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- Bragging – Stay anonymous. Unnecessary bragging will only attract unwanted attention. People are selfish and you will be surprised by the lengths one is willing to go when the eyes suddenly turn into a dollar sign.
- Be Careful Who You Give Money To – If the stories above have showcased one thing, it is that even your beloved family can quickly turn on you for a piece of the prize. Be extremely careful and diligent when it comes to the “who gets what” situation.
- Don’t Spend on Addiction-Inducing Things – Learn from Michael Carroll. Nothing good will come out of it in the long term. When you think about it, is really a year-long party life full of booze, drugs, chicas, and chicos, worth what can possibly be a life for you and your kids void of financial worries? If you are prone to addicting habits, gambling is definitely out of the question for you, as well.
- Don’t Overspend – Remember, that even wealthy people need to be smart about their money and investments. Don’t think that budgeting is for the low and middle classes only. Be smart about what, how, and who you spend for. We all want to buy things for ourselves and our loved one and there is nothing bad about it. Just don’t go overboard. The society tricks you into thinking that you need many things and stuff that you actually don’t at all. Control yourself or you will get wiped out pretty quickly.
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