You have never heard of ruined rich people? The fact that billionaires during the crisis decide to take accounts with life. Why this happens? You can imagine that you are temporarily owned by a state of half a billion dollars? What will you do with them? How your life will change, how not to lose this money?
Firstly, this applies to absolutely everyone, your standard of living will increase. You will live on a wide leg, not to deny yourself anything, maybe you will even be a generous philanthropist. So the true billionaires behave. And this is the first mistake in capital management. There is nothing to do with it, sometimes this is just a way to wash money, get a loan of trust of senior officials, and indeed, correctly planned philanthropy – a damn useful thing. Error number one consists in waste, in the transition to another social step, where there is no savings where you can afford a lot. In ancient China, the wise rich, before becoming rich in rice and lived in cardboard houses, and you know how their life has changed with the arrival of a bunch of money? No way, they also continued to eat their rice and live in cardboard houses. They did not become dependent on social benefits, so the threat of loss of reason in connection with the loss of money was not terrible, because rice and cardboard house would not go anywhere.
Well, the problem with the benefits of a luxurious life is clear, it is she who will be in the center of the pride of the billionaire, who has lost 90% of his condition in the crisis. It seems that life was failed, the goals have not been achieved, and the only stronghold holding and cherishing pride – money, destroyed. It’s hard to rise from the knees and start again.
So, why do they actually lose up to 90% of their acquired wealth, who takes it from them? After all, if you have a half -billion state, and you, as a Chinese, are not wasteful, and even once a week you use rice in not the richest restaurants of the city, as you can lose almost everything in a crisis? The fact is that billionaires have their own condition only on securpower, which have an amplitude of cost, and at one time they have one price, and at another, the other, respectively. The second mistake is not that you do not need to keep the condition in securities, but in the correct understanding of the movement of the cost of such tools. This means if today the shares of one company are on top, then in a crisis they will grope at the price bottom, this rule is fair and in the opposite direction. Until you sell securities, you will not lose a dime. You actually lost money when you bought stocks, this is one of the risks – the bankruptcy of the company, and now these are just your assets that you dispose. Will you sell a gem for $ 100, which you bought for 100 million? Naturally not, therefore, do not record losses, fix only profit.
And the third reason for bankruptcy is loans. Yes, many rich people live on credit, they see a good deal sometimes take a loan for it, and become billionaires, but they do not allow them to stop the credit. I would like to earn even more, because all that they received is only dirty income, net profit is less, but others see only the surface of the iceberg, these are billions, and few people know their creditors. This reason, together with the fact that credit securities fall into a crisis, demanding payment on a loan, and makes the rich bankrupt, and then the habit of living in a wide foot.