Posts tagged mismanagement
I have always found it peculiar, the way certain personality types manage their money. Have you ever noticed that there is this reactionary “feast or famine” personality type, who has very poor understanding of economics and poor planning abilities; when they have extra money, be it a little or alot, they blow it on bullshit and don’t save.
The flip side is, when they fall on hard times, they have nothing to fall back on, because they’ve spent it all. What’s worse, is they get a bunch of unnecessary recurring expenses which compound the problem.
To further compound the problem, the “reactionary” side of their personality causes them to overreact to problems when they occur, so they then waste time and resources that need not be wasted to “over-solve” a problem. In the process of all this, they’ve been so distracted by their volatile reactionary nature, that new problems have cropped up unbeknownst to them.
Rich or poor, doesn’t matter in this case. The rich guy just takes vacations overseas, buys himself fancy cars and has more epic overreactions. The poor guy just does it on a smaller scale. Its not necessarily about the amount of resources you have, its about how you use them.
Still, I wouldn’t expect someone who is wealthy, who does this, to keep much of that wealth. They feasted when times were good; but had nothing left over for bad times. Tough shit for them, eh?