You are rich, successful, and smart: wealthy people haggle at every opportunity. The editorial team reveals your tips – and where they are really stingy.
Rich people often accumulate their wealth over years. But very few of the so-called self-made millionaires reveal their secret of success. Until now. Because, according to Business Insider, there are exactly five things that the wealthy would be far too stingy to pay full price for .
Rich people bargain for auto bargains
Bentley, Hummer or Aston Martin: When it comes to cool and chic cars, it often seems as if high society is in for a treat. But according to Brian Davis, a real estate investor from Spark Rental, this is more appearance than it is.
Because especially when it comes to cars, rich people shouldn’t want to spend so much money . Instead, act wisely – and find the best price for you. Here’s how it works: Since they know that negotiating consumer goods is the cheapest way to get away, you go to the dealership on the last day of the month.
Your consideration: Car dealers receive commissions for every vehicle sold. However, you always have to meet one target specification per month – otherwise there will be trouble with the boss.
That’s why they also know that the best bargains can be struck at the end of the month . “A smart buyer comes to the dealership on the last day of the month and says they are buying a car but they don’t want to pay anywhere near full price. Then they ask what the lowest price they can get,” Davis said . With this trick you too can get a brand new car – for a small price.
Otherwise, you could also compare prices online for the model that interests you. And enter into negotiations with the car dealer with this desired price.
The rich use discount coupons for consumer goods
Strolling for hours in luxury shopping streets – and then not buying anything? Rich people don’t do much differently from what many would expect of us. According to a survey by the “Millionaire Corner” news site, 1,200 investors said which stores they preferred to shop in. They all had an estimated net worth of around 4.5 million euros.
And yet: Most of them preferred to shop their weekend shopping at US discounters such as Home Depot, Lowe’s, Target or Costco . Even Hollywood stars like Britney Spears, Justin Bieber or Heidi Klum have already admitted to being fans of Target, Walmart & Co. They are also big voucher fans.
A concrete example: Although US basketball great Carmelo Anthony is said to have around 28 million euros according to Forbes magazine, he should always have discount vouchers with him to save money at the checkout. “I always cut the coupons out of the newspaper before I go shopping so that I can save a dollar or two,” he told CBS Denver a few years ago.
However, the coupons are often already available online . So if you would like to try out discount vouchers for clothing, electronics & Co. yourself, you should simply search for them on the Internet.
In addition to discount vouchers, you can also save a lot of money in everyday life .
Lots of Money on Credit Cards: Free Luxury Travel
Although high society does not like to do without business class when flying or traveling, they still do not want to spend a lot on it. Instead , according to a study by the credit card portal “Fidelity”, they load a lot of money onto their credit card – and thereby receive discounts, bonus miles and even upgrades.
If you have a lot on your card, you can expect free travel gifts in addition to cashback. But normal people can also benefit from this – all you need is a credit card with a so-called travel reward .
Those who use the card wisely can get hold of free flight tickets and bargain luxury trips themselves . And also take advantage of a service called JetSuite, where you can spontaneously and cheaply book a flight with a private jet.
Basis for negotiation: The rich pay less for real estate
Whoever buys a new house can usually not avoid the agency commission . But even owners who want to sell their four walls prefer to turn to someone who takes care of it.
However, the rich have the advantage here that they usually have to pay less. Here, too, their business acumen comes into play: They prefer to sell the costs down , as Sissy Lappin, the author of “Simple and Sold”, has now revealed.
Whoever has to pay less commission to the real estate agent can save a lot of money. The same is true when you want to buy a house.
If you like a property, you should always make an offer that is ten percent below the purchase price . In addition, you should be a little cheeky and include all the furniture and household appliances that you like, as the information portal Zillow confirms.
Those who invest in real estate can even get rich – without spending a lot of money . An English woman also wanted to sell her house in a dubious way – and got a lot for it.
Scholarships: Financing higher education without spending a lot of money
The rich seem to have an easier time getting a good education. Especially when it comes to elitist private schools. After all, this can only be afforded by those where mum and dad shell out up to tens of thousands of euros per semester.
But students from poorer backgrounds also have this option. Because there are many foundations and universities that offer scholarships and programs in which socially disadvantaged students are allowed to participate.
Often the tuition fees and materials as well as living expenses are covered by them so that the students can concentrate fully on their studies. The only condition: They have to have very good grades in order to get a scholarship.
