GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
But, theres adifference between being wealthy and being regular rich.
The Seattle Timesindicated that the regular rich are wealthy individuals who blend in with everyone else.
There might be more people in this category than you imagine.
The number of millionaires worldwide is on the rise.
Here are seven things that the regular rich dont spend their money on, according toCNBCandGOBankingRates.
Instead, theyd rather put their funds toward real works of art that hold intrinsic value.
Some art can increase in value over time, making fine art a financial asset.
The rich ensure they avoid these types of banking fees to keep more money in their pockets.
Late Fees
Credit card and utility late payment fees are costs that the rich stay away from.
Its smart to align bill autopay dates with your payday.
This way, the money hits your checking account and your bills get paid without even thinking about it.
Lottery Tickets
Rich people recognize that spending money on lottery tickets is probably a waste of money.
Your chances of winning any significant sum of money from the lottery is quite slim.
Consider eliminatinglottery ticket spendingto put more money back into your budget.
Overly Processed Foods
The rich understand that spending on overly processed foods is not a good idea.
Cheaply Made Items
Rich people steer clear ofcheaply made items.
Its no surprise that cheaply made items dont last as long as higher quality items that cost more.
For our full Privacy Policy,click here.
