I'm not there yet but I believe that the mega-rich have good spending habits. I don't think they walk around with tons of cash too. On the other hand, most of these rich people have debts and I think there's normally a sort of balancing act between liquidity and acquisition of assets.The people who have hundreds of millions, or billions of dollars. How do you think they pay for things? Cash? Their unlimited credit cards? Does anyone know what the shopping habits of the mega-rich are?
I think there's normally a sort of balancing act between liquidity and acquisition of assets.