Why is that most people are likely to loose focus when they receive largesums of money?

[Stardom22]

l think that is one of the characteristics of money, the act of making one to really loose direction on what to spend on money especially when they receive large sums of money at once

 

[Suba]

If someone is not used to holding large amounts of money, then when they receive large amounts of money, psychological changes will occur quickly, such as happiness, stress, confusion, and an increased desire to buy goods.

 

[Springtime]

If you receive a large sum of money all of a sudden, you may get excited and at the same time a bit stressful because you do not know how to deal with the money. In this case, calm down and clear your mind so that you can think of the most effective way of managing this extra money.

 

[eLdavis]

In most cases it is simply because they lack focus or self discipline. Majority of them do not have enough discipline yet to manage huge sum of money.

 

[Augusta]

You become a point of interest for many, and that can lead to your actions and decisions being judged more harshly. and you get distracted

 

[Augusta]

Money-focused thinking can strain relationships with family and friends, leading to conflicts over financial matters.

 

[Fire&Rain]

It all comes down to familiarity. If you are not familiar with large sums of money, the minute you come in contact with it, all forms of judgement go out the window.

 

[Nomad]

That's because a lot of people a re tempted to spend as soon as they receive money. people find pleasure in spending.

 

[Kera]

Those people that lose focus because they have received money just didn't grow to the level of managing such level of funds.

 

[Stardom22]

I think that the money has some unique force that cause one to panic and more especially when they get large sums of money.

 

[freelancermaria]

Because they believe that money will never run out, some people who receive large sums of money become distracted. Haha. Or they believe that after they spend all of their large sums of money, they will get another one.

 

[Kross]

Because they believe that money will never run out, some people who receive large sums of money become distracted. Haha. Or they believe that after they spend all of their large sums of money, they will get another one.

That hope is what has made people to abandon their financial plans and not accomplish them forever.

 

[Nomad]

A lot of people have the suppressed desires to enjoy life, so when they get large money they are tempted to spend on luxury