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Unformatted text preview: Society indoctrinated us with the beliefs that those who have money spend lavishly and if you dont show it, you dont have it. Most of the wealthy wear inexpensive suits and drive American-made cars. Most live in homes valued at $320,000 and about half occupy the same home for about 20 years. They invest nearly 20% of household income each year. 21% of their household wealth is in their private businesses. The wealthy find pleasure in owning substantial amounts of appreciable assets rather than displaying a high-consumption lifestyle. Risk is defined as having only one source of income....
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This note was uploaded on 02/22/2012 for the course FINANCE 250 taught by Professor Maryevans during the Spring '12 term at Rutgers.
- Spring '12