Tag: government

“Other People’s Money” for Clunkers

By Thomas J. Stanley on Nov 10th, 2009 in Current Events

My friends in the trust and estate business refer to it as OPM, that is, Other People’s Money. How well do people spend other people’s money? The pat answer is “not as well as if they earned it themselves.” Thus, many of my friends believe that it is not a good idea for wealthy parents to […]

Cars and Homes as Costumes

By Thomas J. Stanley on Oct 29th, 2009 in Current Events

As long as we are headed towards a controlled economy, I would like to add my two cents worth and perhaps a bit of comic relief. We can encourage people to become more fiscally responsible! I suggest that we begin by altering the spending habits of the hyperconsuming/income statement affluent (IA) population. I mentioned on Twitter that […]