Curious to know, what are some ways that people go broke when trying to make it rich? I know some people get burned in the stock market ouch... Any other common ones?

Doing things that are out of their ability and investing in things that are out of their circle of competence.

Using debt/leverage/margin without knowing how to manage them

Insider trading - pay fines

Listen to gossip - lose money

Never read terms and conditions (structured products) - lose money

Never understand the fees - lose money

Borrow to invest - potential bankruptcy

Investing with money that's needed - potential bankruptcy