How Do Teh Mega-Rich Spend?

Swisslist

Member
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?
 

Britney

Member
Can't say I do, but I intend to find out - and soon! That's right. All these sleepless nights and long working days are going to pay off for me sooner or later and then I'll be back here to tell you all about it:);)
 

tulip

Active Member
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'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.
 

Connected

Member
I think there's normally a sort of balancing act between liquidity and acquisition of assets.

That's how they stay rich. They keep assets that way so they keep their wealth. How they got there in the first place is another conversation, but their spending habits require handling money/assets differently than you and I.
 

Britney

Member
I think you hit the nail on the head there, about their spending habits. Habits are what separate the poor from the wealthy. If we all had good money habits, like for example, paying ourselves first every month and keeping a tenth of all we make and investing it every month, then we would all be financially secure in our lives.
 

ritchie

Active Member
Look at it this way; you've spent decades making your way to the top and the journey has been filled with challenges. Finally, you become mega rich. What would your spending habits be like? I don't think I'd ever be wasteful. All my spending would be careful.
 
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