Inside the Minds of the Ultrawealthy (Published 2017)
nytimes.com
Saved by Philip Soriano
Inside the Minds of the Ultrawealthy (Published 2017)
Financially successful people choose to do work that is economically rewarding, then manage their income with frugality and thrift.
Research shows that billionaires become less empathetic, more narcissistic, and increasingly disconnected from reality as their wealth grows.
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In his excellent book Your Money and Your Brain, Jason Zweig shows how powerful this can be. In a survey of 800 people with a net worth of at least $500,000, 19% said that having enough money was a constant worry. For those with a net worth of at least $10 million, 33% felt this way. "Somehow," Zweig writes, "as wealth grows, worry g
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Some Lessons From Andrew Mellon
- Operate from a position of strength. Following his father’s wisdom, Mellon always maintained excess reserves to move quickly and decisively. This allowed him to capitalize on opportunities others couldn’t pursue during the inevitable downturns.
- Keep your head, when others are losing theirs . During the 1929 crash—hi