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08-10-2016, 12:04 PM | #3971 (permalink) |
Jacob Sartorius
Join Date: May 2016
Location: Dank memes
Posts: 4,033
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Why Rich Families Lose Their Wealth
Most families squander and destroy their wealth after three to four generations. |
08-10-2016, 12:09 PM | #3972 (permalink) |
SOPHIE FOREVER
Join Date: Aug 2011
Location: East of the Southern North American West
Posts: 35,541
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I hate when articles cite statistics without any kind of source.
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Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. |
08-10-2016, 12:19 PM | #3974 (permalink) |
SOPHIE FOREVER
Join Date: Aug 2011
Location: East of the Southern North American West
Posts: 35,541
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I just did, very difficult to find the source of that information. All I can find is some doctorate research that interviewed accountants and lawyers for rich people. It'd be cool if there were some hard numbers on this because at this point in my lazy search (looking at all the results for "why wealthy families lose their money" and "why families lose their money research"), it all sounds like conjecture and theorizing.
I'm a pretty big stickler about research methods.
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Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. |
08-10-2016, 12:24 PM | #3975 (permalink) |
Jacob Sartorius
Join Date: May 2016
Location: Dank memes
Posts: 4,033
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70% of Rich Families Lose Their Wealth by the Second Generation
And I can say from experience it's true. My great grandfather had built the company Gordmans. I haven't seen any of the money from it. |
08-10-2016, 12:26 PM | #3976 (permalink) |
SOPHIE FOREVER
Join Date: Aug 2011
Location: East of the Southern North American West
Posts: 35,541
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I agree that it happens for sure, I'm just uncertain about the scale of it. I want the statistics themselves, not statistics about the statistics.
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Studies show that when a given norm is changed in the face of the unchanging, the remaining contradictions will parallel the truth. |
08-10-2016, 06:12 PM | #3977 (permalink) | |
A.B.N.
Join Date: Aug 2006
Location: NY baby
Posts: 11,451
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Pay me what you owe me Fluffy!
I'm coming for it whether you like it or not.
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Fame, fortune, power, titties. People say these are the most crucial things in life, but you can have a pocket full o' gold and it doesn't mean sh*t if you don't have someone to share that gold with. Seems simple. Yet it's an important lesson to learn. Even lone wolves run in packs sometimes. Quote:
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08-10-2016, 07:01 PM | #3978 (permalink) | |
Zum Henker Defätist!!
Join Date: Jan 2011
Location: Beating GNR at DDR and keying Axl's new car
Posts: 48,199
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Well my family's Irish and weren't even here at the time so I don't owe you ****. You probably have more slaveowner blood in you than I do.
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08-10-2016, 07:11 PM | #3979 (permalink) | ||
A.B.N.
Join Date: Aug 2006
Location: NY baby
Posts: 11,451
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Also like I said earlier it would only pertain to slave owner descendants not you and your immigrant ancestors. I might have slave owner blood in me but I have no clue. I'm curious to do a DNA kit to see every thing that's in my blood. I'm pretty sure I'm Portuguese.
__________________
Fame, fortune, power, titties. People say these are the most crucial things in life, but you can have a pocket full o' gold and it doesn't mean sh*t if you don't have someone to share that gold with. Seems simple. Yet it's an important lesson to learn. Even lone wolves run in packs sometimes. Quote:
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08-10-2016, 07:54 PM | #3980 (permalink) | ||
Zum Henker Defätist!!
Join Date: Jan 2011
Location: Beating GNR at DDR and keying Axl's new car
Posts: 48,199
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