You may think having more money than you may spend could be something everybody dreams of but few folks realize it’s normally not so great. That’s as a result of extravagant life can come with lots of baggage. Just check out Marcus Prinz von Anhalt for instance.

He’s a real life prince and the product of a 400-yr-outdated German noble household. But his life-style wouldn’t be mistaken for the basic fairytale life of royal luxuries. Instead it’s a life of huge spending and extravagant purchases. And loads of drama!

He’s splurged tens of tens of millions of dollars on the latest costly vehicles, gorgeous villas, magnificent jewellery, and even an impressive collection of artwork. His estate has been estimated to be round $150 Million. Yet it’s all too much for a single individual and he’s been linked to stories of financial wreck.

The largest downside with having too much cash is that it’s simple to blow it all on things that don’t actually matter. You should purchase your self all the toys you need but it won’t make you blissful. In reality it might simply result in overspending and huge monetary problems.

That’s what occurred to Marcus Prinz Von Anhalt. Despite having all this money and spending it on upmarket toys it was all too much for him. He’s been linked to a sequence of bankruptcies and legal problems and even his personal father disowned him.

It’s a sad tale because it reveals that an extravagant lifestyle can have critical penalties - if it’s taken to the extreme and no one is there that will help you handle the spending. Every once in a while it’s nice to buy one thing good, however it’s essential to be smart and know when to cease.

Really, it’s higher to enjoy the things you can afford and suppose long term. Make certain you’re investing your money properly so you may have one thing to show for it when the money runs out. Saving for retirement or investing in something that’s extra more likely to develop in worth can aid you stay financially secure.

It’s additionally important that you don’t let yourself get carried away if a windfall of money comes your method. Don’t simply deal with it as free money and be sure you plan for the longer term. It’s too straightforward to end up in hassle in the event you don’t know the way you’re going to make the money last.

The life of Marcus Prinz von Anhalt is a good lesson in dwelling extravagantly. He taught us all that irrespective of how a lot cash you've, it’s vital to spend it correctly and not get carried away. That way you may get probably the most out of it without making the same mistakes as Marcus did.