Tuesday, May 11, 2010

Old Money vs. New Money







In early 20th Century society, old money was viewed as being so much better than new money. Old money in America wasn’t very old, it was simply that the behavior of some people who earned wealth very quickly offended others. While old money rusts away in trusts secluded within large banking institutions, new money provides the fuel for the engine of independent financial advice. One trend this research notes is a demand among new-money clients for what were traditionally old-money services. These services include investment management, tax compliance, financial planning, family business consulting, philanthropy con-sulting, trust services and concierge services. While the demand for expanding services is indisputable, the ability to provide this plethora under one roof is still in beta testing.

The marriage of old-money services to new-money clients may or may not prove to be a match made in heaven. New-money clients may not even be interested in old-money services. Be sure you know your clients because new-money clients won’t be interested or willing to turn their checkbooks over to you.

In Gatsby, the People from West Egg are the people who belong in the category of New Money. The people from East Egg are in the category of Old Wealth. The Old Wealth people are normally very arrogant and lazy people who had life just handed to them on a silver platter. The people who are in the category of New Money are the hard-working peple that have to work for a living. These people don't have such an easy life like the Old Money.

The only real difference between the Old Money and the New Money is the way of life they have to live. The Old Money are very layed back people who have had life just handed to them and The New Money are the people who have to work for their money. In my opinion, the New Money people will prosper instead of the Old Money people.

1 comment:

  1. You need to have some sources for information. Your post is good, but you need to start working on your background and extras. 75/75

    Ms. Donahue

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