According to Wall Street Journal Robert Frank’s blog, the Wealth Report, the rich are in for a good summer. In a study that was done of 198 people who had a net worth of over 10 million, it was reported that they are going to spend more this summer - 56% more than they did in 2005. What’s on the top of their list? Yacht charters with $384,000 planned. Next, while they are out enjoying the “good life” they will be redecorating: adding a lap pool, home theater, or maybe updating the guest house. Regular readers here will be happy to know that they are going to give more too. Nearly all of the respondents (98%) in the study for Elite Traveler magazine plan to give to charity averaging $82,000. That’s after spending $56,000 on entertaining and $24,000 for wine for entertainment. Bless their filthy rich hearts to ante up almost 1% of their net worth to those in need.

How are you going to spend your summer?

Tim Richardson is an inspirational speaker who speaks
about how giving increases employee morale, lowers employee turnover,
increases customer loyalty and creates higher profits for Fortune 500 companies. He also is a leadership speaker, customer service trainer and sales motivator. For more information go to www.TimRichardson.com