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New Money vs. Old Money
The key difference between old money and new money is how a person obtained their wealth. Old money represents what may be called generational wealth — money that has been passed on from generation to generation in the form of cash, investments, and property. New money refers to self-made millionaires and billionaires, those who earned … read more
Why Everyone Is Talking About Wasenhaus
In the world of wine, certain names emerge seemingly overnight, capturing the attention of collectors, sommeliers, and enthusiasts alike. Wasenhaus is one of those names. Founded by Christoph Wolber and Alexander Götze, two German winemakers with deep experience in Burgundy, this winery is redefining what’s possible in German Pinot Noir and Chardonnay. Wasenhaus isn’t just another up-and-coming winery—it’s a … read more
Luxury goods
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is … read more