Ditch Your Old ClothesAmericans own more clothes than they ever have before and are always looking for something new. Vintage clothing is extremely popular and can go for a lot of money.Retirees should consider selling all the clothes they don’t wear anymore to consignment stores or on the numerous online shopping websites.

They give a whole new meaning to a “starter house”When someone’s kids go off to college, it’s not unusual for their parents to start experiencing pressure to help pay for their dorms or help with the rent after their friends pitch in for an off-campus house rental. However, the ultra-rich tend to do things a…

David Geffen: The Rising Sun ($590 Million)According to Business Insider, billionaire music mogul David Geffen bought the 400-foot yacht The Rising Sun from Oracle founder Larry Ellison. Specifically, he bought a half-share of it in 2007 and completed his purchase in 2010. He is reported to have paid about $590 million for the vessel.However, it…