Tag: other people’s money

“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 […]