Friday, September 12, 2008

In Tough Times, Even the Billionaires Worry

From the New York Times:
DO you have millions of dollars in the bank and still worry about filling up your gas tank? Do you fear that the housing slowdown may mean your sprawling beachfront property will face the auction block?

As the economy has soured, Lee Hausner, a psychologist at IFF Advisors Inc., in Irvine, Calif., who works primarily with wealthy families, has noticed rising anxieties about spending.

She has a test for such clients: she asks them to calculate their monthly expenses — from Botox shots to country club fees...MORE