Anonymous wrote:By and large most money who had money keep it. What you are referring to is people who played the game and time run out. You can act wealthy for a good 10-20 years but then something will catch up with you and you start seeing the landscaping go down, cars get older and in repair (real money will keep cars a long time if it’s safe and running good, I’m talking about obvious need of repair), small vendors start talking (I knew a “wealthy” woman who had three dry cleaners red flag her for unpaid accounts), the house is empty, the trips are to other peoples second homes, etc.
Anonymous wrote:They live in a motel in a town they own.
Anonymous wrote:Anonymous wrote:My in-laws have a friend who is penniless but used to be a world-class, internationally-ranked equestrian.
Does that even pay?
Anonymous wrote:Anonymous wrote:Honestly, a lot of times losing that much money and being that downwardly mobile is the result of mental illness.
This--usually mental illness, including addiction issues.
Having spent some time in a very expensive rehab or boarding school for troubled teens is often a sad sign.
Anonymous wrote:My in-laws have a friend who is penniless but used to be a world-class, internationally-ranked equestrian.