5,230,079
What is missing is that a poor person probably NEEDS to spend it to survive and a rich person doesn't need it to survive.
A rich person has options - invest, spend or donate - not just save.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Bob Crane
Stevens Point, WI
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Anthony Acosta - ALLAT...
Atlanta, GA
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Debbie Gartner
White Plains, NY
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Lynnea Miller
Bend, OR
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Fred Griffin Florida R...
Tallahassee, FL
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John Meussner
Fair Oaks, CA
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Barbara Todaro
Franklin, MA
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
-
Peter Testa
Danbury, CT
1,543,817
A wealthy person would invest it in themselves (not selfishly) through education or a venture...so maybe to help someone in need with what comes from the initial investment?
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Fred Griffin Florida R...
Tallahassee, FL
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Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
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Thomas J. Nelson, REAL...
La Jolla, CA
2,178,603
I agree with the poor person part. The rich person part is a little more diverse: spend it, invest it, or give it away.
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
5,104,931
As with all such things, way to simplistic and too generalized. Life just doesn't work that way and neither do people.
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
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Carol Williams
Wenatchee, WA
5,583,278
Debe Maxwell, CRS gave the answer that makes sense.... ditto for me....
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
3,345,091
I do not agree. A rich person will use the dollar wisely. And, we need to define "rich" and "poor" as well as factor in other variables.
-
Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
758,035
Nothings missing from that except a "Love" button (I liked it instead)
-
Lyn Sims
Schaumburg, IL
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Debe Maxwell, CRS
Charlotte, NC
2,182,552
Who will save at < 1% ??????????????????
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Michael J. Perry
Lancaster, PA
547,327
I always heard that the working class man is more generous than the rich man. I know a guy that can rub two nickels together and make five dollars, but what a tight ass.
-
Ron Tissier
Atlanta, GA
187,002
Give me a dollar, and I'll go to the dollar store.
-
Raj Taj
Lake Bluff, IL
2,220,323
5,772,575
Annette,
I think that Debe Maxwell, CRS analysis matches ours in this instance. A
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Fred Griffin Florida R...
Tallahassee, FL
1,725,996
Not much, but people still need to eat
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Fred Griffin Florida R...
Tallahassee, FL
5,216,398
A rich person invests in future return while a wise poor
man spends for survival!
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Fred Griffin Florida R...
Tallahassee, FL
1,844,301
Some people are just like this & others are not. Buffet just gave away a boatload of money the other day & probably twice that will flow back towards him.
My sister still has her communion money if anyone cares.
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Debe Maxwell, CRS
Charlotte, NC
1,617,916
penny earned is penny saved
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Fred Griffin Florida R...
Tallahassee, FL
1,712,676
It is simplistic not simple.
-
Fred Griffin Florida R...
Tallahassee, FL
65,378
Yes... I look at money as a tool to save then invest....
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Debe Maxwell, CRS
Charlotte, NC
1,045,440
The fact that a poor person may NEED to spend it where the rich person is seldom likely to spend all their income... they don't need to.
1,390,113
It's a little simplistic. Richer people don't need to spend extra money they receive whereas poorer people might need that extra money. Also, many richer folk will invest rather than save.
599,274
The rich person wasn't always rich. In most cases, wealthy people started off poor or middle class. Although they "needed" to spend the dollar, they would set aside a portion of it and exercise frugality. Do that enough times and you have money saved up to invest. If you invest wisely, your investments continue to grow while you continue to live frugally and save. With exponential growth it doesn't take long for it to explode and the person is rich. The majority of the population looks at the rich person and thinks they were lucky or inherited it because they don't see the hard work it took to get there.
4,800,082
3,071,489
6,393,404
4,319,419
Annette Lawrence , Palm Harbor, FL 727-420-4041 - it depends on the stage of the life of the person, I believe.
3,988,007
That is why the rich person is still rich. Look at Warren Buffet. He is as conservative with his lifestyle as can be.
1,502,998
Not always, some poor people may see the dollar as worth saving. A rich person may be over-extended and may spend the dollar as soon as they have it.
3,986,258
4,936,677
this is so true. I was rish when I was young, save everything, what happen?
1,153,794
I agree! What's missing is some friendly Ben Franklin type advice to watch your pennies and the dollars will take care of themselves.
3,416,038
I do not agree. A poor person may use it to survive. A smart rich person will invest it. I not so wise rich person may buy something they dont need anyway.
711,852
2,684,109
1,525,616
2,781,173
7,836,134