Going Broke

 Read a great piece on AOL about rich people that have blown it, a few named were Mark Twain, Buffalo Bill and comeback kid George Foreman. It was interesting in its take about people and their relationship with money. Entertainers and people who inherited cash tend to be the biggest losers of fortune, bottom line is to be satisfied with less and live that way cause it doesn’t grow on trees.

Here is an snip:

“Someone who goes broke, or someone who goes into debt, is really somebody who isn’t comfortable having their money,” Ms. Gurney says. “Yes, it appears as a lack of discipline. But the lack of discipline comes from an emotional place that causes them to be undisciplined. It’s not about the money. It’s about our emotional relationship to money.

“The people who are out there just running through money have failed because they haven’t come to terms with who they are and what they want the money to do for them,” she adds. “I see a lot of baby boomers beginning to panic because they haven’t figured this out.”