Millionaires are usually known to have big houses with the luxury cars, but do they really spend their money this way ? It turns out, we are not so different from most millionaires.
According to a study, most millionaires with a net worth above $10 Million USD, actually shop the same way the average person would. Many claim that they shop at JCPenny and Sears. Many also said that they would not spend over $400 on a suit. The key to having a lot money is to Accumulate as much money as you can. Because you make more money, doesn't mean you should spend more.
There are millionaires with the big houses with expensive cars, but there is a chance that they might be in debt. Many of those millionaires are paying those items off, which can be dangerous if you are not stable. The majority of millionaires don't show off luxury items. Many would buy american cars than foreign cars. They are careful with their money,
The reason many lottery ticket winners lose their money is because they so not spend it wisely. Research shows that 95% of lottery ticket winners return to their beginning financial state in about 5 years. Millionaires can still have a big house and nice cars, only if they can afford it and spend the rest of their money wisely. They like to save money on any kind of items.
In a way, we already spend like millionaires ( or we should ). Spend money wisely and invest your money and you should be on your way to having a lot of money. The goal is to be financially secure and be living the lavish lifestyle.
This article can be found here: http://investingliketherich.weebly.com/blog/how-do-millionaires-spend-their-money
To find the best cryptocurrency investments, check out my blog ! http://investingliketherich.weebly.com/
