One of the strangest aspects of modern society is the number of people trying their utmost to appear wealthier than they are—even to their own detriment. This is fueled, in part, by insane amounts of cheap and easy credit being thrown around by banks under the direction of the central banks and, to be completely honest, it is insanity.
When you step back from the hubbub of life and take an objective look at the behavior of actual rich people, you will be surprised to find that more often than not they are not following those same patterns as those who are outwardly rich but inwardly poor.
This list looks at ten aspects of the life of the typical millionaire that go against our preconceived notions of wealth. It serves as both a guide to understanding the rich, and a guide to copying them in the best possible way: the way that can lead to your own future wealth.
10 Buy Second Hand
The Art of Frugal Hedo…
Best Price: $9.94
Buy New $13.63
(as of 02:46 EDT – Details)
Some things you can’t (or don’t want to) buy second hand: things like underwear, food, and bedding. But when it comes to everything else: rich folk are the first in line to get a bargain by buying second hand. Most significantly, rich people tend to not buy cars brand new (understanding the horrendous depreciation that occurs in the first few years of a new car) or if they do buy a new car, they tend to own it for at least ten years, ensuring they get the full value out of it.
Rich people love antiques (which are not always particularly expensive) and second hand furniture, but most importantly they love the value of buying second-hand. Every penny that is saved by buying and re-covering a second-hand sofa versus a brand new sofa can…