When you don’t have enough money, you have no choice but to be smarter and more resourceful. You have to learn, you have to look for other alternatives, be aware of where you are going, where you step when walking and, if you slip, to get up and take note of your mistakes. You can’t afford to be stupid or look stupid, otherwise your life, which is already hard, will get worse.
But when you are rich? It doesn’t fucking matter at all. You can make the biggest fuck up that a human being can do in his whole life; be deceived and swindled for amounts equivalent to a person’s 5-year salary, over and over again; you can believe all the fakenews and pseudosciences that humanity has created; you can screw up as many times as you want… You will still be rich, you will still be opulent, you will still be able to make more mistakes.
While all of us are one accident or a serious illness away from ending up in economic ruin, the rich don’t stop being rich even by dying.
Obvious? Yes, but it doesn’t hurt to remember.
That argument only works to explain and support the existence of millionaires and multimillionaires. With millions of dollars you can hire out most menial tasks easily. Especially if you’re still living in a reasonable home.
It falls apart when you reach excessive levels of wealth. Your first few million buys you a lot of time to specialize, but your $101st million buys you less. Even moreso when you get to billions.