WEALTH ACQUISITION: 3 TYPES OF PEOPLE

a. People who get financially smarter and make more money when they are broke, once they get the money, they blow it.

Rinse and repeat. These kinds of people are inspired by hunger, spurred by penury, and propelled by brokenness. They get their best ideas from the days they had nothing to eat. Their brain works best when they are in deep depth and in danger of being taken away.
Lack of opportunities inspires pecuniary sagacity in them, but soon as they work their butts off and get that money, they blow it on some stupid stuff and start all over again.
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b. People who become financially smarter when they have some money already, then proceed to make more money.

They stay dumb until you give them money, all of a sudden, they turn to investment geniuses.

c. People who don’t make money. They are either broke and unable to get financially smart or born into so much wealth that they can never get poor. People who are broke may have lacked the money to afford good financial education. People who are rich may have so much money that they inherited not just wealth but financial advisors. There is a third group, people who have a steady stream of income, it's not increasing or decreasing, it's just there. They walk it like a tight-rope, it comes every month but if they try to increase it in any way, they will lose it and go broke.

Which of the above are you and why?

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