Category: Entrepreneurs

Rich, Disabled & Depressed.

Did you know that rich people get depressed just like the disabled, working-class, and poor? In fact, in our current climate, everyone gets depressed at some point in their lives regardless, of gender, ethnicity, job title, social status, wealth, or physical and mental disabilities?

There is no such thing as a perfect world or perfect lifestyle that most of us try to strive for. The higher we climb the harder we fall and with more wealth, there will be more problems.

There is not one person on this planet that cannot say they have never been depressed. Even babies can be born depressed.

Rich people are prone to depression because a lot of money of their net worth exists in untouchable assets such as home equity and retirement accounts, not only pressures of work can take their toll on a person’s mental state. For rich people some of the time their wealth only exists on paper and they cannot spend it and run the risk of disappearing due to market conditions.

Rich people spend less time with their families and more time at work, this then puts strain on relationships.

Where the working class person can allocate time to spend with their families in the evenings and weekends and middle to high-class entrepreneurs will prioritize their business in order to run a tight ship. with no time wasted and every day is one day closer to striking gold and more gold. Not everyone is born privileged.

However, saying this person is born privileged or is famous and in the public arena may find it difficult to live normal lives. They cannot just pop down to a local cafe or supermarket their every move is documented so they live in a secluded place away from prying eyes.

The upper class and born privileged person may not understand about other classes and with money flowing may take their wealth for granted but again a wealthy person may also experience depression as they cannot walk on Gods earth freely without being followed by paparazzi and may have to have an entourage of security guarding them. They cannot walk into a store or go anywhere public. They are imprisoned in their own surroundings. They may not have the freedom to do things randomly unlike the rest of the world.

Most CEOs, founders, the innovators are prone to depression more so than the average person, possessing subtle psychopathic traits and be more prone to addiction.

Their addiction and obsession with work only fuel the fire to not fail. Rich people may also turn to alcohol and recreational drugs to self-medicate. These tendencies may even help the individual rise to such heights through their insecurities.

Research suggests that CEOs may be depressed at more than double the rate of the general public (which is already about 20%).

It is also suggested that even privileged rich kids are, counter-intuitively, more depressed and anxious than their middle- or low-income peers. This could be because a social group trap is so tight-knit that it would be virtually impossible to make friends out of their social circle, giving rich kids less freedom. Rich kids do not mix with poor kids or vice versa.

People on low incomes have lower expectations and working-class families learn to cope with the bare minimums and are truly grateful for what they have, which high class have more expectations and are not grateful of what they have because they always want more and better things than the Jones’s. Low-class families are more humble and can show more empathy and understand that a less privileged person will be eternally grateful for any help that is given to them.

Hence a lower class family will be eternally grateful compared to a wealthy family. Whilst a wealthy family will expect the best of the best and if they do not get what they desire they may experience anxiety and depression. There is currently not enough research about the prevalence of depression in the upper vs. the lower socioeconomic classes within a country.

Psychologists who have treated the very high-functioning C-suite types over the years have collected data consensus that tells them that people of high social status and enormous wealth are prone to major depression for a variety of reasons than people of other socioeconomic strata.

Todd Essig, a Forbes writer, and psychologist in New York City said “Uber-success can be depressogenic”. “Many C-suite executives are prone to depression, despite their success, maybe even because of it.”

Depression can affect the lives of everyone, in any stratum.

Regardless if you are rich, poor, or with a disability, no one is immune to anxiety and depression.

However, people who have extreme success are more prone to depression because a person who is successful has chased their own dream and is more protective of it causing isolation and the pressures to keep it a success and not to fail can cause a person to isolate.

People of extreme successes are more prone to criticism there will always be competitors and haters and people just watching and waiting for them to fail.

A person in the public eye may not always have people who will believe in their success.

In this not-so-perfect world where most of us want a perfect life, this is virtually impossible as money cannot buy you happiness. It is a constant battle to please people to have people on the same page as you and there will always be people that are jealous and will say things out of context just to hurt you. It is a constant battle to stay on top which triggers depression in those you’d least expect it. People who are successful, wealthy, and with a disability may find even more pressure to not fail and have to work even harder to get around obstacles. In fact, some of the most successful people in history have suffered from relentless, incapacitating depression – some have won their battles, or, at least, continued to battle, yet some, sadly, succumb to them.

Comparing yourself to the Joneses

People who are extremely successful and very wealthy will always want the best of the best and will always compete with one another to have something grander. This could be the best-hosted party in which mingling with other wealthy people only puts more pressure to make their event even more spectacular. Their competitors, neighbor, or friends dripping with jewels then their jewels would have to be bigger and more expensive, this could also be designer clothes, accessories, cars, properties, etc. They constantly compare themselves to the Joneses. Countries that are low-income, on the other hand, have low depression rates. However even countries with low wealth still like to compete, you should see the graves in Poland the bigger and grander reflects the wealth of the family.

Some people habitually measure their self-worth by materialistic items that they own. Even people of low wealth try to portray they are rich by wearing designer clothes and accessories but in reality, they do not have two pennies to rub together. Not everything that glistens is gold.

Quality Time

People of working or low class have time to delegate their free time whilst a person who is an entrepreneur will be more driven in making their business succeed and may neglect family in order to concentrate on making their business a success. Once at the top of the ladder they will constantly be overprotective to make their business stay in the number one spot. This adds further stress and anxiety and eventually depression.

People of the lower class do not have the same expectations and those of the working or middle or higher class. They may be complacent to what they have and will not be driven to improve their lives they will not have the same pressure as working or middle-class people. Entrepreneurs are on the spectrum of the lower, working, middle and upper class but they have a key goal to succeed. They will battle to climb the ladder. To achieve extreme success, a person needs to dedicate an extraordinary amount of time and effort to get there, which can make for a life that feels precipitous and lonely.

People climbing the ladder may find everyday things that people take for granted like spending time with family mundane and not proactive. Going for leisurely walks or taking time out to exercise may be an ordeal and you will be surprised that many successful people have their own Gyms or exercise bikes in their offices. Also engaging in meaningless conversations and socializing with people that do not have the same vision adds even more pressure to socially disconnect.

Privilege People

People who have been born wealthy and do not have to ever worry about putting food on the table may find it hard to cope if they find themselves in uncharted territory. People born into wealth do not understand and may find it harder to cope with life problems as they have always been shielded from it. Arnold Washton, a psychologist at Compass Health Group said that depression may also be more common in people who have only known wealth, since they may not be familiar with bootstrapping themselves through difficult times. However, people who self-made millionaires or billionaires may be more resilient as they have experienced the struggles of getting to the top and they know what to expect. A self-made millionaire, a billionaire has more authority to teach people about wealth than someone who was born with a silver spoon in their mouth.

The higher you rise the harder you fall.

To be always vigilant and be prepared for disasters and knowing from all the mistakes and failures you have had will give you a building block to start again. Having a stepping stone if things go belly up and being able to reinvent yourself is one key factor to making sure you succeed. If something is not working quite right create another building block. When business is bad, it goes without saying that depression would be more likely. In good economic times, even if every milestone is hit at exactly the right point, some may find that they feel they have failed. Rather than let everything come tumbling down have strategies in place for every economic disaster.

Just because someone is super-wealthy does not mean you have to be less empathetic towards them. By helping them get through their depression will encourage them to help you. The super-rich also have bills to pay and have obligations just like you and I. Obviously our bills are nothing compared to the magnitude of theirs but it’s bills all the same. Unless a person is a ruler of the land or oil tycoon even then the laws of the land may forbid their relatives to live normal lives. Even princesses have attempted to escape certain countries because they want to live normal lives. Knowing a person is depressed regardless of their stature one can only offer a helping hand this could be just an anonymous talk or perhaps advice and links to organizations.

Rich Person Insecurities.

1. Keeping up with the Jones
2. Health Issues, Mental Health, Physical and Mental Disabilities
3. Sealing the Next Deal
4. Finding Funds for the Next Investment
5. Shopaholic, Wife, Girlfriend, Partner, Mistress (Over Spending)
6. Infidelity (Not being satisfied)
7. Balancing Work and Family Life
8. Pressures to Succeed and maintain No1 spot
9. Market Conditions
10. Untouchable Assets

Wealth/Money cannot buy you health or happiness. Wealth? Money is a tool and a monetary exchange for something you desire. Wealth can satisfy your needs and fill in an empty void, it can help secure your future and your family’s future but it cannot buy you health or happiness. Having material things and assets may make you feel more superior but it will never make you happy.

The key to happiness is knowing that what you do helps others. However to be happy you need to be healthy and you have to treat your body like a temple. If you look after your body it will look after you the spiritual being in the physical body.

If someone is suffering from depression and recognizes they have a problem this does not make them weak. By reaching out to someone is the first step to healing.

Sharing your pain, your worries, and anxieties are the first step to alleviating the problem. A person who is suffering should not suffer alone and needs to reach out to someone or seek professional help.

Regardless of the person’s title or wealth status, we are all human at the end of the day.

Regardless of who you are you can drop us a line you do not have to give your real name and you can set up a Gmail email if you simply feel life is unbearable we are here to lend an ear and we can offer suggestions.

Whatever you are going through you do not have to go through it alone. You are not the first or the last person to suffer and you should not suffer in silence.

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