What are THE TEN WAYS that upper class people are SMART about money in ways that
lower & middle class people simply.....AREN'T?
It's not always about intelligence. Sometimes luck is the reason why people are wealthy. I'm not in the upper class, but I don't waste money or slack on work. It's a common misconception that wealthy people are smarter, more responsible, or just plain better at life than poor people. That's not always the case.
I don't know that wealthy people are smart about money. I just think they have more of it, which buys them more advantages, and more options.
It's easy to say "save" or "invest" when you have money in excess of what it takes to pay your monthly bills. It's not so easy when all you have is enough to either pay your electric bill or buy groceries, but not both.
1. They don't make their money from wages.
2. They can use many of the Houdini clauses of the Internal Revenue Code.
3. They use the stock market as their non tax paying bank.
4. They use their businesses to give them the good living such as cars, vacations, homes etc.
5. They engage the services of highly paid, highly knowledgeable financial experts to maximize their wealth.
6..... The rest is really specifics on using the Houdini Clauses of the IRC.
by Grace Marguerite Williams2 years ago
Why middle, upper middle, and upper class children will be more successful in life than children whocome from lower middle to lower socioeconomic backgrounds? It has been substantiated repeatedly that...
by Grace Marguerite Williams18 months ago
How IS the upper class smart in ways that the middle class simply.............ISN'T?
by Goodpal4 weeks ago
Why everything in society gets decided by the rich?Will the rich any importance left if suddenly all the poor people vanish from the societies? In fact, poor people work at cheaper wages to create wealth for the rich....
by Grace Marguerite Williams22 months ago
What is the ONE THING that lower & lower middle class people WON'T EVER understandabout upper middle & upper class people?
by Jaxonwitt16 months ago
How is the upper class not being taxed when the top 1% of taxpayers pay almost 1/2 of income taxes?Data from https://www.google.com/amp/www.cnbc.com … taxes.html
by mio cid3 years ago
Income inequality has been growing for decades . Do you consider it a problem ? If so , how would you fix it ?
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