7 Billionaire Spending Habits help build Wealth
Fortune magazine published the results of a study showing that up to 54% of billionaires want to continue working at retirement age, and 60% of those with a net worth of more than $15 million don't even have a retire plan.
Fortune magazine published the results of a study showing that up to 54% of billionaires want to continue working at retirement age, and 60% of those with a net worth of more than $15 million don't even have a retire plan.
Rich people always have a sense of the greatest value that each dollar gives them, so they do not want to buy luxury homes that exceed market prices.
Most of the study participants all do business, because they love their work so much that they do not want to live an idle life.
1- Don’t buy too expensive housing
Rich people always have a sense of the greatest value that each dollar gives them, so they do not want to buy luxury homes that exceed market prices. Billionaire Warren Buffett, although very rich, still likes to live in the house bought in 1958 priced $31,500.
2- Don't buy short-term value things
For the rich, products of poor quality and short-term use are not prioritized because they highly appreciate the product's value.
3- Don't use multiple credit cards
According to the book "Successful Habits of the Rich" by author Thomas Corley, only about 8% of wealthy people use more than one credit card. Meanwhile, people with multiple credit cards sometimes generate unnecessary spending.
4- Don't buy coffee outside
Making coffee at home saves a lot of money.
5- Do not spend money on entertainment services
It is revealed that the rich know how to use their time effectively to do productive things.
In his book "Successful Habits of Rich People", author Thomas Corley said that they don't watch much TV but instead they read a lot of books. Hong Kong's richest billionaire Ly Gia Thanh once commented that only money invested in the mind is worth spending.
6- Not Retired
Fortune magazine published the results of a study showing that up to 54% of billionaires want to continue working at retirement age, and 60% of those with a net worth of more than $15 million don't even have a retire plan.
7- Don’t leave assets to children
Microsoft founder Bill Gates once surprised the public when he announced that he would not leave assets to his children after his death, instead he would donate most of his fortune to charity.
Part of the reason, he wants his children to self-do and succeed in their own way, not relying on the wealth of their parents. Hong Kong businessman Brian Cha shared the same opinion, saying: "Hopefully my children will develop well and live with the money they earn with their own hands".
7 Billionaire Spending Habits help build Wealth
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