Compare old and new money What are the general differences between old money and new money?...

Compare old and new money What are the general differences between old money and new money? What are the lifestyle differences between old money and new money? How can generational wealth transform a person’s way of life? How can wealth gained from personal achievement change a person’s outlook about money?

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Expert Solution

The comparison between the old and new money is not connected with the currency at all. This term is derived to define individual persons in different classes, about how they earn, how they spend, and the general difference between their life styles. There are number of factors that differentiate the individuals from each social groups . 1 Women wear old style dresses and men wear old suits and tie to any occasion when it comes to old money. But when it comes to new money people are usually trying to cope up with the new trends. 2 The families who are wealthy from generations and passes the fortune, referred to as old money. But with new money individual persons are willingwto spend their money on all the latest trends. When a person earns money from himself then his outlook about money gets fully changed as the money he/she has earned is earned from his hardwork and he knows the value of that money and when will spend it by thinking of hundred times and will not spend it anywhere.

keosha answered 1 year ago

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