Aside from dummy actors, athletes, and lotto winners, even very smart people lose their value of money and spend it like water.

Before Enron tanked, Ken Lay who was worth over $100m at the time, was completely underwater on personal loans. Jets, houses, cars, and Ivy League educations not just for him but for his entire family (and the divorcee’s side)

I’ve worked with C-suite as a consultant and executives in smaller companies making $400K+/yr have multiple loans. Loans against their retirement, loans from the company, it’s fucking crazy man.

They spend not just their own paycheck completely, but they need loans to supplement bc it’s never enough money. They truly act like the gravy train will run forever which is why when they’re let go, they have a meltdown and have to start selling off everything. A LOT of wealthy people are leveraged to the gills.

Once they’re at that level they cannot scale back to normalcy bc then their families would see the truth behind the curtain. The life cycle is to spend and pretend until they’re let go and the whole family is torn apart bc it’s all been a lie.

Aside from dummy actors, athletes, and lotto winners, even very smart people lose their value of money and spend it like water.

When Enron tanked, Ken Lay who was worth over $100m at the time, was completely underwater on personal loans. Jets, houses, cars, and Ivy League educations not just for him but for his entire family (and the divorcee’s side)

I’ve worked with C-suite as a consultant and executives in smaller companies making $400K+/yr have multiple loans. Loans against their retirement, loans from the company, it’s fucking crazy man.

They spend not just their own paycheck completely, but they need loans to supplement bc it’s never enough money. They truly act like the gravy train will run forever which is why when they’re let go, they have a meltdown and have to start selling off everything. A LOT of wealthy people are leveraged to the gills.

Once they’re at that level they cannot scale back to normalcy bc then their families would see the truth behind the curtain. The life cycle is to spend and pretend until they’re let go and the whole family is torn apart bc it’s all been a lie.