COPYRIGHTED MATERIAL
HOW TO LOSE IT ALL
C H A P T E R 17
Learning Goals By the end of this chapter you will be able to: • Link addiction with loss of wealth or the inability to build financial security • Analyze the economic risks of an addicted employee • Analyze the economic risks of binge drinking and drug use in college • Trace a typical path to financial ruin experienced by an addict • Project the long term financial economic impact of committing a crime • Profile the drug and alcohol policy of their chosen prospective college • (Opt.) Compare the wealth- building prospects of unmarried and married people • (Opt.) Use Piktochart (piktochart.com) to create a chart depicting a comparison of wealth building statistics: married vs. single Chapter Resources: Just how big a problem is drug use in America? The U.S. Department of Justice Drug Enforcement Administration’s (DEA) National Drug Threat Assessment will tell you. This is an annual report providing a comprehensive strategic assessment of the threats posed to communities and the economy by criminal organizations and illicit drugs throughout the U.S. It’s interesting, informative and a good example of a well-written report with excellent maps and graphics. www.dea.gov/docs/2015%20NDTA%20Report.pdf
PRODUCT PREVIEW
L ife is unpredictable. We have little or no control over many loss-causing events like hurricanes, fires, or car accidents. We really only have 100% control over one thing: our personal behavior and decisions. We all have the ability to contemplate our actions and their consequences. We all have the ability to decide to do or not to do something. The problem is, some personal behaviors or lifestyle choices can lead to financial loss or ruin. Others can put you in the wealth-building slow lane. For example, how often do you hear about someone — a famous person or even a family member or friend who “had it all” but lost everything to drug or alcohol addiction, gambled away their wealth, or struggled to find employment because of a criminal record? “Riches to rags” celebrity stories are all too common: Motown great Marvin Gaye, Lindsay Lohan, Misha Barton, Michael Jackson, Lamar Odom, Rapper DMX... some of these people made a financial come back, many went bankrupt — or worse! Let’s explore how to lose it all through addiction, gambling, and crime.
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