Put bluntly: being well off makes you big headed. If you have plenty of spending power you feel powerful and, subconsciously at least, start assuming you must be an important person whose opinions and ideas are good.
Alas, pride comes before a fall and we can become so convinced of our wisdom and invulnerability that we prefer whatever ideas comes from our own minds and will tend to ignore wise advice from cooler heads.
History is full of people who suffer hubris - an overwhelming self confidence that leads to disaster. Self belief and confidence are important but it has to be based on sound foundations. He who is too secure is not.
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