A minimal portion of the net worth of extremely wealthy individuals is spent on luxury items like yachts, bags, and cars. Most of their wealth is typically allocated towards savings or investments, which eventually leads to employment for many of the people in this forum.
> The handicap principle is a hypothesis proposed by the biologist Amotz Zahavi to explain how evolution may lead to "honest" or reliable signalling between animals which have an obvious motivation to bluff or deceive each other. It suggests that costly signals must be reliable signals, costing the signaller something that could not be afforded by an individual with less of a particular trait
If you have kids, you can put it in Utah's 529, and save on taxes when you need it for college.
> The Fund employs an indexing investment approach designed to track the performance of the S&P 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies.
https://chatgpt.com/g/g-Y4dDzwpLF-grogggpt