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You are probably imagining elaborate ways of spending all that cash to live in the lap of luxury.

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A few might seem typical, and others might come as a shock.

Also see things the wealthy elite do with their money that you should do too.

With that comes a lot of additional costs.

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The other 51 weeks a year becomes a waste of a perfectly good house, Ekoniak said.

It also costs more to heat and cool larger homes, Kullberg pointed out.

Cleaning whether you do it yourself or hire a housekeeper will also take much longer, she said.

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This happens most frequently when the club they join is not close to their main residence, Ekoniak said.

According to Ekoniak, these costs are not needed.

The cost of the insurance is just not necessary, he said.

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We run into this situation very frequently as life insurance is more often sold not bought.

Kullberg suggested trying to invest only in pieces you know you will weartime and timeagain.

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