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| From: | <Kiite> |
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Forget sports cars, diamonds and yachts.
Today's rich prefer to spend their money on vacations, entertainment and collectibles.
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According to a new study from Spectrem Group, Americans worth more than $25 million think of themselves as frugal but actually live large. More than half agreed with the statement that "saving and investing my money gives me greater satisfaction than spending it."
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And when asked about how they became wealthy, "frugality" ranked among the top five factors, below hard work, education, smart investing and taking risk.
Yet their spending numbers show that they still enjoy the finer things in life—or at least, the finer experiences in life.
Fully 60 percent spend more than $10,000 a year on vacation or leisure travel, the highest of any category. More than a quarter of spend more than $25,000 on trips, and 14 percent spend more than $50,000.
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"They work hard, so they like nice vacations," said George Walper, president of Spectrem Group. "And they take nice vacations because they can."
By contrast, jewelry, cars and boats weren't as popular. More than three-quarters of the rich surveyed didn't spend any money on boats. Only 30 percent spend more than $10,000 on jewelry a year, and fewer than one in five of them spent more than $50,000 on a car. (Granted, the few rich who do like cars spend a lot: 10 percent said they spend $100,000 or more).
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.... When Robin was eighteen years old, strong and bold, the Sheriff (governor) of Nottingham announced a shooting competition and offered a prize to whoever should shoot the best in Nottingham. "Now," said Robin, "1 will go too, for then I would win." So up he got and took his good how and a score or arrows, and started off from Locksley Town through Sherwood Forest to Nottingham. It was at the dawn of day in the merry Ma) time, when hedge rows are green and flowers fill the meadows; daisies pied and yellow cuckoo buds and prim roses all along the briery hedges; When apple bud\ blossom and sweet birds sing,. when boys and gm I\ look upon each other \\ oh sweet 'tumulus, when busy housewives spread Wen to bleach upon the bright green grass. Sweet was the giceimood as he walked along its paths, and bright the green and rustling leaves, amid which the little birds sang with might: and merrily Robin w histled as he walked along. thinking of Marian and her bright eyes, for at such times a youth's thoughts are on the girl that he loves the most. As he walked along with a brisk step and a ' merry whistle, he came suddenly upon some .... TO BE CONTINUED TOMORROW...JOIN US TOMORROW FOR MORE ON THIS FUNNY AND EXCITING STORY }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}
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