Here are the three common cycles, according to Manson:
Stress cycles: These folks have high-pressure or high-stress jobs and then spend most of their money on things that bring them stress relief. “These people end up in a constant cycle of stress-generation and stress-relief while failing to actually build much wealth,” Manson says.
Ego cycles: These are the people who feel powerless, insignificant, or useless in their work environments, and to compensate for feelings of insecurity, spend money on superficial status symbols.
Pain cycles: People in this cycle hurt themselves in their line of work. “It may be physically (professional wrestling, sword swallower) or it may be emotionally/psychologically (sex work, demeaning jobs, abusive bosses or coworkers),” Manson says. They then spend their money on pain relief in the form of alcohol, drugs, and other distractions and diversions.
Keep reading: “How to Make Money Without Thinking About It”