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The rich get richer...

August 29th, 2007 at 11:36 am

Well it is so true.

A good article which illustrates how if you get a little ahead of the game everything is cheaper/easier from there.

I guess I am enjoying this guy's articles too. I just get a bunch of relevant articles e-mailed to me every day from my CPA society but he had an interesting article a week or 2 ago. (I think I used to ignore these because I do not have a wsj subscription but I guess a lot of the time they are public artciles - so I should always check).

The Small Ways Wealth Begets Wealth
http://online.wsj.com/article/SB118833722444811379.html

6 Responses to “The rich get richer...”

  1. maismom Says:

    Good article. Thanks!

  2. Broken Arrow Says:

    I heard a faint rumor that the WSJ was going to remove their blasted subscription system. I guess they have. Thank goodness for that too.

    As for the rich getting richer. Oh yeah. What's more disturbing to me is the apparent thinning out of the middle class, while the disparity between the rich and the poor widens ever more. At least the "smart rich people" (a la Gates and Buffet) recognize the severity of this issue.

  3. Ima saver Says:

    I enjoyed the article. A lot of it made sense to me since I have never payed PMI, atm fees, interest on charge accounts and I get lower expenses at Vanguard because of the length of time I have been with them.

  4. disneysteve Says:

    All makes sense to me too. Actually, just last week I got a packet from Vanguard telling me about their Voyager services for account holders with over 100K. That includes reduced account fees, lower brokerage commissions, etc. But that all makes sense because it costs them more to maintain small accounts. They earn more from big accounts and they pass the savings on to the investor.

  5. JCARD Says:

    I think broken arrow missed the point of the article. I would be surprised if he even read it.

    Very good, glad I stumbled upon your blog.

  6. Broken Arrow Says:

    Why do people have to naturally assume that if you have a similar remark that may or may not be directly related to the original topic or article, surely that must mean:

    1. Someone has missed the point.
    2. They didn't read the article.

    I read it, before I made my first comment. No need to call me out. I'm rather offended, and this all is the time and energy I'm going to waste on this.

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