from the fear of falling off. Some people build their lives around what they can afford including their property, social circle and even relationships. There is some wisdom in staying around your perceived class or value, but seeing money beyond being a means to an end poses a real danger.

Some people don't even get to enjoy their wealth that much, but work extremely hard to maintain their positions. Many people are losing sleep and falling into financial depression daily because they cannot define what true wealth means and instead fall into the numbers trap where success is measured by what they own.

Conclusion

Numbers, whether acquired or attached cannot be a measure of true happiness. Therefore we mustn't give too much importance to our financial performance at a time. Recognizing the real nature of money helps us better utilize it and perhaps improves the overall well-being of our minds irrespective of our financial state.

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