• Are We Part of the 1%?

    When someone such as an athlete, CEO, or actor is making millions of dollars per year, it is often easy for us to think of what we would do if we had that much money. We often feel that spending money on private jets, expensive yachts, or multiple homes throughout the country is wasteful and even a bit foolish. We also feel that there are better ways for the extravagantly rich to spend their money. Of course, we are completely right. Instead of buying a yacht, an athlete could set up football camps for youth in poorer neighborhoods. A CEO could avoid buying a private jet and instead invest the…