The media likes to paint a certain picture of what it means to be rich — huge mansions, expensive cars, luxurious items, and more. If you buy into that image, being rich may feel like an impossible dream.
But the truth is that most rich people live very normal lives. The only thing that sets them apart from those who are trying hard to be rich is that they live by a set of rules that help them manage their money. Here are 12 money saving tips that rich people follow.
1. The 24-hour rule.
Rich people wait for an entire day to think over every non-essential purchase.
2. An all-cash diet.
The rich live by the habit of keeping as far away from debt as possible, so they prefer paying their purchases in cash over credit cards.
3. Set a budget and stick to it.
The “50/30/20” rule puts 50 percent of your income toward necessities, thirty percent of your income can be allocated to wants, and twenty percent should then go toward financial goals, like paying off debt or saving for retirement.
4. Spend on things that help you earn.
Rich people know that just because they need to save money, doesn’t mean they don’t have to buy anything. The only difference is that they splurge on things that guarantee a long term investment like a good laptop, or a reliable car.
5. Invest in services that save you time.
The rich don’t shy away from spending their money on services that could save them time and mental distress.
6. Experiences are invaluable.
Millionaires are keen on adding life experiences to their calendar. Instead of showing off their most luxurious items to the world, they would rather go out and see the world with life-changing treks, skydiving, and personal trips.
7. Bills first, rest later!
Rich people swear by the rule of paying their fixed expenses on the very first day through automated systems to have a clear view of how much they have left to spend on other not-so-important things.
8. Make a shopping list for annual sales.
A huge sale would make everyone purchase a lot of things — even those that they don’t need. The rich would plan their shopping list and schedule their big buys.
9. Invest in things that make you happy and healthy.
Millionaires “work hard and play harder.” They don’t spend on things that don’t really add meaning to their lives. They wouldn’t mind splurging on their expensive passion because it makes them happy, as long as their savings allow it.
10. Start “no spending” days or weekends.
The “no spending” days, weekends, or months is simple. Set out a limit for yourself and then shelling out any money during the time period unless there’s an absolute emergency.
11. Save your change and use it.
Don’t underestimate your loose change. Save them every chance you get, and you could buy yourself some coffee or snack in no time.
12. Repair things before discarding them.
While the rich love to invest, they believe in committing to their purchases. So instead of throwing a damaged item right away, they would try and fix it first before finally putting it in the trash.
35 Inventions That Can Solve Your Bathroom Problems
I want #18 ASAP!
You may think your bathroom is fine just the way it is, but the truth is your bathroom could be way more awesome. Considering how people spend a lot of time in there, it's no surprise that the bathroom has proved an inspiration for innovation.
Bathrooms are havens of calm and places to pamper ourselves after a hard day, so it’s important that it would make us feel relaxed and comfortable. With that said, here are 35 amazing inventions that can solve your bathroom woes and make it interesting and useful at the same time.
1. This faucet changes color depending on how clean your hands are.
20 Brilliant People Who Can Solve Any Kind Of Problem
#16 cracks me up!
Problems occur every single day and everybody experience it. The difference, however, is how you deal with the situation.
No, the world is not ganging up on you. Problems, just like most things, are constant. Fortunately, these troubles can be solved one way or another. In fact, there are a lot of people on this list that are dealing with worse situations than you, but they didn’t let it ruin their day. Here are 20 brilliant people who are ninjas of problem-solving.
1. A genius bumper savior. It could make you smile, too.
Mom Uses Her ‘Personal Massager’ To Ease Her Baby’s Chest Congestion
You could imagine how the demand for adult vibrating toys skyrocketed after this.
Mothers will always welcome lifehacks that can make life easier for them. After all, they can help them keep their sanity amidst the chaos in parenthood. So when a mom discovered a way to relieve congestion in babies, the Internet went crazy - not just because it was a brilliant hack but because of the item used.
A birth coach has revealed a tip from one of her mom clients, who managed to provide relief to baby's congestion - and that's with the use of a vibrator. Crystal Snider, owner of Facebook page, Melons and Cuties, took to the social media to share how the adult toy can be used as a remedy for respiratory issues.
You could imagine how the demand for vibrators skyrocketed after this.