matter how rich and successful you become, there are
some things for which you should never pay full price.
You can start building your wealth by getting a better
understanding of what’s actually worth your money —
and what isn’t. Find out what you can spend less money
on, and learn some of the secrets of the super-wealthy.
people never pay full price for cars, according to Brian
Davis, a real estate investor with Spark Rental.
"The rich know that everything in life is
negotiable," says Davis. "Every service, every
commodity, even many physical products. And the trick to
negotiation is finding other things the selling party
wants, besides money."
you’re in the market for a new car, Davis recommended
collecting internet quotes on the models you’re
interested in, researching the wholesale prices and
being willing to walk away if the salesperson won’t
give you the deal you desire.
shouldn’t have to pay a fortune to get in shape or
maintain a healthy lifestyle. Thankfully, there are a
ton of different ways to get discounts on gym
with your employer or health insurance to see if they
offer a special monthly rate or a discount on the
enrollment fees. If you’re signing up at the same time
as a family member or roommate, you might be able to get
a special rate.
if a gym near you offers a free or discounted trial so
you can be sure you’d get your money’s worth. Better
yet, try out a program like ClassPass, which lets you
pay one fee to try out a variety of fitness studios each
richer you are, the less you pay for certain luxuries
— including travel. Fifty-five percent of credit card
holders have rewards credit cards, according to a survey
by financial services company Fidelity. Though cashback
was the most popular reward, free travel also ranked
high on the list. Successful people use their spending
power to score everything from free flights to
first-class upgrades and access to premier boarding
rooms. And when you have a lot of money, you can easily
put more on a credit card — and pay it off — to rack
up as many points as possible.
the average person pays about a 6 percent commission fee
to a real estate agent, successful people tend to pay
much less — especially when selling their homes. As
for buyers, you can always negotiate a better price.
in a buyers’ market can score great deals by
"asking for the moon," according to Zillow, an
online real estate database. Start by making an initial
offer that’s at least 10 percent under the price you’re
actually willing to pay and ask for any furniture and
appliances you desire. You should also ask the seller to
pay all the closing costs and set a closing date that
works best for you. Best-case scenario: The seller
accepts. And worst-case scenario: The seller counters.
people might enjoy perusing the aisles of popular luxury
retailers, but the truth is that they rarely spend money
there. Millionaire Corner, a wealth management news
site, surveyed 1,200 investors to ask which retailers
they actually shopped from. Among the respondents with a
net worth of $5 million or more, Home Depot, Lowe’s
and Target were the most popular retail stores. Nearly
half the respondents said they like to shop at Costco,
and a third shop at Walmart.
these days, coupons for everything from clothing and
electronics to diapers and makeup are available at the
click of your finger. Some popular online coupon sites
include Coupons.com, RetailMeNot, SlickDeals, DealNews