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	<title>Checkbook News &#187; Donald Trump</title>
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		<title>How much does net worth matter?</title>
		<link>http://www.checkbooknews.com/2011/04/18/how-much-does-net-worth-matter/</link>
		<comments>http://www.checkbooknews.com/2011/04/18/how-much-does-net-worth-matter/#comments</comments>
		<pubDate>Mon, 18 Apr 2011 13:37:23 +0000</pubDate>
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				<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[businessmen]]></category>
		<category><![CDATA[developers]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[financial success]]></category>
		<category><![CDATA[Mitt Romney]]></category>
		<category><![CDATA[movers and shakers]]></category>
		<category><![CDATA[net worth]]></category>
		<category><![CDATA[rich people]]></category>

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		<description><![CDATA[Donald Trump speaks to the press during an announcement that Trump is investing in the development of luxury properties in the country of Georgia at a press conference in New York March 10, 2011. REUTERS/Lucas Jackson (UNITED STATES &#8211; Tags: POLITICS BUSINESS) For shallow fools like Donald Trump, net worth means everything. Yesterday he was [...]]]></description>
				<content:encoded><![CDATA[<div style="display:none">Donald Trump speaks to the press during an announcement that Trump is investing in the development of luxury properties in the country of Georgia at a press conference in New York March 10, 2011.   REUTERS/Lucas Jackson (UNITED STATES &#8211; Tags: POLITICS BUSINESS)</div>
<div style="float: center; margin: 5px 5px 5px 5px;">  <script type="text/javascript" src="http://fotoglif.com/embed/Embed.js?imagehash=iqvmt7kjyou0&#038;pubhash=3vv4ph6bqge8&#038;creator=LUCAS JACKSON%2FReuters%2FFotoglif&#038;width=468"></script>  </div>
<p>For shallow fools like Donald Trump, net worth means everything. Yesterday he was <a href="http://politicalticker.blogs.cnn.com/2011/04/17/trump-i%E2%80%99m-%E2%80%98much-bigger%E2%80%99-than-romney/" target="_blank">bragging</a> that he was worth more than Mitt Romney, as if that mattered when judging someone as a businessman, let alone a President or a person.</p>
<p>Net worth does not equal happiness, and it doesn&#8217;t always reflect ability. Of course we want to increase our net worth, as it helps to make your life less risky and more comfortable. But don&#8217;t fool yourself into thinking that net worth means everything. If you do that, you&#8217;ll neglect things like family and relationships.</p>
<p>Also, as we&#8217;ve seen over the past decade, net worth can be the result of many things, including luck and sometimes fraud.</p>
<p>Donald Trump has been a very successful real estate developer and self-promoter. He deserves credit for that. But he also started with significant resources from his father, and he happened to make a bet on New York City at the right time. That said, his business ventures outside of real estate have not fared very well (other than his turn as a reality TV star, and we&#8217;ve seen from the likes of Snookie that you don&#8217;t need much in the way of talent in that arena).</p>
<p>Mitt Romney was a very successful business consultant. He was successful in a range of businesses, so Trump&#8217;s net worth crack is just silly and demonstrates how shallow some rich people can be. </p>
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