What are some money saving rules that rich people follow?

[You]

What money-saving rules do the wealthy swear by? I want to know the secrets to their financial success. Do they prioritize investing over spending? Avoid lifestyle inflation? Use cash instead of credit? Share the habits and strategies that have helped the rich build and maintain their wealth.

 

[cherry123]

They work hard to make their money and have a budget which should be reasonable when it comes to spending.

 

[Sawe]

I think most rich people prioritize investment over spending. They make sure that their investment portfolio always goes up even if that means cutting back on some expenses.

 

[Stardom22]

Most rich people live frugal life of the highest order that most poor people couldn't manage.

 

[nomad]

I don't think rich people are into saving cash, they are more into investing. That's why they are rich.

 

[freelancermaria]

Wealthy individuals often seek opportunities to invest their money and make it grow, prioritizing investments and entrepreneurial endeavors over traditional savings to increase their wealth.

 

[Ratine]

They have higher standard discipline in sticking to their budgets and saving habits for that matter.

 

[Fidelia]

Rich people would never buy things single. They always believe in bulking up and that helps them to save money.

 

[Ratine]

The rich people would not only save money but also invest wisely on the reliable platforms.

 

[Shavkat]

I am sure most of them do is not to overspend. This is best course of action that they are practicing these days.

 

[Springtime]

I think most rich people prioritize investment over spending. They make sure that their investment portfolio always goes up even if that means cutting back on some expenses.

I agree with this. The rich make money work for them. They invest to grow their wealth. They work hard and are smart in making the right investment choice.

 

[Ratine]

Always the rich people would not save their money on the pillows. They normally save in banks to enjoy good loans.

 

[eldavis]

The rich tends to make more of investments than actual saving, this is one thing a lot of people have failed to do.

 

[Kerryjoy]

Yep, they prefer investing rather than spending and they don't save, money works for them

 

[Hate2Wait]

As per my understanding most rich prefer to invest more. They don't bother much with saving but prefer to invest big amounts

 

[Rubz]

One money saving rule i know rich people strictly follow is making a budget and sticking to that budget. They are very disciplined and they hardly spend on something outside their budget.

 

[Hate2Wait]

I am not sure if they follow any budget but I am sure they invest a lot more that we cannot even imagine

 

[Ratine]

Rich people do save a lot of money in their Bank accounts at once for that matter.

 

[Hate2Wait]

I feel they are more into investment and not in saving, they do maintain a decent money in savings but prefer to invest more

 

[Ratine]

Rich people are very unique in some ways. They do save in a very unique way too.