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Money and Finances
Reply to "Old Money? Are they smart or just lucky dumb people?"
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[quote=Anonymous]I think there's something to be said for each approach. "New money" means the person probably has entrepreneurial skills and a higher-than-average tolerance for risk. These are good for making money. they may also be able to weather the lean periods in a startup company if they grew up without much. "Old money" may mean that the person is good at saving, good at thinking about long-term assets and cash flows, and is probably not as into conspicuous consumption. These are valuable traits. I think there are also careers/industries that benefit from having an employee who isn't worried about income - like nonprofits. [/quote]
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