Career Testing
Career Testing
Career Testing
WORK-LIFE BALANCE / JUN. 03, 2015
version 6, draft 6

Top 10 Problems of the Rich and the Famous

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Shutterstock

Being rich and famous may sound glamorous, but it’s not always as good as it seems! Sure, you have a lot of money and people know your name, yet there’s so much more to life than these things. There are quite a few DOWNSIDES to being rich, famous, or both.

See Also: Top 10 Things Money Can Buy When You’re Rich and Famous

Hard to believe? Here are a few reasons you don’t want to be rich and famous:

1. Taxes

1040 form
istock

If you think taxes are bad on your $60,000 per year salary, imagine how bad they are for a $6 million per year income. When the rich fail to pay taxes, they go to jail--like Wesley Snipes. The IRS is far less likely to overlook a large amount of taxes owed.

2. Paparazzi

paparazii
PP

If there is one thing that makes life as a celebrity horrible, it’s the paparazzi. Not only are they around at every hour of the day, but they can actually be dangerous for your wellbeing! Look at Ryan Reynolds, who was hit by the car of a photographer while filming the movie Deadpool.

3. No Privacy

no trespassing
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If you’re famous, people tend to judge all of your actions. Though you may not like it, everything you do will be under a microscope. If you make bad investments, marriage choices, or even fashion choices, everyone will know about it.

4. Bad Investors/Scammers

hacker
shutterstock

It’s good to have a lot of money to spend and invest wisely, but the fact that you have so much money means that there are always going to be people looking to scam you. There are always people with "investments" that are a waste of your time and money, but the fact that you have so much money makes you a target.

5. Lack of Motivation

bored at work
HuffPost

This is a problem that many wealthy people encounter with their children. The reason that most of us work every day is to make money, but what happens when you don’t NEED to make money? Why would you work? Many children from rich families lack motivation to work or do anything beyond enjoy their parents’ money.

6. Lack of Time

depressed businessman
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How did you get rich in the first place? Most of the millionaires and billionaires in the world today earned their money, and it takes a lot of time and hard work to earn that much money. The rich and famous often spend much of their time at work, meaning they have less time for hobbies and recreation.

7. Too Much Travel

This may not seem like a bad thing, but it really can be. Business magnates, CEOs, and actors all do a lot of traveling for work, but their families are back at home. They end up spending far less time with their families and loved ones than they’d like, and it can be a fairly solitary life.

8. Target for Crime

police line
TDC

There are always going to be people wanting to take from the rich and famous. The more you have, the more likely it will be that you are going to be a target for kidnapping and random, theft, or violence.

9. Higher Risk of Death

high risk climb
TopTenz

This may be hard to believe, but it’s true! The rich and famous have more money to spend, so they often spend it on things that can be hazardous to their health. Many wealthy people have died in boating accidents, costly cosmetic surgeries, driving too fast in sports cars, climbing Mount Everest, and a dozen other activities no "Average Joe" would ever do.

10. Health Problems

health problems
shutterstock

Actors who spend hours in makeup--both for filming their movies and appearing in front of cameras--tend to have a lot more skin problems than the average person. Those who work 70 hour weeks running a multinational corporation tend to have much higher stress levels than those working for them. Health problems are common among the rich and famous!

See Also: Top 10 Ways to Become Rich

While there are a lot of great reasons to be rich and famous, you need to realize that it’s often a lot harder than you might think!

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