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Do you find that those who worked to secure their wealth treat it with more respect VS those who are born into wealth?
Those who have worked to secure their wealth and have enough time left in their live's to continue working in the field that they earned the money in - typically spend it more casually. After all they had to work for it, earned it, understand the source of it and are capable of making more of it. Therefore, they spend the result of their productive efforts more than someone that was born into it / inherited it.
The type of person that inherits wealth (without having created any on their own) is typically very conscious of the fact that they did not have the ability to actually work for it and/or earn it. As a result, they tend to be more frugal and tight with the money due to the fact that they are not sure if they could ever secure that kind of money on their own. And with that being the case, they know that they have to watch the money, spend it more wisely and be more careful since the event that led them to have it (being born into it / inheriting it) might not occur again at any point in time in their life. So the money they have and did not have to work for, is basically it - and consequently they are far more careful with it due to not knowing how or when they would be able to replace it if they spent all or most of it. Some, having never acquired any skills or character to go out and earn it, live in fear of never having it, so they in a sense do respect the money more but also live in fear of it - never having it again and they are thus prisoners of their own fortune. Wealth they did not create or earn then begins to own them.
Those that have earned their own money and are able to continuing doing that, are far more free: psychologically and emotionally.
I would disagree. If you look at wealthy families, you will see that the wealth creators often come from modest means and are frugal. They tend to spoil their kids who grow up in a life of luxury never appreciating how fortunate they are.
If you look at wealthy families . . . tend to spoil their kids who grow up in a life of luxury never appreciating how fortunate they are.
I look at wealthy families every time I open my curtains, and I don't see all that much of this going on. Such stereotyping results from envy, and is propagated by the entertainment media as a way of manipulating and pandering to the resentful. The spoiled-kid thing is more a characteristic of the ambitious among the middle class.
I look at wealthy families every time I open my curtains, and I don't see all that much of this going on. Such stereotyping results from envy, and is propagated by the entertainment media as a way of manipulating and pandering to the resentful. The spoiled-kid thing is more a characteristic of the ambitious among the middle class.
How do you know from observing people from your window that they have inherited their money and not earned it?
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