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Here are six things the rich never buy during the holidays.
Also see three things the rich never hesitate to spend on.
Gift Cards
For some people, cash is king.
For the rich, gift cards are far from royalty during the holiday season.
Gift cards are essentially ways to convince people to spend money and hope that people lose them.
Every millionaire I know will give cash or a check instead of gift cards.
They know there will beshortages and supply chain challengesand instead look to buy the presents at a different time.
Many times the items are discounted due to lower demand.
My parents taught me this trick when I was 8, and I have used it frequently.
They prioritize convenience and ease over timing their purchases for holiday deals.
If they need a service, theyll sign up right away, no matter the time of year.
The ones on sale are usually overstocked or in little demand.
I boughtmy wife earringsat half the price just by purchasing them in the month of June.
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