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How to manage huge amount of money?

 
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I just curious to know how these superrich people manages their money?How they remember how much money they have in which bank account and in which place? How much money is white and how much is black? Ex. Bill Gate, How could he manage billions dollars?
[ January 30, 2004: Message edited by: himanshu patel ]
 
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They can either use the Complete Personal Money Management solution that I am about to develop, or employ some not-so-rich person or firm to look after it for them. Something tells me that they are not really into computers, and won�t be using my software - well, their loss!
 
himanshu patel
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If I hire someone to look after my money, then how can I hide my black money? If that person turns against you than? If he informs Income tax department than?
 
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Originally posted by himanshu patel:
I just curious to know how these superrich people manages their money?How they remember how much money they have in which bank account and in which place? How much money is white and how much is black? Ex. Bill Gate, How could he manage billions dollars?
[ January 30, 2004: Message edited by: himanshu patel ]


They employ people to look after it. Occassionally ( usually with financially naive people like pop stars ) these employees embezzle the money. I'm sure Bill Gates in not financially naive though.
 
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Some big international banks offer personal wealth management services.
 
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himanshu patel: If I hire someone to look after my money, then how can I hide my black money? If that person turns against you than? If he informs Income tax department than?


The economic / political philosophy behind the creation of America's institutions was that the government would respect people's rights -- including their right to property. Therefore, traditionally, rich people have not needed to hide money.
That's one reason foreigners from around the world invest here, even though logically speaking one should be able to make greater profits investing where capital is scarcer.
Of course, there's always the danger that leftists will change things, and to some extent they already have. In many places taxes have increased to the point that many small cash businesses have started evading taxes. Rich people who want to hide money have to do so in places like the Bahamas or Switzerland, and money-hiders in those countries depend upon their reputation for secrecy.
 
Ashok Mash
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Originally posted by himanshu patel:
..billions dollars?


So how much did you win, exactly?
 
himanshu patel
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Originally posted by Ashok Mash:

So how much did you win, exactly?


Planning to buy a lottery ticket.
 
himanshu patel
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Originally posted by Frank Silbermann:

The economic / political philosophy behind the creation of America's institutions was that the government would respect people's rights -- including their right to property. Therefore, traditionally, rich people have not needed to hide money.
Of course, there's always the danger that leftists will change things, and to some extent they already have. In many places taxes have increased to the point that many small cash businesses have started evading taxes. Rich people who want to hide money have to do so in places like the Bahamas or Switzerland, and money-hiders in those countries depend upon their reputation for secrecy.


In india, the tax rate is so high, that in order to make some saving,we have to hide some money.The situation for salaried person is worst.We can not hide money as employer has to submit all employee details with goverment. However, business people can do.If we pay tax as per goverment rule, at the end of year I will left with very little amount.
 
Ashok Mash
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Originally posted by himanshu patel:

In india, the tax rate is so high, that in order to make some saving,we have to hide some money.The situation for salaried person is worst.We can not hide money as employer has to submit all employee details with goverment. However, business people can do.If we pay tax as per goverment rule, at the end of year I will left with very little amount.


You think tax rates are high in India? I would say you are buying into the lies of greedy and dishonest businessmen and corrupt politicians in India. And yet, you wonder why India is still a poor country? :roll:
 
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The book 'Rich Dad,poor dad' is classic one which tells about this.It tells how to create big money and how to manage by reinvesting in other areas.
 
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Personal Accountants
 
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All of those who want to manage their huge amount of money, please giv it to me...i will take care of it!!!
 
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