14 Things Rich People Do That POOR PEOPLE DON'T!
Published on Mar 23, 2018
Rich people habits that the poor don’t do! Mindsets and characteristics of millionaires and the wealthy who do things differently than poor people
14. They don't save; they invest- Here’s a statement that is way too true. I'm sure you've never heard about a millionaire becoming wealthy by investing in a savings account right? They invest in companies, and stocks to make more money off the money they already to have and that’s how their wealth continues to grow, and they keep making more, instead of keeping money in a savings account not doing anything productive with it.
13. Buy it for life- Most of the world have a false idea about the economy and have this idea stuck in their heads that buying cheap is always best. But in reality, it’s better to buy a pair of shoes that cost $100 that will last five years, instead of a pair of shoes that cost $20 but will only last one year and require you to make five trips to the store to buy new ones. Buying things for life is a trend for some but a lifestyle for the rich. Wealthy people will spend more time investing in purchases before they make them, to make sure they're buying something that will last as long as possible and get the most value out of it. For example, this is why a rich man will buy a $1,000 suit even though the price might shock most of us, in the long term a suit that costs that much will last for decades. And if you know how to repair your own clothes it could last a lifetime. So in some cases buying more expenses things at a higher quality can be a smarter move in the long run.
12. Wait for good deals- There have been many studies about people who were offered $5 now, or $10 in two months and almost everyone chose to take the $5 now. People seem to have something slightly wrong in our brains because it's clear that $10 would be the smartest choice but most people’s immediate need for money makes them chose otherwise. Rich people don't seem to have this problem. Wealthy people will wait months or longer to get the best value they can for something and don't rush into get rich quick schemes.