5 Ways Being Rich Saves You Money

Rich people spend a lot less than than the average person. And they often have special leveraging opportunities no one else can get.

Here are five examples of how being rich saves you money.

1. You Get Free Stuff

My Dad is an architect and used to own a construction company.

One of his clients wanted their kitchen renovated and decided to throw out all of their old appliances, dishes, etc. My Dad was at the jobsite on garbage day, and saw an interesting set of boxes. He asked the client if they knew what was inside these boxes, and the client said “yes” — confirming their exact contents.

My Dad ended up taking these boxes home, instead of letting them end up on a landfill.

And that is the story of how my parents got a complete set of unused, Presidential Seal Pickard China — gifted to attendants of a formal White House dinner.

Merely being around wealthy people will often get you cool, exclusive stuff. For free.

2. Companies Pay YOU

As I was at a gas station in Wisconsin, when I saw something very predatory. Debit cards for a “digital bank” where users have to pay outrageous monthly fees. $5 per ATM withdrawal. $1 to check their balance. $3 to activate their debit card…

Standard features that are normally free.

This service was obviously targeting low-income people who don’t have bank accounts. And who don’t realize that there are already no-fee online banking options.

When you have money, not only do you avoid predatory fees. But you also get paid to use banking services.

Credit card companies offer you exclusive bonuses and sign-up rewards.

And, you get free discounts in the form of cash-back or rewards points — since you never have to carry a balance.

3. Passive Income

If you earn $1.25 per hour, every hour, in passive income, you net $10,950 per year with zero effort.

If you generate $9 an hour in passive income, you make $78,840 per year.