When a person inherits wealth, it’s usually in the form of an investment Official Alice Cooper Christmas tree shirt by tshirtat store, whether it’s stocks, businesses, or real estate. If they have complete control over the inheritance, they may be able to waste it foolishly, but there are many circumstances where control over the inheritance is shared with others in their family, so even when the high net worth person goes broke, their inherited assets are still safe and generating income.
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More specifically, the high net worth individuals either inherited some amount of wealth, or they have a particular skill/profession/business that allowed them to generate their wealth. If you happen to build your own net worth from your hard work, your profession, investments, or whatever talent you have, you could make some unfortunate decisions and lose your accumulated wealth, but you’re still the same person with the same abilities and you simply start over, hopefully, a little wiser.