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Here is a brief explanation of why Nikola Tesla was living in poverty near the end of his life. Tesla will give one of the best advice to young scientist, inventors, and scientists.
Do you want to know why I died poor even though I am one of the greatest inventors of all time? If yes, then listen to what I have to say such that you do not make the same mistakes. All my life I have been thinking about how to improve the lives of ordinary people with my inventions. This is good and you should do the same. However, there were some people who always want to take advantage of smart people. They made a significant amount of money out of my inventions. If you are a talented inventor, you should also be a businessman and learn to commercialize your talents. Otherwise, you might end up poor as I did.