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and they do live in a middle to middle-upper class neighborhoods and drive a modest vehicle?
There are some very wealthy people who live like that.
If you flash your wealth around all the time, its hard to make friends because people will either think you're showing off, be envious, feel insecure, or try to take your wealth away. If you make a conscious effort not to stand above your neighbors, you can avoid those pitfalls and make good friends.
I don't know about you, but I'd much rather have Thanksgiving dinner with family and friends in a modest house than to eat alone in a mansion.
1st Generation is frugal, works hard and builds a great business. Teaches kids the value of a buck.
2nd Generation just tries not to screw it up and lives a pretty nice lifestyle. Raises spoiled kids.
3rd Generation is the spoiled kids who did not earn it, has no concept of how to keep it going, lives lavishly, parties hard, does drugs and files bankruptcy. They blow everything Grand Pa worked to build.
Not all rich folks are frugal but the ones who earned it usually are.
Location: where the moss is taking over the villages
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Quote:
Originally Posted by Rakin
There are 3 generations of rich in a family:
1st Generation is frugal, works hard and builds a great business. Teaches kids the value of a buck.
2nd Generation just tries not to screw it up and lives a pretty nice lifestyle. Raises spoiled kids.
3rd Generation is the spoiled kids who did not earn it, has no concept of how to keep it going, lives lavishly, parties hard, does drugs and files bankruptcy. They blow everything Grand Pa worked to build.
Not all rich folks are frugal but the ones who earned it usually are.
Depends what you mean by frugal, but almost everyone I know that is wealthy is not frugal in the sense that people seem to use the word here.
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