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Monday, June 27, 2011

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Bernie Madoff lived our prime life for decades, scamming unsuspecting clients, with a money-making formula that proved too good to be real. Only afterward did we learn by using a little research, most clients might have easily uncovered the fraud.But it is not just the swindlers and the con men you need to watch out for. Many times, friends and family take advantage of the rich. Whether it's a handout or perhaps an investment idea, Butowsky advises his high net worth clients that in most cases, it's wisest to just say "no." The easiest method to do that: have somebody else do it for you.replica ray ban sunglasses .You have to really setup a wall between your family," he advises. "If you won't want to provide them with (family or friends) money ... saying no thanks is most likely a good idea. Find bargain ray ban replica sunglasses .
The rich are able to afford to splurge, but i am not saying they do.

John Paulson, a billionaire hedge fund manager, bought his Hamptons "dream house in a cheaper price," according to Greg Zuckerman, author from the Paulson-based book, "The Greatest Trade Ever." The story has it that Paulson eyed the house while it was in foreclosure. Finally, on the rain-soaked day, he purchased the home about the Southampton town hall steps. He was the only real bidder.

On New York City's Upper East Side, Michael's?a The Consignment Shop for Women?a has been a bargain-hunting destination for a lot more than 60 years. "We have a good percentage of women who can afford to shop on Madison Avenue but really like the thought of saving those funds," says proprietor Tammy Gates.fake ray bans .

From Chanel to Gucci and Lv, the store focuses on high-end designer merchandise for any reasonable price. Speaking of her clientele, Gates says, "they're wealthy for any reason. They notice that bargains keep people wealthy. Paying top dollar whenever you don't have to doesn't seem sensible."Being wealthy isn't just an item of your salary or investment prowess; it's finding out how to save.
We can produce a fortune, you can make some money, however the second you spend the money happens when people enter trouble. Saving is paramount to preserving your wealth," says Ed Butowsky, managing partner of Chapwood Capital Investment Management, a company that manages money for wealthy individuals.As many Americans realized throughout the booming housing market, simply because you think you can afford something doesn't mean you should purchase it. Keeping track of your main point here can pay dividends over the long term.replica oakleys .

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