Why millionaires get depressed

By M.Farouk Radwan, MSc.

Why do rich people get depressed?

How come can a millionaire get depressed?
And how come can such a successful person feel totally worthless or even commit suicide?

In a previous article i said that even a billionaire could get depressed if one of his basic psychological needs never got satisfied. The first thing you must understand about depression is that it happens when you lose hope in getting one of your important psychological needs.

Yes a person could have all the money in the world yet still get depressed because of a reason that has nothing to do with money.

But this is not the purpose of this article as i already covered that angle in many of my previous articles. The purpose of this article is to explain to you how can a millionaire get depressed because of money issues.

In my previous article Why do we feel ashamed to be renters i explained how we learned to associate the net worth of people to their worth in real life in such a way that we started believing that the ones who have more money are more worthy.

This way of thinking can ruin self confidence very easy for if you didn't believe that you have enough money then certainly you will feel worthless.

Why money measures self worth

The important question that should have came to your mind is: why money measures self worth and not just the net worth of a person?

The answer to that question is simple. When a person fails to make enough money the first thing he blames is usually his intelligence or his skills. In the Ultimate guide to becoming confident i said that our perception and the meaning we give to the different events determines our beliefs, mood and ultimately our level of confidence.

So one side of the story is believing that you failed to get money because you are not good enough. The other side of the story is the glorification of successful people. We glorify successful people in such a way that we forget about the fact that being in the right place in the right time is a major factor that can affect one's level of success in life. See What does luck really mean.

Why do millionaires get depressed

So based on all the previous information a millionaire should never feel depressed because of money, right?
After all that millionaire must have believed that he became rich because he was so smart, makes sense right?

Well you just forgot a simple little detail which is how that millionaire views the world. That millionaire could have the belief that successful people are the ones who have a billion dollars. In such a case that millionaire can see himself as a total loser when realizing that he is too far away from reaching that goal.

While this might sound like a crazy way of thinking still it's very common among entrepreneurs and ambitious people. In my previous article Why so many entrepreneurs get depressed i explained how the way ambitious entrepreneurs compare themselves to extremely successful people in such a way that they end up believing that they are losers or failures.

When it comes to feeling worthy , or totally worthless, perception is king. This is why a person worth millions could still see himself as a poor loser while a person who has less money could see himself as an extremely smart person who managed to become rich.

It doesn't really matter whether the person is a millionaire , a famous celebrity, or even a billionaire. What matters is how the person sees the world and how his personal beliefs are like.

The Solid confidence program was launched by 2knowmyself.com; the program will either help you become more confident or give you your money back.

2knowmyself is not a complicated medical website nor a boring online encyclopedia but rather a place where you will find simple, to the point and effective information that is backed by psychology and presented in a simple way that you can understand and apply. If you think that this is some kind of marketing hype then see what other visitors say about 2knowmyself.

Want to know more?

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