Lifestyles of the rich and wealthy

James Ryan Jonas

The richer you get, they say, the more money you have and the more expenses you make.

And yet, there are rich and wealthy Filipino families who seem to scrimp and save on every possible opportunity.

Or do they, really?

A few PMT members are saying that although these rich Filipinos appear to be scrimping, they, on the other hand, lavish on other extravagances, such as cars, jewelries, luxury vacations, and the like.

Do you agree? Or don't care at all?

Join the discussion in the Lifestyles of the Rich and Wealthy thread in the PMT Forum.

James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.