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Re:Why do 70% of families lose their wealth in the 2nd gener... by sidlls on Saturday January 08, 2022 @11:16AM (#29853043)
I guarantee you that almost nobody with a net worth of $11MM lives on the income produced from 10% of it and lets the rest sit as if it doesn't exist. They can--and do--live on much more than that (at least $300k/year, for ultraconservative draw on the capital) and still watch it grow substantially.

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