Opinion

Why do some rich people refuse to spend their money?

June 23, 2018
Why do some rich people refuse to spend their money?

Abdullah Al-Mazhar

Makkah

I read the news of thieves who attacked an armored money van and stole SR20 million. I was glad to know that they were arrested and jailed. I was thinking the other day about how hard it must have been for the thieves not to spend any of the money so as not to enable the police to locate them.

I could not imagine the thought of not being able to spend such a large sum of money. It is a tough thing to do. How could one have all this money all of a sudden and then not spend any of it?

However, one of the thieves could not bear this and decided to spend some of the money on luxurious items such as a fancy car. I think having all this money and not being able to do anything with it was more psychologically harmful than not having it.

I do not understand why some rich people who are stingy do not enjoy their money and tend to spend little of it on themselves and others. One of the reasons could be their love for money; they save every penny and keep it in the safe as if they were stamp collectors. For them, money is precious and should be kept safe.


June 23, 2018
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