138. The Luxury Effect
Nov 15, 2023•29 min
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Episode description
Did you know that 70% of lottery winners go bankrupt within a few years?
Winning a large sum of money does not guarantee financial security. In fact, it often exacerbates existing financial issues and leads to impulsive spending.
It is crucial to develop a healthy relationship with money and wealth, regardless of the amount you possess.
By cultivating a mindset of abundance and practicing mature financial habits, you can avoid the pitfalls of "sudden wealth syndrome" and build long-term financial stability.
In this episode, you will learn about the "luxury effect", the dynamics of money, and its influence on our mindset and behavior.
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