Why do rich people go bankrupt?

There are some point of view mentioned in the book "Guide to Investing" by Robert T.Kiyosaki

• People who have grown up without money have no idea how to handle a lot of money.
• When people come into money, the emotional euphoria is like a drug that boosts your spirits.
• The hardest thing for many people is to say to people they love when they ask to borrow money.
• The person with money suddenly becomes an "investor" with money, but without education and experience.
• The fear of losing increases.
• The person does not know the difference between good expenses and bad expenses.