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13 Things Rich People Never Waste Their Money On richest.com.ng » Super Wordpress

TV channels and video games

A 4 years old child watching tv laying down on the sofa at home aloneLOPOLO/SHUTTERSTOCK

Rich people didn’t amass their fortune sitting around staring at a screen all day. That’s why they don’t waste money on jumbo TV packages or the latest video games. According to 2015 data from Nielsen, adults in households with annual incomes below $25,000 spent considerably more time consuming media (through TV, video games, or radio), compared to adults in households with annual incomes over $75,000. “We expected high-income households to own more devices, but we did not anticipate that low-income consumers of all devices had greater usage,” says Glenn Enoch, Nielson’s SVP of Audience Insights. Thomas Corley, the author of Rich Habits: The Daily Success Habits Of Wealthy Individuals found that 67 percent of “rich” people say that they don’t watch TV. To get more money in the bank, follow these 17 habits of people who are great at saving money.

Luxury brands

A big assortment colorful clothes for women on a shop background. Various fashionable color shirts and dresses in a expensive boutique. Luxury and stylish garment on hangers. Fashion concept.ALFA PHOTOSTUDIO/SHUTTERSTOCK

Millionaires can afford the latest fashions from the top designers, but that doesn’t mean they’re spending their hard-earned money on high-end apparel. In fact, the founder of IKEA, Ingvar Kamprad, told Newsweek that he doesn’t wear anything that is not from a flea market to “set a good example,” and Bill Gates told Time[1] that he still wears a $10 watch despite being able to afford a closet full of Rolexes. These are the money tricks that can save you $1,000 a month[2].

An over-priced home

Front of a modern home with wooden yard. The roof is held by strong beams with brick and stone pillar. The house has at least four windows in the view. Walls are a gray color. shadows can be seenJR-STOCK/SHUTTERSTOCK

Although their home-buying budget is considerably higher, rich people still look for deals. They want to feel like they’re getting the most value for their dollar and not like they’re getting ripped off. Yes, they might be spending millions, but they’re going to try to bargain with the list price like anyone else. Some wealthy individuals even go so far as not to purchase an extravagant home at all. According to U.S. News and World Report, Warren Buffett may be the third-richest man in the world, but he still lives in the home he bought in 1958 for $31,500.

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