Do you think being rich is about earning a
lot of money? Well, it sure is, but it’s not the only
thing. In fact, spending wisely is key to accumulating
wealth. Seems counter-intuitive, right? Well, some purchases seem too expensive at
first glance, but they’ll save you a lot in the long run. So let’s see what millionaires recommend
to buy to take you to the top of the financial ladder. By the way, there’s a bonus for you at the
end of the video, but it will only make sense if you’ve watched it all. #1. A good car
First, let me make it clear: by “good” I don’t mean “expensive.” Buying a luxury car when you have the money
is tempting, but remember that the cost of maintenance is directly connected to the price
of the car. A cheap one, on the other hand, may have unpleasant
surprises in stock for you. So opt for a car that’s easy and cheap to
maintain, has never been in a serious accident, and will serve you for years. This way, you’ll always have the freedom
of movement while not paying extra for cleaning that super-comfy leather interior. Or just buy a bike instead! #2. Reasonable subscriptions
Do you really often watch that cable TV you’re paying every month for? And do you actually need that 1 TB storage
space in a paid cloud service? If your answer is “no” to both, then you’re
coughing up way too much money for things you don’t even use to their fullest. It’s best to only subscribe to services
that you know you need. It’s a good idea to pay for a TV service
that features your favorite shows without the auxiliary stuff, or buy a bigger hard
drive once than pay monthly fees for a cloud. #3. Discounted goods
The most surefire way to get to wealth is being thrifty. Discounted doesn’t automatically mean bad:
discounts are usually just a marketing move to get you to buy more of something, while
it’s still sold at a price that is favorable for the store. Buying groceries for full price, at the same
time, doesn’t guarantee better quality. So if you need a carton of milk and you see
a discounted one, go ahead and take it! Just make sure to check its shelf life: it
might be that the price has been cut because it’s soon to expire. #4. Quality clothes and accessories
While discounts are good for grocery shopping, clothing items and accessories are best bought
for full price, and not a small one either. Now, I’m not talking about designer clothes,
where you overpay for the brand, but buying cheap wear is, at the end of the day, a waste
of money. See for yourself: cheap clothes and footwear
mean they’re made of cheap materials and have low quality. And that, in its turn, means that they’ll
serve you for a single season at best, and you’ll have to buy new ones again. Expensive clothes, on the other hand, are
more durable, and if you take care of them, they’ll last you at least a few years. In the end, you’ll save yourself both money
and, more importantly, time. #5. Coffee machine
I get it: not many of us can get ourselves together without a dose of morning coffee. But the thing is, do you go to a coffee shop
on your way to the work or school, or do you brew your own stuff at home? It may seem that buying a cup on the go is
easy and doesn’t really take a bite out of your wallet, but if you do some math, you’ll
see how deceptive that feeling is. Buying your own coffee machine may be expensive,
but it’ll pay off in just a couple of months. On top of that, isn’t it better to sip the
black goodness from your own mug while sitting in the comfort of your home, rather than gulping
it down while walking up the street? So there. #6. Smart tech for your home
We’re living in an ever-improving technological environment, and it’s not a clever move
not to take advantage of it. Smart technology makes your life easier and
more controlled, allowing you to focus more on yourself and getting the important things
done, rather than trying to recall whether you turned off the iron before leaving home
or not. A couple of clicks and swipes, and your dinner
is being cooked, your laundry is being washed, and your house is being cleaned by automated
devices, while you can go about your own business, carefree. #7. Education
Self-improvement is key to becoming a better version of yourself and, therefore, a wealthy
person. Focusing on money itself won’t lead you
to wealth. After all, it’s your own skill and professionalism
that lets you earn more. So invest in it! Take a new course, read a book on an unfamiliar
topic, meet new people and learn from them. The more you spend on your own education,
the better your chances of landing a good job or becoming a valuable freelance professional. #8. Shares
This is a more sophisticated thing to invest your money in, but in the end, if you’re
diligent and wise, it’ll pay off hundredfold. There are lots of startup companies that invent
unusual and innovative things, and if you spend some money on buying their shares, you
might get incredibly rich when they achieve success on the market… or not. The biggest trouble with purchasing startup
shares is that you never know whether the company you’re betting on will skyrocket
or go bankrupt. So think it over carefully and weigh your
chances of a good bet. #9. Later versions of electronics
I think I need to explain this in a bit more detail. Whenever a new product appears on the market,
its version is by default 1.0. If you buy it immediately, chances are you’ll
have to deal with bugs and glitches that haven’t been discovered during the testing phase. And it doesn’t only concern smaller companies
— large and renowned enterprises with a perfect reputation can be guilty of same. It’s best to wait a bit until at least version
1.1 is out — more often than not, most of the flaws from the original version will be
gone with the update. #10. Rest and recreation
All work and no play makes Jack a dull boy — this proverb makes a lot more sense than
you might think. Working, learning, and creating opportunities
for yourself is awesome, but having quality rest is no less important, otherwise you’ll
simply burn out, even if you sincerely love what you’re doing. But don’t get me wrong: I’m not talking
about simply lying on the couch with popcorn and watching TV shows passively. Invest in your leisure as you would in your
education and use your me-time to your advantage. Never let an opportunity to learn something
new pass by you. Just don’t focus on these things too much
— after all, it’s entertainment and rest you seek, not another duty. #11. Things that will last you a lifetime
I’ve already talked about quality clothing, and this is a related topic. Quality stuff is expensive, granted; but what
you can get out of it is worth that and a hundred times more. Whatever you buy — a car, a laptop, or a
fridge — think of it as a long-term investment. Will it serve you for many years or even decades,
or are you going to replace it after a short while? If it’s something big, I bet you don’t
want to go through the humdrum of purchasing and delivering it once more for some time. Again, buying cheaper items doesn’t always
mean saving money in the long run. So better spend some more now and forget about
it for a long time. And a little bonus for you if you made it
this far: one thing you should never spend your hard-earned money on. Well, I say “one thing” but that’s,
in fact, many things at once. To become rich, you shouldn’t buy anything
that makes you indebted. Now, I’m not talking about your student
loan or stuff like that, of course, that’s another matter altogether. But if you need to overdraw your account to
buy a new car or take a mortgage to buy a new apartment, it’s best to think twice
before that. Taking a loan means using bank’s money,
not your own, and you’ll have to return it with interest. And taking too many loans will make you work
to pay someone else every single month for years. You’ll basically find yourself in a vicious
circle where you live to pay. Do you really want that? Didn’t think so. Well, kiddo, what about you? What things do you think you should buy to
become rich eventually? Let me know down in the comments! Hey, if you learned something new today, then
give this video a like and share it with a friend. But don’t go shopping just yet! We have over 2,000 cool videos for you to
check out. Just click on this left or right video and
enjoy! Stay on the Bright Side of life!
