SUBSCRIBE FOR WEEKLY LESSONS ► https://www.youtube.com/channel/UC0n7VW-Nfwb8tJkMePslIuA?sub_confirmation=1 GET A FREE STOCK WORTH UP TO $1,000 BY JOINING THE ROBINHOOD APP ► http://bit.ly/Freestocks4dmboxLEARN THE 4 SIMPLE STEPS TO MAKE MONEY ONLINE USING JUST A PHONE | COMPUTER AND A POWERPOINT ►http://bit.ly/4StepsToMakeMoneyOnlineTHE Website: http://4dmbox.com In this episode you will learn some ways rich people are cheap so that you can implement some of these life hacks to improve your life and also get more rich.How to get rich by being cheapWealthy people can buy anything and everything they want, right? While that might be true, it doesn’t mean the rich are out there dropping bills left and right. In fact, they can be quite frugalImpulse BuysSure, it might be enticing to snag the cashmere sweater in the store window or the newest car on the lot. But making a purchase on a whim is something you will never see a wealthy person do. “If you buy things you do not need,” billionaire investor Warren Buffet told Forbes, “soon you will have to sell things you need.” It doesn’t mean millionaires don’t buy lavish items, they just put thought into them and their bottom line before swiping their credit card.2. Extreme InheritancesIt’s fantasy to think we can all leave a mountain of money to our children and grandchildren, so they don’t have to budget as we did. But large inheritances are something rich people don’t use their money for. Why? Well, Bill Gatesand Mark Zuckerberg both said they want their children to find their way rather than relying on a handout, according to CNBC. Instead, both billionaires are giving significant portions of their fortunes to charity to help those who need it most.3. TV Channels and Video GamesRich people didn’t amass their fortune sitting around staring at a screen all day. That’s why they don’t waste money on jumbo TV packages or the latest video games. “We expected high-income households to own more devices, but we did not anticipate that low-income consumers of all devices had greater usage,” says Glenn Enoch, Nielson’s SVP of Audience Insights.4. Luxury BrandsMillionaires can afford the latest fashions from the top designers, but that doesn’t mean they’re spending their hard-earned money on high-end apparel. In fact, the founder of IKEA, Ingvar Kamprad, told Newsweek that he doesn’t wear anything that is not from a flea market to “set a good example,” and Bill Gates told Time that he still wears a $10 watch despite being able to afford a closet full of Rolexes.5. An Over-Priced HomeAlthough their home-buying budget is considerably higher, rich people still look for deals. According to U.S. News and World Report, Warren Buffett still lives in the home he bought in 1958 for $31,500.6. Buying Instead of RentingSome rich folks are going so far as to not even deal with the hassle of buying a home. Many are opting to rent, according to Extra’s Mansions and Millionaires host Michael Corbett. 7. Pricey GroomingEveryone needs a trim once in a while, but some famous rich people don’t think it warrants whipping out the wallet. 8. Multiple Credit CardsIt’s understandable that a wealthy person might not want to walk around with a ton of cash in their pocket. But don’t think for a second that their wallet is filled with a credit card from every bank. 9. Late FeesNo one likes to pay pesky late fees when they miss a bill or payment, especially rich people. 10. Things That Don’t LastEven if rich people have the money to replace an item that wears out or breaks, they still don’t want to waste their money that way. 11. Stuff Over ExperiencesResearch has shown that money and material things can generate only so much happiness. Instead, it’s meaningful experiences that lead to a truly fulfilling life. 12. RetirementNow, look: No one is going to advise you against investing money in your retirement fund. But for rich people, retirement isn’t a focus mostly because self-made billi--- Support this podcast: https://podcasters.spotify.com/pod/show/4dmbox2/support