Wednesday, June 17, 2009

What Are Your Thoughts On........

.....this quote heard on a radio station:
"Poor people spend money, middle-class save money, and rich people invest money".

I'll save my comments until you all have posted yours.

3 comments:

My Life as a MOM... said...

I have heard this before. I have mixed feelings about it b/c I feel it is only 1/2 true. Most poor people do not always spend money on what is best for them and I think that's because of how they are raised but I know some poor people that are trying to break that cycle to become rich, some poor people are poor because they had no choice due to job loss, health going bad and many other reasons. Rich people (if you ask anyone rich) will tell you that they have money because of investments from real estate to stocks. Now the middle class saving money is not 100% true, as I know lots of people in this category that are actually poor because they have everything on credit...that's only short term saving b/c interest eats that money in the long run. I really want to hear your opinion.

Jenny said...

I think it's true for some people. I agree with My Life as a Mom.

Love Abounds At Home said...

Such a good post and it's really got me pondering.....I think My Life as a Mom explained it well.