Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?
Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?
It’s better that you know what you’re doing with your money rather than giving it to wealthy people, as they will likely end up stealing it. This is often the reason why they are rich and you are not.
I feel like that more a reason you specificity aren’t rich and the rest of the people have very different reasons.
I don’t know people that has 100 millions, but I know rich people close to me, they basically have properties and get money from it, they don’t need to work, and they get more money incoming than me working and getting a salary… much more, and more than what they need too (counting that they have many homes to live in), I still say, if you have so many money, people will try to get your money. You need to know what investment you’re going to do to and learn some basic economy, or just go to the easy way and buy proprieties and make people work to pay their rent.
What makes you think owning property means you don’t know economics? I’m willing to bet those people also have a lot invested in stocks/bonds/business… feels like your just mad because they have an a you have not.
Well, firstly, what I said at first is that you will need to know economics before giving your money to others to invest to know at least what are they doing with your money, don’t let others manage your money because you can get surprised by going to bankrupt for not knowing what they did or doing, so learn some economics or how those things works.
About the people close to me… I envy them yeah, but I’m not mad… makes no sense for me to be mad at my friends/family/neighbors… we are all friendly and friends. Some of them have investments, other only proprieties and nothing more, they don’t even need to with the incoming they already have… maybe buying a new property but not everyone is interested of investments.