Smart Money Happy Hour with Rachel Cruze and George Kamel cover image

Old Money vs. New Money: Which Aesthetic Wins With Wealth?

Smart Money Happy Hour with Rachel Cruze and George Kamel

00:00

The Effect of Debt on Spending Habits

New money is all about dressing well and being very showy with your wealth. More than 75% of millionaires we surveyed spend less than $150 per month on clothing. So the people that you see driving the nice cars, they may be secretly drowning in debt.

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