These Millionaires Refuse to Spend Their Money on These Items & Maybe You Should Too
Contrary to what most people might believe, not all millionaires spend indiscriminately on themselves. Some prefer to put their money on wise purchases and foregoes buying products and services others might deem as necessities.
With that being said, here are some of the items wealthy individuals like television personality Jay Leno, Youtuber Graham Stephan and ‘Shark Tank’ investor Barbara Corcoran won’t be caught spending their hard-earned cash on.
Jay Leno & Clothes
Audiences best know Jay Leno as the former host of the ‘Tonight Show’. After finishing his decades-long television stint, the now-69-year-old has kept himself busy focusing on one of his other interests: cars.
But, despite having his own impressive collection of expensive vehicles, people would be surprised to know that the ‘Jay Leno’s Garage’ host won’t be convinced to spend money on clothes. According to Leno, he finds the items a ‘complete waste of money’. And when it comes to fashion, his personal motto is to just have enough clothing items to cover all parts of the body that’s legally required to keep clothed.
This rather utilitarian approach to clothing and his overall ‘conservative’ philosophy on finance may be attributed to the way he was raised. Sources say that the television personality was raised by parents who had experienced the hardships of the Great Depression. In fact, Leno even said that his folks frightened him into saving every penny. He’s glad that they did though.
Graham Stephan’s 20-Cent Coffee
The video-sharing platform, YouTube, has become quite an effective one for making regular people famous. One of those who’ve made a name using is the young millionaire and investor Graham Stephan. Starting as a real estate agent, Stephan has branched out into using his following to give people useful financial advice. And it’s no surprise that he has numerous admirers as he himself follows his own advice.
For example, he’s been very vocal about how ridiculously overpriced drinks that shops like Coffee Bean and Starbucks sell. Thus, he’s made a habit of making his own caffeine fix at home for just 20 cents and advises his followers to do the same.
In comparison, the average cost for a serving of gourmet coffee is $4.24. Graham also shares Leno’s philosophy on clothes and doesn’t buy designer clothes despite being able to afford them.
Barbara Corcoran’s Travel Preferences
While her wealthy peers go as far as to buy their own private jets for traveling, businesswoman Barbara Corcoran doesn’t even like splurging her hard-earned dollars on a first-class or business class ticket when she travels.
The ‘Shark Tank’ star chooses to create her own high-class experience in the air even when flying coach by packing her own gourmet meal instead. According to Corcoran, her loot includes food items like fancy cheese, fresh fruits as well as a small bottle of wine, which she buys at the airport.
To complete the meal, the 70-year-old also brings her own utensils and an oversized napkin.
Even the rich watch their sending.
More in Business
-
Celebrity Couples Where the Woman Has a Higher Net Worth
In a world where gender roles and financial dynamics constantly shift, it’s not unusual to find celebrity couples where the woman...
October 27, 2023 -
Why the Gender Pay Gap Could Be Worsening
Picture this: Two college students, Alex and Charlie. Both are bright, have the same interests, and are ready to embrace the...
October 19, 2023 -
JC Penney’s Remarkable $1 Billion Revival Plan
In a remarkable turnaround, JC Penney unveiled a bold $1 billion revival plan, breathing new life into a brand that faced...
October 12, 2023 -
Shattering the American Dream: Mortgage Rates, Inflation & Cost of Living
You know that feeling when you are dreaming of something you have wanted for so long, only to watch it vanish...
October 6, 2023 -
Navigating the Workplace Dynamics With Generation Z
With the entry of Generation Z (born from 1997 onwards) into the workforce, a fresh breeze has swept through office spaces....
September 22, 2023 -
Why Businesses No Longer Offer Perks and Freebies
Have you noticed a shift in how companies are doling out customer perks and rewards? It’s not just your imagination—there’s a...
September 15, 2023 -
Paying Off Your Debt Through a Home Equity Loan | Is It a Good Idea?
Debt can be overwhelming, and finding ways to pay it off can be difficult. One solution that many homeowners consider is...
September 7, 2023 -
The Benefits of Doodling for Creativity and Concentration
Doodling, once seen as a mindless distraction or a sign of boredom, has now emerged as a powerful tool for enhancing...
September 2, 2023 -
How to Spot Job Scams
We all want to find our dream job, but the pursuit of employment can lead us into some sticky situations. With...
August 24, 2023
You must be logged in to post a comment Login