If you aspire to achieve wealth, you should consider the advice provided by financial and business experts in “Reader’s Digest” magazine, as you are required to avoid spending your money on certain things.
- Declaration of Inheritance Waiver:
Within this declaration, it becomes evident that billionaires Bill Gates and Mark Zuckerberg, as per a report by CNBC, are seeking to motivate their children to build their own futures rather than relying on inheritance.
- watching TV:
Television is a common form of entertainment, but there are many wealthy individuals who completely avoid watching it, allowing them the opportunity to avoid spending money on platforms for watching artistic works or games. According to statistics presented in the book ‘Rich Habits: Daily Success Habits of Wealthy Individuals,’ the percentage of wealthy individuals who do not watch television at all is 67%.
- Luxury brands:
Despite possessing millions of dollars, the wealthy do not allocate their funds to purchase luxury clothing and accessories. In this context, the founder of “IKEA,” Ingvar Kamprad, indicated a preference for exclusively wearing second-hand clothes, as reported by “Newsweek” magazine.
- Rent instead of owning:
As mentioned on “Extra’s Mansions and Millionaires” program, it appears that the wealthy individuals do not place a significant emphasis on owning homes; instead, they tend to prefer renting them in order to avoid the hassles associated with the purchasing process.
- Shaving for free:
In addition, the wealthy do not need to visit luxury hair salons or spas for grooming. For example, billionaire businessman John Cudwell personally styles his own hair, as revealed in an interview with the American magazine “Time.”
- credit cards:
Only about 8% of the wealthy rely on more than one credit card to cover their administrative expenses, according to a report by U.S. News & World Report.
- used phones:
Furthermore, most affluent individuals prefer acquiring used or refurbished devices. For example, millionaires tend to opt for older versions of iPhones rather than the latest ones, as reported by the British magazine “The Week.”