Winning a million dollar lottery or being part of a successful business might seem like a dream come true to some. It could be the key to financial freedom. For others, however, making it rich could actually be their worst nightmare. This is a list of 12 reasons why you may be afraid to make more money and have an extraordinary increase in your wealth. Starting with number 1 below.
1. Security And Theft
There’s an old saying that with more money comes more problems. One of these problems has to do with security and theft. The more people know about the wealth you have accumulated, the better chances you have of being picked out for a potential robbery or mugging. On the other hand you can also be subject to scams, or other people that may want to steal your money.
2. Higher Taxes
Taxes are confusing even for those who don’t have a huge income. While you can just hire someone to do your taxes for you, and being wealthy, you probably will, there’s still a chance that something might be overlooked or missed or written down incorrectly, and as such, you’re usually left the worse off from it. The wealthier you are, the more taxes you typically pay, and this may seem overwhelming to some.