Typically when you have people with sudden wealth, they need a long-term plan to protect it from themselves. There's this initial pent-up desire to spend. Cars, houses, and gifts of money for so-and-so. Everyone is going to be your friend. -Mark Groesbeck

 

Typically when you have people with sudden wealth, they need a long-term plan to protect it from themselves. There's this initial pent-up desire to spend. Cars, houses, and gifts of money for so-and-so. Everyone is going to be your friend.


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This quote is just one of 9 total Mark Groesbeck quotes in our collection. Mark Groesbeck is known for saying 'Typically when you have people with sudden wealth, they need a long-term plan to protect it from themselves. There's this initial pent-up desire to spend. Cars, houses, and gifts of money for so-and-so. Everyone is going to be your friend.' as well as some of the following quotes.

Typically when you have people with sudden wealth, they need a long-term plan to protect it from themselves. There's this initial pent-up desire to spend. Cars, houses, and gifts of money for so-and-so. Everyone is going to be your friend.

Mark Groesbeck

There are seminars that can help couples figure out what type of 'spending' personalities they are. What it boils down to are lifestyle issues.

Mark Groesbeck

It's been a wild ride, but we're back where we started four years ago.

Mark Groesbeck

We're focusing on preservation of capital. I'm telling them to be happy with modest returns.

Mark Groesbeck

I would typically say you could add 15 percent international, put 30 percent in small cap companies and 55 percent in large domestic growth names.

Mark Groesbeck