Most of us think that just because wealthy people have lots of money, they spend it on everything their hearts desire. But, that simply couldn’t be any further from the truth. In fact, you’ll find that wealthy people are often very frugal when it comes to spending. That being said, here are ten things wealthy people don’t spend money on.
10. Impulse Purchases
According to The Motley Fool, 90 percent of Americans say they regret making impulse purchases. But, the wealthy are not included in that number. “If you buy things you do not need, soon you will have to sell things you need,” billionaire investor Warren Buffet told Forbes, according to an article published by Reader’s Digest. Does this mean that wealthy people never buy lavish items? No, it just means they put more thought into what they’re buying — which is the exact opposite of what impulse purchasing is.