9 Simple Habits of Very Rich People

It is common to imagine that very rich people have extravagant lifestyle habits and are always squandering money. This has to do with the idea that those with the highest purchasing power spend without much worry, but the truth is that rich people often think - very well - before spending money, see? Time magazine has selected some simple habits from extremely wealthy people that can help you save your hard-earned money - check it out:

1 - Buying a Modest House

Telmex CEO Carlos Slim Helu, despite being wealthy and able to live in luxury homes, has lived in the same six-bedroom residence for over 30 years, you know?

2 - Buy things on sale

Contrary to what you may think, checking for lower prices at times of promotion is not a 'poor thing'. Having money also means knowing how to spend it, and if you can save a little, you don't have to.

3 - Spend money cautiously

Having a full wallet doesn't mean going out on the streets handing out cash planes - unless you're Silvio Santos - and buying even the most useless trinket. The same logic used when buying cheaper items should apply to choosing which items to buy. If something has no practical use in your life, and especially if you don't really need it, why buy it?

4 - Think twice about that coffee

Sometimes you get to the middle of the month without a penny in your pocket and you can't imagine how your hard-earned money ended so soon. This is not true of the rich: first because they are rich, of course, but also because they know that even small spending must be controlled.

Former New York Mayor Michael Bloomberg even controls coffee spending. When you buy the drink on the street, you choose the smallest size and still only buy it when you feel you really need it. Why? Because over the month that $ 5 that is paid in a cafe ends up becoming a much larger amount.

5 - Use your miles when buying a ticket

Traveling by plane is cheaper than it once was, but it's not exactly a bargain. If you frequently encounter air bridges, watch out for promotions and, where possible, earn airline miles on your credit card. Here at Mega we recently told the story of the billionaire who bought a frame of $ 635 million with his Amex to accumulate airline miles. Little savings is silly!

6 - Drive the same car for 10 years

Switching your car often - or collecting big ones - may be the ideal of life for anyone who dreams of wealth, but the truth is that there is a lot of rich people out there driving the same car for years. Millionaires Jim Walton, Azim Premji, Steve Balmer and Ingvar Kamprad not only do not have this habit of changing cars often but also drive affordable models.

7 - Avoid installment purchases

It's hard, but if you can discipline yourself to buy only on debt, you'll have a much more balanced financial life. Not having to worry about endless installments, interest and penalties is a great way to catch up on finances.

8 - Learn to settle for less

People have evolved in such a way that we can say that we add emotional values ​​to objects that have only material values ​​at all. In our eagerness to be happy at all costs, we think that buying everything is the solution. Guess what? It is not. The more you realize that you don't need objects to be happy, the less consumer you will be.

9 - Do you have 1, 000? So live with 700

Spending less than you earn is one of the secrets of having a financial life on track - just as the opposite is usually the beginning of a debt life. Even those who earn very well usually save when it comes to spending money and avoid spending more than they earn, you know? Here's the tip!

And you, do you have any foolproof tactics to save money? Comment on the Mega Curious Forum