Fuddyduddy1952
Elite Member
- Joined
- Aug 10, 2022
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- john deere
A person's net worth are simply assets vs liabilities. My thought is, and I've seen it happen, a business expands going into debt with the hope of future earnings. Lots of famous people, actors for example, because of who they are extended credit.I think I understand what you're trying to get across. Your statement about most can't handle money has a condition that determines if they can handle money. Folks who earned the money through their hard work and ingenuity know nearly always know how to "handle" manage their gain!
Those who didn't earn it are clueless about using it as a resource and tend to "pee it in the wind".
Your comment about million and billionaires having to liquidate and discover they have little doesn't make sense. The only criteria to being one of those people is the tally of their net worth. So if their net worth is not in the range you mention they're not million or billionaires.
The TV show American Greed had many examples of that.