Frugal Tips For The Extremely Wealthy
I’ve had a lot of money in my life. But when it comes to being frugal, I’m one of the poorer members of my family. My father and uncle have spent their lives incredibly wealthy and never once considered saving money as anything special or interesting. They’re always buying expensive things, sending extravagant gifts to people who don’t appreciate them, etc. As a result, they have very little left over for themselves (or their children). Luckily for me though, there are ways that you can be frugal even if your income is high enough for you not to worry about saving any money at all! Here is our Frugal Tips For The Extremely Wealthy:
Don’t splurge on expensive things.
One of the most important things to remember when you’re on a tight budget is that it’s not about spending less on things. It’s about spending more on experiences, people and things that last.
When you’re rich, you have so many options for what to spend your money on. Things like fancy cars or trips overseas are just some of them. The trick is figuring out which ones will make your life better in the long run (and not just make you feel better in the short-term), while avoiding unnecessary purchases that could be replaced with cheaper alternatives later down the road if necessary.
The best way I’ve found for doing this is by making lists of all my needs and wants every month before any new payments come due. So I can compare what I want against how much money I actually have available at any given time. Then once those bills arrive (or if there’s been an unexpected expense), I’ll go back through my list again looking for anything else missing from my monthly budget despite having plenty left over after meeting all existing obligations first thing each month.”
Don’t give extravagant gifts to people who don’t appreciate them
- Don’t give extravagant gifts to people who don’t appreciate them.
- Buy the cheapest ticket on the train, bus or plane.
- Use public transportation whenever possible (unless it’s an emergency).
If you’re rich, you can save a lot of money by not being wasteful.
The best way to save money is by not being wasteful. If you’re wealthy, it’s important to understand that there are certain things in life that can be expensive and frivolous.
- Gifts: Don’t buy expensive gifts for people because they will come back around as soon as the next year or so (if not sooner). This includes flowers, jewelry or even clothing—anything that has a long lifespan will only appreciate in value over time.
- Expensive things: If you don’t need something expensive right away but think it might be useful later on down the road then buy it now instead of waiting until later when prices go up again due to inflation (which happens every few years). For example if I purchase something like an iPad today instead of waiting until next year then I’ll get more bang for my buck since both my purchasing power and price level will increase whereas if I wait until next year then there won’t be any increase in either one due simply because prices haven’t risen yet!
In conclusion, it’s important to remember that being wealthy is not an excuse to be wasteful. There are plenty of ways you can keep your finances in check and still enjoy the finer things in life. By following these tips, you may even be able to save enough money so that someday eventually all of us poor folks could just buy ourselves a nice car! Now if only I could figure out how to get rid of my debts…
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