How the Rich Spend Their Money

Austin, Texas
January 20, 2020 8:06pm CST
This article writer says the rich spend their “money on vacations, entertainment and collectibles”. Uh huh. Well I guess the comedian Chris Rock was right. There must be a difference between between being rich and being wealthy. Because from what I can tell, the wealthy squander their fortunes on space travel and exploration, in the hope of establishing colonies on other planets AND on research related to developing a drug that will make them immortal, since cryogenics didn't work.
https://www.entrepreneur.com/article/237992
9 people like this
9 responses
@Alexandoy (65302)
• Cainta, Philippines
21 Jan 20
I would have been considered rich because I take vacations abroad at least 2 times in a year, I get entertainment when I want... but no collectibles, waheehee.
2 people like this
• Austin, Texas
21 Jan 20
You should purchase some collectibles. They are like an investment. They appreciate in value and you can put them in your will to give to someone you love as an inheritance.
@LadyDuck (502198)
• Italy
21 Jan 20
"New rich" are the worst, they only waste money, they help no one, they do nothing good.
2 people like this
• China
21 Jan 20
I admire some of the rich for spending their money on charity .
2 people like this
@RebeccasFarm (91299)
• United States
21 Jan 20
Squander is right Moneyspinner.
1 person likes this
• United States
21 Jan 20
@cmoneyspinner I abhor this waste
1 person likes this
• Austin, Texas
21 Jan 20
Thank you. I was wondering if anybody would pick up on that word.
1 person likes this
@marlina (154103)
• Canada
21 Jan 20
They might be filthy rich, but don't forget they do not pay their fair share of taxes, they have all kinds of loopholes.
1 person likes this
• Agra, India
21 Jan 20
Maybe what but I'm sure they find think a lot before spending
1 person likes this
• Austin, Texas
21 Jan 20
I'm not sure what you're saying. Your sentence does not make sense.
1 person likes this
• Austin, Texas
25 Jan 20
@amitkokiladitya - Oh! Perhaps that's it.
1 person likes this
• Agra, India
23 Jan 20
@cmoneyspinner sorry... I meant they don't think before spending money
1 person likes this
@DianneN (254949)
• United States
21 Jan 20
Wealth is all relative. Different strokes for different folks.
1 person likes this
@thelme55 (79311)
• Germany
26 Jan 20
That's good to know. How I wish I am rich.
@dgobucks226 (37621)
1 Feb 20
To me it seems from this example that the rich and wealthy have the same objective. To spend money on frivolous things rather than putting it to good use.