Of the few people who accumulate vast amounts of money—tens or hundreds of millions—there are many who lose it all. They spend the money on failed businesses, expensive things like cars, illiquid investments like mansions, living out lavish group experiences with their friends and entourage.

Even incredibly high earners can go broke if they’re not mindful of how they spend their money. No amount of earning is enough if your spending outpaces it. 

This is the same kind of problem—though to a different degree—that the rest of us face as well.