If you'd asked me as a kid how rich people became poor, I'd have said by spending all their money. That's how it happens in books and movies, because that's the colorful way to do it. But in fact the way most fortunes are lost is not through excessive expenditure, but through bad investments.
Paul GrahamRelated topics
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The rich were dull and they drank too much or they played too much backgammon. They were dull and they were repetitious. He remembered poor Julian and his romantic awe of them and how he had started a story once that began, ''The very rich are different from you and me.'' And how someone had said to Julian, ''Yes, they have more money.''
Ernest Hemingway
As we get rich, the basics of life--food, clothing and shelter--become a very small part of total expenditure. And people have enough money to purchase things that enhance them spiritually and I mean the word spiritual not necessarily in a religious sense but in the sense that it adds to your feeling of well-being.
Robert Fogel
