more money more managment

More money more managment  - more money needs more management.
India
April 25, 2007 1:09am CST
Hi guys i think more money needs more management, what do you think about it. I think if you are having more money, you need to spend that money in a proper manner, so that other people will also get benefited, i mean to say that you are not losing any thing but still others are getting benefited because of you, do you think it will be a type of charity.
1 response
• United States
25 Apr 07
I heard the owner of the Orlando Magic gave the following kind of advice to his new millionaire ball players, realizing that many of these young men had been catapulted from the lowest tax bracket to millionaire status pretty quickly. He said to buy yourself a house, a car, and a few suits. Get you mom a house and a car too. After that, live off of $100,000 a year and invest the rest of it.