Prioritizing Expenditures

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Film actor George Raft, who was noted for portraying sinister gangsters during the 1930’s through the 1950’s, and was notorious for his gangland associations in real life, acquired and disposed of over ten million dollars in the course of his career.

Once chided by a friend for his extravagant spending habits, he was asked what he did with his money. “Part of the loot went for gambling,” he explained. “Part went for horses, and part for women. The rest I spent foolishly.”

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