Some people work hard all their lives, save money, try to save, but the result is zero. Money flows like water, and doesn’t want to multiply, but, on the contrary, disappear irrevocably, so it can sometimes be difficult to keep from paycheck to paycheck. And to avoid this, you just need to focus on the experience of rich people. So you can avoid the mistakes that are often made by those who live on the verge of poverty.
Mindless spending
The rich will never buy what they don’t need. They can afford anything, but they will not do it. After all, as one of the prominent investors of our time, Warren Buffett said: "If you buy unnecessary things, then sooner or later you will have to sell what you will need." So if you want your money not to be transferred, you always need to carefully plan all your expenses.
Inheritance for children
Poor parents always try to think about their children and try to earn a lot of money for them so that they do not need in the future and their life is much easier and simpler. That's just wrong. If you protect children from life and do not teach them how to value money, then it will be very difficult for them in the future. It is better to take an example from Bill Gates, who taught his children independence and responsibility, without giving them large sums, so they had to save a lot in order to afford what they wanted.
Luxuries
Poor people are sure that rich people dress only in branded clothes and live in expensive mansions. But this is not so: people who have money do not invest it in luxury goods, but in their health and education. So, Ingvar Kamprad, the owner of the consumer empire of IKEA, often appears in casual clothes to serve as an example for workers and children; Bill Gates wore a Casio watch for several decades; Warren Buffett lives in a house worth about $ 30,000, bought in 1958.
A lot of credit cards
Some people are extremely proud that opening a wallet can show people a huge amount of credit cards. But this is not at all a reason for pride. The more credit cards a person has, the easier it will be to waste money without thinking about the fact that you will have to pay off the debt. Therefore, 77% of poor people have 10 or more credit cards, and only 8% of rich people have more than one credit card on hand.
Postpone billing
Some people suffering from a lack of money try to spend their money on everyday necessities, vacation and luxury goods, while not paying current bills on credit cards and communal services. But you can’t do this. You should always pay your bills on time, because, as David Black, who wrote a book about smart women, says: “Fines for late payment of bills can cost a fortune.”
Buying Cheap, Short-lived Things
Poor people often buy cheap things, succumbing to influence. But the rich will never do this, because such items have no long-term value, because of which in the future they will have to buy them again, and then again and again. It is better to take an example from the Germans, who buy expensive pans, like crazy. After all, so they get them once, but for life, which is much better than buying cheap pans every year.
Value material more spiritual
People who don’t have much money value things more than feelings or emotions. They try to surround themselves with something that they can touch - with jewelry, shoes, clothes, food, appliances, forgetting that something else is much more important.Spiritual values are abstract, but it is they that allow you to feel happiness, so you should learn to enjoy it from them - from music, contemplation of the beauties of nature, communication with relatives and friends ...
Pension
Some people think that it’s better to work hard in youth, then retire and lie on the couch, spitting on the ceiling and resting from the works of the righteous. But this is completely wrong. According to a 2010 Barclay Wealth study, about 54% of millionaires plan to work even after they reach retirement age, and 60% of people with net assets of $ 15 million or more already work, despite their age. Although, of course, this does not mean that you do not need to save savings!
Gambling
Have you ever seen a billionaire say that he believes in luck and gambling? Surely not!
Of course, sometimes you can buy a couple of lottery tickets for entertainment, but constantly gambling to get rich is not recommended. At the age of 88, super-billionaire Warren Buffett still strongly condemns gambling and even installed a slot machine in his house to tell his children about the dangers of casual games.
