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Reply to "Stuff Rich People Do"
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[quote=Anonymous]Baby night nurse Nanny comes on family vacation $1M+ beach house that is never rented even when the owners aren't using it No financial planners Non financially interested spouse doesn't know list of assets he/she owns (and doesn't worry about it because the significance of individual assets financially speaking are meaningless) No budget (there is literally always money to pay for anything- consequently I would suggest that most wealthy people buy few times since the capability to buy almost anything causes them to be very discerning) 6+ figure estimated quarterly tax checks (on top of any withholding taxes from salaries) Tax returns filed in numerous states (i.e. Not 2-3, but numerous) Total business and individual tax returns can be in the dozens (they probably pay to their accountants more than the average American makes) They have numerous law firms that represent businesses they own They have numerous accountants that represent businesses they own They have numerous insurance policies with numerous companies (they probably pay more in insurance premiums than the average American makes) They have numerous banking relationships Bank CEOs take them to lunch or dinner. Charities send the head of donor relations to take them to lunch or dinner on the charity's dime. They have lines of credits with limits in the millions and regularly borrow on them, max them out and pay them down to a zero balance Banks will extend them unsecured lines of credits in the 6 and 7 figure range They have side business ventures you never heard of that generate 6+ figure profits [/quote]
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