The #1 Rule of Wealth: Stay Rich (The Psychology of Money)

Making money is one thing, but keeping it is another challenge. Many people go from rich to broke because they don’t follow this rule. 1. Never assume wealth is permanent. Over 40% of lottery winners lose everything within five years. If you don’t manage your money wisely, it disappears faster than you think. 2. Don’t invest like you’re invincible. Even the best investors take losses, but they avoid reckless risks. Warren Buffett’s number one rule is simple: never lose money. 3. Avoid lifestyle inflation. The more you earn, the more you're tempted to spend. If your expenses rise with your income, you’ll never build lasting wealth. Staying rich is harder than getting rich. Which of these mistakes do you think is the most dangerous?