Because we're all just trying to make life a *little* easier.
I'm an LA-based trending news writer covering health, politics, and internet culture.,"What is a 'rich person's secret' that is actually accessible to the middle class, but most people are too intimidated to try?" I was all ears.
"Live within your means even if it hurts. And INVEST YOUR EXTRA MONEY. The standard of living has risen so much in the last 30 years that people don't want to buy a house unless every kid has their own room. People over-leverage themselves by buying more house than they can afford, or prioritize comfort/convenience and neglect investing opportunities to do so. If you have no investing experience, open a brokerage account , deposit some money into it every paycheck, and set up an auto-buy for VOO or VT. You are now investing. It can be set up in 10 minutes. "I realized that they ask for discounts, better deals, advice, and opportunities. Most people don't ask because they feel shy or scared. But asking is free, and the worst answer is just no.""I had a boss who used to get his initials embroidered onto the cuffs of his shirt. He said, 'for something that costs $15 , it makes my shirt look like it's worth $150.'""I'm thinking that more people need to start using the legal entity known as a trust. Rich people use it to shield their finances and property. Sue them, and you find out they're broke, but the trust sends them a check every week." "This one is a bit niche, but you can freely use fancy hotel lobbies in NYC . If you need a restroom, a place to sit, or even a glass of infused ice water, you can generally just stroll into the hotel like you're staying there, get lost in the noise of the scene, and use the facilities. You can also cut right through the middle of many Midtown hotels instead of going around the block on the sidewalk. This is especially nice if the weather is rough.""I poked my head in the front door of a Michelin-rated restaurant one night while on a walk with my wife. It was a six-week wait to get a reservation, but I just asked nicely if they happened to have any tables available. We had a fantastic meal that we still randomly talk about years later." "Adjacent to 'going to fancy places' — investing in a capsule wardrobe of truly high-quality clothing and a few pairs of well-made shoes goes a long way. So much fast and cheap fashion LOOKS IT.""On this note, look for designer/well-made brands on eBay, etc. I've found that the more expensive the clothing, the more likely people with money will sell them unworn and take offers on the price. I've got some nice clothing and coats that way, and people do treat you differently when well dressed." "My friend has an email account she runs for her 'personal assistant' , and books her hotels through this nonexistent person on her behalf. She routinely asks for discounts through flattery. 'Oh, Mrs. Smith simply ADORES this hotel chain blah blah…' She gets her rooms comped all the damn time. She's even helped us get discounts lol. So, if you're too afraid to ask for a discount irl — do it over e-mail through a fake personal assistant. :)" "Buy a used, practical, affordable car, maintain it, and run it until it dies. Invest the money you would spend on a car payment. Restaurants are for special occasions. Learn how to cook at home. Invest the money you would spend eating out. I know this one gets a lot of play, but it really does help, especially if you have kids. A $20 home cooked meal vs. $80–100 at a restaurant adds up fast. If you have credit cards, read the fine print and make sure you're redeeming all of the perks . World travel can be stupidly expensive. 'Staycations' and short local trips can be a lot of fun and save a lot of money. There are no magic 'get-rich-now' buttons. Patience and discipline are key. We did all of these things at times over the past 25 years, and each helped. Wouldn't say we are rich, but we started lower middle class and are now solidly upper middle class." "Don't replace your perfectly fine car every five minutes. The cheap phone makes calls just as well as the spendy one.""We did this when my kid was born. For the first several months, the chef came once a week, bought groceries, and just cranked out a bunch of meals. You're just so sleep-deprived and in survival mode during those really early new-baby days. Saved money compared to DoorDash, saved sanity bc we could finally eat something healthy, saved time, of course. After a few months, we parted ways with the chef and went back to normal life, but I'd do it again in a heartbeat." "Hiring a cleaning service. My husband and I both work busy jobs and do a shit job of cleaning, and we don't want to deep-clean our floors in our time off. We call a maid service to come by and deep clean about every six weeks. It costs about $300, but saves our sanity and saves us from an argument." "This is a very big one. Rich people buy assets. Not liabilities. Assets make you money as they appreciate in value. Liabilities lose money over time. A car is a liability. A house is an asset. While you need a car, you don't need a fancy car. I have a lot in the bank because, over the years, I bought used vehicles that were a few years old and didn't pay the off-the-lot fee. With the money saved, I bought properties and rented them. I am set now and still buy vehicles 2–4 years old." "Create multiple sources of revenue streams. If you are just starting out, it could be from a vending machine, renting an empty room out, or having a hobby that makes a little extra cash and then investing that money in the stock market in an ETF like VOO.""My personal favorite I learned from working with the wealthy is to ask yourself, 'Is it worth your time?' If you spend an hour clipping coupons to save $5, was it worth it? If the project will take you three weekends to complete yourself, when you can pay someone to do it in a day, is your weekend worth more or less than the money you paid and the time you saved? Paying cash up front might get you a 5% discount, but how much could you make investing that cash while you make monthly payments?"
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