5. They understand the value of education.
There’s a famous saying that states: “If you give a hungry man a fish, you feed him for a day. But if you give him a fishing rod and teach him how to fish, you feed him for a lifetime.” A good education is this “rod.”
- A member of my family is a private wealth manager for rich people, so I know what I’m talking about. Rich people invest in their education like crazy. Do their kids want a Maserati? Nope, it’s not going to happen! Do their kids want to learn how to play the piano? Of course, they’ll have as many lessons on the piano as they want. They invest in the best teachers and the best universities and want to give their children the best education possible. © Priamosish / reddit
- My aunt and uncle are rich. They have never owned a new car in their lives or spoiled their 2 kids. I couldn’t believe my eyes when I found out how much they had paid for the art school for their son. They spent $100k! But this investment has paid off, because their son works at some big NYC ad agency. © kieffa / reddit
New knowledge and skills mean new opportunities for development, personal growth, and increasing your wealth. That’s why education is an investment that lasts a lifetime.
6. They communicate with people who they look up to.
Millionaires are extremely picky when it comes to the people who surround them because they know that similarities attract and bind.
- Sergey Kosenko, a young millionaire, shares: “I have friends who have already started their own business. You need to find the topics that can connect you with people. If you have 10 friends and none of them have their own business, you’re likely to stop doing business yourself because the people around you won’t understand you. You’ll have nothing to talk about and they’ll drag you to their world, where you work a full day at the office, go on planned vacations, and receive notifications about the transfer of your salary to your bank account on a schedule. They’ll also joke that if you didn’t leave your job, you’d be happier now.”
- Ultra-wealthy people would never allow toxic people to stay in their lives. They won’t spend time with people who are poor and only complain about their lives, because this is the reason why “poor people only become poorer.” © Ratna Kumar / quora
Experience is priceless and well-off people think that if you know a successful person who is ready to share their knowledge, it’d be stupid to miss this opportunity. They look for people who can help them and have the same vibe as they do.
7. They don’t spend their energy trying to impress people.
Owning expensive things doesn’t show our status anymore because most people can afford to buy most of this stuff on credit.
- I decided not to change my lifestyle after my income significantly grew and I quickly realized that things aren’t a source of happiness. Owning too many things puts pressure on you. It’s better to spend money on experiences and traveling. Memories will last forever, but things make you happy only for a moment. And I don’t try to keep up with my friends and colleagues. You’ll never know the whole truth about the financial status of another person. I had well-off friends who were in debt and had no savings. © mwatwe01 / reddit
Buying things that you don’t really need just to demonstrate your financial status and living on credit are only for people who don’t think about their future.
8. They buy comfortable, but not pricey clothes.
Money can make you feel more satisfied and help you solve your everyday problems. But as soon as you buy everything you need, it will start to bring you less and less happiness, even if your income grows. Sounds like a paradox, right?
- My parents have a lot of money and they’ve earned it all themselves. They have 3 rules: “Don’t buy stuff to impress people,” “Don’t waste money on luxury cars. They lose a lot of value and they cost a fortune to maintain,” and “Save whatever you can, and invest whatever you can.” Wasting money means going out to dinner more than one night a week or trying to buy all the new gadgets. Seriously, people who have tons of cash don’t pay attention to these things. They prefer to have a good amount of savings instead. © powerlesshero111 / reddit
- Steve Jobs, one of the founders of Apple and Pixar, once said: “I watched people who worked at Apple and who made a lot of money, but they were so unhappy. Some of them bought Rolls-Royces, each one of them had a manager who took care of their house and a manager above that manager. Their wives went through so many plastic surgeries that they turned into these strange people who didn’t look like people anymore. I didn’t want to live that way. It’s madness.”
Well-off people are sure that all decisions connected to how much you can spend should be made based on your current financial opportunities and the objective benefits you might get from owning this exact object.