Quote:
Originally Posted by kenyantykoon
the rich know what to do with every dollar something that the poor do not. if a rich man has $100 to spare, he will probably by a good stock or something but a poor person will spend it because he wouldnt know what to do with it. it all comes down to financial education
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Wow, in my experience the rich don't always know what to do with every dollar, but they certainly pay a lot of people a lot of money to take care of it for them (hence why Madoff was able to make mincemeat of so many). Many of the very wealthy kids I went to school with (ie. you would recognize their last names) didn't break 1000 on he SATs, but I'm pretty sure they won't be managing their own money. And last I ran into them at our reunion they were still uberrich.