Everyone wants to be a billionaire, right? The more we think about it, the more we realize that most people don’t focus on the negative aspects of being a billionaire.
We believe that everyone should build wealth to obtain freedom, but there are some things one should prepare for. In this blog, we aim to explore how an abundance of money can negatively affect your life.
It will take all of your time, energy, and focus on doing it
Becoming a billionaire is such a big goal that it can take many years for you to get there. The average age of a billionaire is 66 years old. A tiny percentage of people get there before 40, and it involves incredible tech, money, luck, and timing. All of these combined might help you become a billionaire before the age of 40.
Building wealth is a lengthy, tedious and tiresome process! Your brain never stops working. You are constantly in a state of stress, and this happens over multiple decades.
Everyone who is an entrepreneur knows is that when you lay in bed at night, the brain keeps ongoing, to a point where you must force yourself to sleep. All of this stress is taking a toll on your mind and body. If you are doing all of this for status, you need to understand that it is not worth it.
You worry about your kids and family more (not less)
Everybody worries about their family members, but the rich have to worry more since there is so much at stake. Wealth puts a big red target on your back, and people will use any means to get some of that wealth for themselves.
Beyond the level of physical danger such as kidnappings, you worry about fake friends or fake romance who are only interested in your kids’ financial gains. There is also the idea of spoiling the kids. We all want our kids to live better lives than we did.
Sheikh Rashid of Dubai has a great saying, “My grandfather rode a camel, my father rode a camel. I drive a Mercedes, My son drives a Land Rover. His son will drive a Land Rover, but his son will ride a camel”.
Spoiling your kids to a great extent is why most fortunes are lost in three to four generations. Making sure that your kids grow up with actual values and the purpose of instilling them with every generation is a must.
Everyone around you is on the payroll
The more your wealth grows, the more people around you will increase. Almost all of them are on a payroll. Even though you befriend most of them with time, there will always be an imbalance of power in your relationships, and no matter how close you get, that imbalance won’t go anywhere.
Most people won’t dare to tell your face that you are wrong or do things that would displease you because it will affect their relationship with a rich person, that is you. You end up spending more time with your assistants than with your own family. Even when you are not around your paid staff, there is still a target on your back.
Everybody has a plan
A very wealthy individual once said, “Being a billionaire is like being a tall woman, blonde hair, long legs, big breasts – a perfect 10. The moment you enter a room, everybody there wants to screw you!” You will constantly question the motives of everyone you interact with because history teaches you to worry about all of them because you have been burned in the past. It doesn’t take long for the conversation to focus on the topic of ‘money.’
This is the reason why most wealthy people seclude themselves at the top of high-rise towers, to put distance between them and those asking for their money.
You become out of touch with real life
Interviewers love asking rich people the same trivial questions like “do you know how much an egg costs or a gallon of milk?” Although the question is annoying, there is some meat on that bone.
Building wealth requires super-focused, tunnel vision on the situation at hand. For extended periods, you only know what is going on in your industry and around your business. You rarely pay attention to the news or cultural events because you are too busy building instead of learning the names of all the Kardashians.
Politics plays a role in your life
The business environment and the political world are intertwined to some extent. No matter how much you want to stay out of politics in your life, it will hunt you down and find you.
A billion-dollar business is a blessing to the geography in which it finds itself, so the local council wants to make sure that you don’t move your headquarters elsewhere. The government wants you to keep creating jobs and doing commerce because that is how we keep how rich a country is.
It is only a status game
When you begin playing status games, you are back in the game of money, where you need to show off constantly. The number of digits does not determine your position in the social hierarchy before the decimal; instead, it is how happy and impactful you are.
Being worth 4 billion dollars and someone else being worth five does not away from you or make you less of a person than the other one. Once you cross a certain threshold, money losses its value unless you are looking to play the high-score game.
Material gifts lose value and importance
What do you gift someone who already has everything? The only material things these rich people still want are way outside everyone else’s budget, so material gifts are out of the picture. The only thing left is personal experiences. People don’t know what to get you random things that add more clutter than value to your life.
Finding true love is almost impossible
If you are not one of the few lucky ones who find true love before the explosion of wealth, then it will be very hard for you to do so. Not only will you constantly question the motives of everyone you develop romantic relationships with, but we, as humans, are bonded by our struggles, and your struggles aren’t the same as everyone else’s.
Most successful individuals are looking for a solid partner that can hold their own, which is where things get complicated.
You feel like you lost your right to complain
You can’t complain about anything when you are rich. People out there have different kinds of problems than you do, and they wished they were in your position. The only people who are left to complain to are your super close inner circle and other rich people.
