How might people who are born into wealth compare and contrast to those who are newely rich?
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Okay sorry the question was incomplete, Anyways how might people who are born into wealth compare to those who are newly rich or acquired their wealth overnight?
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Okay sorry the question was incomplete, Anyways how might people who are born into wealth compare to those who are newly rich or acquired their wealth overnight?
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The people who are born rich might not know the value of a $ as much as the people who worked to get rich.
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Wealth is the same regardless of how it was acquired, it is how you use it that defines you.
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Those born into wealth may not appreciate it as much, or even dislike having it. But will most likely know how to spend it.
While people who acquire wealth quickly or overnight (lottery as example), Will appreciate it, because they never had it before. But may be overwhelmed and not spend it correctly.
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newly aquired wealth people might spend most of their money over time.
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People who are born rich obviously have less chance of easily losing wealth..