Where do people with a really high net worth really store their money? I can’t imagine that they just store it on credit cards or in a bank.
In: Economics
Rich people usually have their money invested in various assets – stock market, real estate, mutual funds, and such. Only a small portion of their money is readily accessible. If they want to make a big purchase, they would need to sell a (small) portion of their assets to cover the cost.
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