True, but knowing how to manage money is something you learn on the way to having a lot of money. Any kind of immediate wealth like winning the lottery, making

True, but knowing how to manage money is something you learn on the way to having a lot of money. Any kind of immediate wealth like winning the lottery, making a single relatively spontaneous thing that unexpectedly makes you tons of money (like a single hit song, etc.) is simply too fast for you to adapt to it and so by the time you learn, you've burned through too much of it. In the same way, a rich person suddenly becoming poor would lack the skill to stretch out their near-zero resources, while one that is conscious of a slow decline will not only stretch out their reserves longer but also be far more used to living frugally by the time they hit that same near-zero level. And it's not like it's too hard either, you just need some guidance. A distant acquaintance had a frankly obscene amount of Bitcoin laying around from back when CPU mining still made sense and the first thing he did when he realised what he had was sell enough to hire the best financial advisor he could find. He now owns a house, a startup incubator, several rental properties and I don't think he's sold much more of that BTC than what he did originally.