They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually
And when those 10% get invested you get good returns… then when you have a large pool of money you can join use the TBTF cheat squads to earn a very high return with minimal risk.
Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out.
They collect a tithe of 10% of members’ income from the entire congregation. Most people accumulate less than 10% of their income as net worth annually
So yes, quite possibly they do.
And when those 10% get invested you get good returns… then when you have a large pool of money you can join use the TBTF cheat squads to earn a very high return with minimal risk.
Plus, they have been around fore more than 190 years. With smart investments and only 5% growth per year, your wealth doubles over 15 years. They also own land, so with land value going up they made a lot of profit if they just rent it out.