{"id":412204,"date":"2026-01-17T04:10:09","date_gmt":"2026-01-17T04:10:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/412204\/"},"modified":"2026-01-17T04:10:09","modified_gmt":"2026-01-17T04:10:09","slug":"what-makes-rich-people-lose-everything-one-common-mistake-dominated-the-responses","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/412204\/","title":{"rendered":"What Makes Rich People Lose Everything? One Common Mistake Dominated The Responses"},"content":{"rendered":"

Reddit users recently answered<\/a> a tough question: What makes wealthy people go broke? The answers came fast and were pretty straightforward. The top mistake by far? Divorce.<\/p>\n

It’s Not the Spending, It’s Who You Spend Life With<\/p>\n

\u201cDivorce and drugs,\u201d one person flatly said. \u201cDivorce costs a fortune. Doing it now. Trust me,\u201d another one added.<\/p>\n

Plenty of responses shared the same idea: it’s not just the emotional toll, but the legal, financial and lifestyle fallout<\/a> that can devastate a person\u2019s net worth. \u201cThe four D’s. Death, disease, dismemberment, or divorce,\u201d one Redditor summarized it simply.<\/p>\n

Don’t Miss:<\/p>\n

Even when people start with wealth and ambition, personal decisions can derail long-term success. \u201c[Former Berkshire Hathaway vice chair] Charlie Munger said the single most important decision a person can make is who they marry<\/a>,\u201d one commenter said. \u201cThe cost, disruption and destruction of value from a divorce is serious.\u201d<\/p>\n

That wasn’t the only mistake people pointed out. Lifestyle creep<\/a>, addiction, gambling, bad investments, poor planning, and trying to look rich also made the list. \u201cIt’s almost always lifestyle creep that stops people from advancing,\u201d one person said. \u201cThen when things go bad they refuse to take a step back again, financially ruining themselves.\u201d<\/p>\n

Another high-risk pattern: overspending to impress others. \u201cTrying to look rich\u201d and \u201ckeeping up with the Joneses\u201d came up often. As one person put it, \u201cIf people lived like you see on TV they would no longer be millionaires.\u201d<\/p>\n

Trending: Americans With a Financial Plan Can 4X Their Wealth \u2014 Get Your Personalized Plan from a CFP Pro<\/a><\/p>\n

The thread also highlighted how helping others can become a financial hazard. \u201cNot learning how to say no when friends and family ask for money,\u201d one commenter warned. Another agreed, saying, \u201cBefore they know it, they are in credit card debt, behind on their mortgage, and out of options.\u201d<\/p>\n

\u201cNot learning how to say no when friends and family ask for money,\u201d one person warned. \u201cI have seen more people doing well overextend themselves out of guilt\/obligation and end up underwater than I’ve seen people go broke making bad bets.<\/p>\n

While all these mistakes matter, divorce came up again and again. It wasn\u2019t just the most frequent answer; it was often described as the most financially devastating. One person called it \u201ca financial tsunami.\u201d<\/p>\n

See Also: Missed Tesla? EnergyX<\/a> Is Tackling the Next $200 Billion Opportunity \u2014 Lithium<\/p>\n

Avoiding these pitfalls doesn\u2019t always mean managing your investments better; it often means managing your decisions better. That\u2019s where financial planning services like Domain Money<\/a> come in. Their certified professional-led guidance is designed for professionals earning $100,000 or more, helping them make smarter decisions before mistakes get expensive.<\/p>\n

As one Redditor put it, \u201cBest to learn this lesson in your 20s. Plenty of time left to make better decisions.\u201d<\/p>\n

Read Next: Why Billionaires Like Warren Buffett Prefer Real Assets Over Speculation\u2014Institutional Real Estate Is Now Accessible to Individuals<\/a><\/p>\n

Image: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"Reddit users recently answered a tough question: What makes wealthy people go broke? The answers came fast and…\n","protected":false},"author":2,"featured_media":412205,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,25950,14989,14988,147,530,25951,25952],"class_list":{"0":"post-412204","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-category-personal-finance","10":"tag-cms-wordpress","11":"tag-pageisbzpro-bz","12":"tag-personal-finance","13":"tag-personalfinance","14":"tag-tag-news-access","15":"tag-tag-personal-finance-access"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/412204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=412204"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/412204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/412205"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=412204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=412204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=412204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}