Surprisingly, but even the richest people in the world are sometimes incredibly frugal, it’s hard to believe they have a lot of penny-pinching habits. Some wealthy people are self-made and used to thrifty living, while others just prefer to spend less and save more.
However, there are certain things successful people simply don’t pay full price for.
According to the real estate investor with Spark Rental, Brian Davis successful people will never pay full price for the car. According to his experience rich people do know that everything in this world is negotiable, including service, commodity and other products. But it is not only about rich and successful people, everybody can play this strategy. If you are willing to buy a car, collect internet quotes on the models you like and be ready to walk away if the seller doesn’t agree to your deal.
Successful people not just like retail stores, they love them. Such celebrities as Heidi Klum, Gwen Stefani, Jessica Alba are not shy to walk in the local Home Depot and some of them were spotted in Walmart. Wealthy people also love coupons, in spite of having couple of millions in the bank account. Now you can earn the discounts even online and catch a good deal on everything, starting from clothing and finishing with makeup.
The richer you are, the less you pay for certain luxuries — including travel. And successful people try to use their power to score everything, including free flights and first class upgrades. One more benefit of having a lot of money is the ability to put more on a credit card and pay it off. Ordinary people can also score discounts for traveling by using travel rewards credit cards, and with the help of a right strategy you can even catch discounted airline tickets, hotel rooms or first class upgrades.
Usually an average person pays around 6% commission fee to a real estate agent, while successful people never do. They always negotiate when selling a house. It works pretty good when your house is worth millions. For example, if the house’s cost is 2 $ million, real estate agent will get a rather fat check with 120, 000$ if he takes the usual 6% fee. But after negotiations, people manage to reduce the rate up to half, leaving the agent with still nice check – 60, 000$. And everybody is happy. But even if your house doesn’t cost so much, you can still try negotiating. You can achieve a goal by making an initial offer that’s at least 10% under the price you’re actually willing to pay and ask for any furniture and appliances you desire.
There is a great number of private colleges that slash prices for rich families that are able to afford the full tuition. These sort of discounts are known as merit aids and are used to attract academic all-stars to the school. However among the great variety of private schools, that provide financial aid unrelated to need or athletic, George Washington University offers funds to 20% of freshmen, while Tulane University to 37% . According to Forbes reports, there are around ten schools in US classified as “tuition free”.
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