The reasons wealthy people go bankrupt are mostly due to holding too many social resources, which cannot be liquidated during an economic downturn, leading to a lack of liquidity, ultimately making it futile to sell at a loss. On the other hand, the reasons poor people go into debt are largely because they have not found a way to acquire wealth; their income cannot meet their expenses, resulting in an ever-increasing deficit.

Wealthy individuals have many ways to avoid bankruptcy risks. The core principle is to stick to their main business and avoid blind investments, especially during times of economic excess; they must keep risk awareness at the forefront. However, most people are blinded by success, believing that everything is under their control. It’s inevitable; pride is human nature, and very few can remain humble and cautious at the peak of success.

For the poor, it is essential to strive to get their businesses on track. In reality, the overall economic environment does not have a fatal impact on the poor's endeavors, because a small boat can easily change direction; flexibility and adaptability are your greatest advantages. There is an old saying: big businesses fear losses, while small businesses fear consumption. This actually conveys the same idea. When you think deeper, it’s indeed the case.