In addition to making investments, that yes, earn interest and make more money, that millionaires make proportionately more donations to charity (including organizations like *cino and churches and others) than others. Of course this is partly speculation, and partly an informed guess.
One of the problems with understanding what millionaires do or do not do is that most of us have no access to a “real millionaire” that we know of. Most of them don’t advertise their worth in terms of dollars. I think that actually getting to know one, and maybe examining his/her relationship to money would yield quite a complex picture of how millionaires do or do not spend money.
I think that it’s interesting to think about the idea that perhaps millionaires spend just like everyone else does, but on a greater scale (more responsibility).
bridget
Jan 29 2004
10:56 am
In addition to making investments, that yes, earn interest and make more money, that millionaires make proportionately more donations to charity (including organizations like *cino and churches and others) than others. Of course this is partly speculation, and partly an informed guess.
One of the problems with understanding what millionaires do or do not do is that most of us have no access to a “real millionaire” that we know of. Most of them don’t advertise their worth in terms of dollars. I think that actually getting to know one, and maybe examining his/her relationship to money would yield quite a complex picture of how millionaires do or do not spend money.
I think that it’s interesting to think about the idea that perhaps millionaires spend just like everyone else does, but on a greater scale (more responsibility).