Steve Jobs, the late billionaire cofounder of Apple. In the late 1990s, the internet created thousands of millionaires — and a handful of billionaires — in Silicon Valley.

    The entrepreneurs who rode the wave early and bailed out before it crashed in the early aughts suddenly found themselves in an unfamiliar position: having worked 80-hour weeks at internet startups for the past few years, they now no longer needed to work at all. Ever.

    For the millionaires, smart financial planning meant a comfortable life and the freedom to pursue new things.

    For the billionaires, champagne baths every morning and new Lamborghinis every afternoon couldn't deplete the fathomless amount of cash on hand. "Your entire philosophy of money changes," writes author Richard Frank in his book, "Richistan." "You realize that you can't possibly spend all of your fortune, or even part of it, in your lifetime, and that your money will probably grow over the years even if you spend lavishly."  

    Ronald Martinez/Getty ImagesBillionaire Mark Cuban is the owner of NBA team the Dallas Mavericks. There are dotcom entrepreneurs who could live top 1% American lifestyles and not run out of cash for 4,000 years. People who Bill Simmons would call "pajama rich," so rich they can go to a five-star restaurant or sit courtside at the NBA playoffs in their pajamas. They have so much money that they have nothing to prove to anyone.

    And the strange thing is that a striking number of them get totally depressed.  

    Have you ever swung on the Olympic rings at a playground jungle gym? Kids — especially short ones, like I was — have to jump to grab the first ring and then swing like a pendulum in order to reach the next. To get to the third ring, they have to use the momentum from the previous swing to keep going. If you hold on to the previous ring too long, you'll stop and wouldn't be able to get enough speed to reach the next ring.  

    This is Isaac Newton's first law of motion at work: objects in motion tend to stay in motion, unless acted on by external forces. Once you start swinging, it's easier to keep swinging than to slow down.  

    The problem with sudden success, it turns out, is that it can be like having someone lift you up to grab onto one of the Olympic rings. Even though you get dropped off somewhere far along the chain, you're stuck in one spot.

    Financial planners say that this is why a surprisingly high percentage of the rapidly wealthy get depressed. As therapist Manfred Kets de Vries once put it in an interview with The Telegraph, "When money is available in near-limitless quantities, the victim sinks into a kind of inertia."

    Wait — the victim? We're calling the courtside pajama guy a victim?

    It's hard to feel entirely sorry for him, but in a sense, yes. For him, life has stopped moving forward. When businesspeople cash out big, says wealth coach Susan Bradley, "Momentum has been building for a while. Then there's this moment that it's over, and all the champagne is gone, and there's this feeling of this drop into an abyss. It's like the beams of a house have gone away and you have to build from the inside out. That sense is paralyzing. It actually affects our cognitive functioning."

    I'm pretty sure that acquiring a billion dollars would solve all my problems. However, studies show that the wealthy — especially those who fall into it through inheritance or the lottery or sale of a business — are often not happier once they're rich. A meaningful percentage of them believe that their wealth causes more problems than it solves.

    Photographer: Neil ArmstrongBuzz Aldrin walks on the moon. If you want to get really depressed about success, look at what happened to the heroic astronauts of the 1960s and '70s. Buzz Aldrin, the second man to set foot on the moon, returned home from the historic Apollo 11 mission and became an alcoholic. Severely depressed, his life unraveled. Aldrin burned through three marriages and wrote two memoirs about his misery.

    Neil Armstrong, the man who stepped out of Apollo 11 just ahead of Aldrin, spent his next few decades figuring out what to do with his life. He briefly taught some small classes at a university, then quit unexpectedly. He consulted a little for NASA and some random companies, and did a commercial for Chrysler, and quit all those things, too. Mostly, he just hid from autograph seekers and sued companies for using his name in ads.

    There were certainly multiple factors contributing to these men's post-moonwalk slump, but the question, What do you do after walking on the moon? became a gigantic speed bump.

    The trouble with moonwalkers and billionaires is when they arrive at the top, their momentum often stops. They turn into the kid on the jungle gym who just hangs from the ring.

    Not coincidentally, this is the same reason that only one-third of Americans are happy at their jobs. When there's no forward momentum in our careers, we get depressed, too.  

    As Newton pointed out, an object at rest tends to stay at rest.  

    So how does one avoid billionaire's depression? Or regular person's stuck-in-a-dead-end-job, lack-of-momentum-fueled depression?  

    Harvard Business School professor Teresa Amabile took on the question in the mid-2000s in a research study of white-collar employees. She tasked 238 pencil pushers in various industries to keep daily work diaries. The workers answered open-ended questions about how they felt, what events in their days stood out. Amabile and her fellow researchers then dissected the 12,000 resulting entries, searching for patterns in what affects people's "inner" work lives the most dramatically.  

    The answer, it turned it, was simply progress. A sense of forward motion. Regardless of how small. 

    And that's the interesting part. Amabile found that minor victories at work were nearly as psychologically powerful as major breakthroughs. To motivate stuck employees, as Amabile and her colleague Steven J. Kramer suggest in their book, "The Progress Principle," businesses need to help their workers experience lots of tiny wins.  

    Courtesy of Shane SnowShane Snow is author of new book "Smartcuts: How Hackers, Innovators, and Icons Accelerate Success."

    This is helpful to know when motivating employees. But it also hints at what billionaires and astronauts can do to stave off the depression that follows the high of getting to the top.  

    To get out of the funk, say Joan DiFuria and Stephen Goldbart, cofounders of the Money, Meaning & Choices Institute, depressed successes simply have to start the Olympic rings over. This is why so many people who don't need more money still create new businesses. It's why others parlay their success sideways to get into philanthropy. And it's why billionaires like Groupon's Andrew Mason and Microsoft's Paul Allen start bands. Even if their subsequent endeavors are small, they can hold depression at bay by making progress on, well, anything.  

    They don't have to do something bigger or better to be happy. They just have to keep moving. 

    This is what psychologist Karl Weick of the University of Michigan calls "Small Wins." "A small win is a concrete, complete, implemented outcome of moderate importance," he wrote in a seminal paper for American Psychologist in 1984. "Once a small win has been accomplished, forces are set in motion that favor another small win."  

    Not every astronaut struggled post-space like Buzz Aldrin did. Earth orbiter John Glenn went into politics. Alan Shepard, America's first man in space and the fifth to stand on the moon, became a successful businessman. Alan Bean, who moonwalked in the Apollo 12 mission, became a painter. And Apollo 15 spaceman James Irwin found fulfillment in helping others as a minister. Each parlayed his momentum into something that kept the wheels of life turning.  

    For someone who's suffering from a lack of momentum, discouragement comes in part from a feeling of a lack of control. "Small wins are controllable opportunities that produce visible results," Weick says. And that's all it takes to start feeling better.

    Shane Snow is author of new book "Smartcuts: How Hackers, Innovators, and Icons Accelerate Success



    Read more: http://www.businessinsider.com/psychology-of-success-why-billionaires-get-depressed-2014-9#ixzz3EXFnArp1
 


Comments

People will always say that Compulsive Overeating is an eating disorder. But it is not so. A lot of Compulsive over eaters get rough cravings which more often than not, they cannot master. To them, it could be either small or big amounts of food.

Reply
09/30/2015 2:42pm

I also wish him good luck to defend his gold medal. I definitely
enjoyed every little bit of it I have you bookmarked to check out new
stuff you post.

Reply
11/25/2015 4:22am

Unfortuantely, I don't see any billionaire getting depressed because he can't feel that he is doing enough for the welfare of the society. The potential urge to earn more is one disease which seems not to have gone from the blood of these individuals. A small nation could overcome their financial problems easily if one of the billionaires offer help but these parasites do not do so.

Reply
01/27/2016 3:19am

Thanks for posting this. I like your post it is worth reading.

Reply
02/17/2016 11:36pm

Hey – great blog, just looking around some blogs, seems a really nice platform you are using. I’m currently using WordPress for a few of my blogs but looking to change one of them over to a platform similar to yours as a trial run. Anything in particular you would recommend about it?

Reply
03/14/2016 11:10am

Oh, I'm a big fan of Shane Snow and her book book "Smartcuts: How Hackers, Innovators, and Icons Accelerate Success!

Reply
05/24/2016 3:42am

A very insightful website. The method you have share this information is truly extremely pleased. Hope to see more on this subject here.

Reply
06/06/2016 5:31am

his is my first time i visit here. I found so many entertaining stuff in your blog, especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the leisure here! Keep up the excellent work.

Reply

You dont need a reason to be happy!

Reply
06/27/2016 12:57am

Well, it's their own problem. I don't care about them.

Reply
08/01/2016 4:43am

Gmail has been known to give one of the best free mailing services and has been preferred by millions of users across the globe

Reply
08/03/2016 7:14am

I would like to thank you for this excellent post!

Reply
08/27/2016 2:01am

Hello me and my friend who works in childcaresales.com.au as business advisor, Many people still trust that building a fruitful business depends just on devices or cash and overlook the entrepreneurial mentality. That is the reason 3% of the general population profit than the other 97 % individuals on the planet.

Reply
09/11/2016 2:17pm

A very informative blog. The process you have discuss this information is truly incredibly satisfied. Desire to see more on this topic here.

Reply
09/21/2016 9:40am

Thanks for sharing this info as well as I'll enjoy to review your following article also.

Reply

Awesome! Thanks a lot to you for this!

Reply

I read your whole blog, Your work is really good and inseparable, Thanks for sharing.

Reply

Thanks a lot for briefly defining all the reasons here . It is said that mostly Billionaires are fail to find relaxation in their life . The reasons you have discussed here has definitely increase visitors knowledge.

Reply

Fine method for telling, and charming article to acquire truths about my presentation center, which i am going to show in foundation of advanced education.

Reply
12/07/2016 9:03pm

Nice to be visiting your blog again, it has been months for me. Well this article that i've been waited for so long. I need this article to complete my assignment in the college, and it has same topic with your article. Thanks, great share.

Reply
12/07/2016 9:07pm

Please keep on blogging.

Reply
12/25/2016 11:25pm

this post will be adequately Just about everything looks shocking exhibited a certification of thankfulness is all together to share.

Reply
01/01/2017 1:49pm

I was glad to be able to get information through an article on this web page.

Reply
01/26/2017 9:24am

This is an amazing research article that you have shared. This should be shared at other educational platforms for students.

Reply
02/03/2017 3:03am

mp hsc result 2017

Reply
02/24/2017 10:08pm

Your blog is really interesting and inspiration to many. I'll be looking forward for more of your posts. Keep it up! Thanks for share..

Reply

Supplement The insufficiency has become a reason for erectile dysfunction in certain guys.

Reply

Extending or even working out your penis.

Reply
03/12/2017 4:23pm

This is documented to improve psychological functionality and also memory space.

Reply
03/13/2017 1:32pm

Of course this age-old natural treatments towards hard-on issues may have benefits because they tend to be free from any kind of side-effect, even though they might get a little bit of time for you to display outcomes.

Reply
03/14/2017 11:04am

He or she starts the actual part having an episode associated with compliment.

Reply
03/14/2017 6:12pm

-) Continue reading even as we check out the actual ignominious dimension ointments marketplace, and also the truth in back of their own guarantee. Appear Before you decide to jump Getting got the long term passion along with growing my own dimension individually, among the initial points We invested within had been the actual guarantee associated with penile enhancement lotions.

Reply
03/15/2017 12:34am

Wow this is fantastic website band I am dwindling love on it!

Reply

I really like your post so much.. Thank you for sharing! :)

Reply
03/15/2017 3:35am

amazing format and exceptional short article.numerous many thanks this can be excellent details

Reply
03/16/2017 12:06am

I am very pleased to see this article, thank you for sharing. I hope next time will be better.Inside If you on my homepage can be found more related content.This blog is vary interesting ......

Reply
04/01/2017 2:14am

Your blog is really interesting and inspiration to many. I'll be looking forward for more of your posts. Keep it up! Thanks for share..

Reply
04/04/2017 2:59am

Amazing format and exceptional short article.numerous many thanks this can be excellent details

Reply
04/04/2017 3:01am

Thanks for sharing this info as well as I'll enjoy to review your following article also.

Reply
05/12/2017 4:02am


Welcome to DHL Tracking Track DHL Couriers & Parcels By Entering the dhl tracking number

Reply

I like the beneficial details you offer in your content. I'll save your blog site and examine again here regularly. I am quite sure I will discover many new things right here! Best of fortune for the next!

Reply
05/25/2017 5:40am

Reply
06/07/2017 11:43pm

Welcome to Official Site Track fedex Couriers & Parcels By Entering the fedex tracking number Track fedex Global Mail Tracking

Reply
06/09/2017 1:34am

We don't have any idea of what will happen in our lives for tomorrow, next week and for the next years; life is full of surprises and with decisions to be made in the last minute, so do as moving. Life can give us emergency situations that requires us decide as soon as possible.

Reply
06/21/2017 10:32am

Nothing I can say but this article is really useful for me. Thank you.

Reply

Forex investing can be incredibly tedious if you try to do it by hand. So it's a good thing that there are robots available that can do the job for you. Except -- how do you find a Forex robot, also known as Forex Expert Advisor software, that does the job so well that it's actually making you money, consistently, and over the long haul?

Reply

Incredible points. Sound arguments. Keep up the great work.Thanks for sharing in detail. Your blog is an inspiration! Apart of really useful tips, it's just really!

Reply
09/03/2017 7:29pm

This is a great article. I am interested in your website for providing a complete review.

Reply
09/07/2017 11:50am

The thousand islands are beautiful, beautiful and interesting to visit. Nkmati charming beach and blue sky in white cloud.

Reply
09/12/2017 8:37pm

We offer web hosting for you with good quality. Thank you very much.

Reply
09/15/2017 5:30am

Let's share information here. The right address.

Reply
09/20/2017 5:16pm

It is the right address and an effective learning program, jont Kampung Inggris Institute.

Reply
09/27/2017 8:42am

Want to know some kind of birds chirping and price range? Please refer to the list of names and photographs of different types of birds chirping below. Sometimes there are birds chirp whose quality is normal karen not really adept twitter can get expensive price.

Reply
10/06/2017 9:22pm

I am grateful for this blog to distribute knowledge about this significant topic. Here I found different segments and now I am going to use these new instructions with new enthusiasm.

Reply
10/17/2017 6:24pm

Seribu Island is the most famous place in the Thousand Islands area. This place becomes the idol of the tourists with the enchanting blue sea charm offered. Tidung Island is a village name in the district of South Seribu Islands, district of Kepulauan Seribu.

Reply



Leave a Reply