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Waste Time on Senseless Activities – They say time is money.Never buy something the first time you see it. If it still holds value in your mind, maybe it’s worth buying. If you see something you like at the mall, walk away.
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Impulse Buy – Impulse buying wastes money and leads to a cluttered house full of “stuff” you don’t need or use.For those that live in Florida and still go to the tanning bed… WOW!
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Keep His Money in a Checking Account – If you want to increase your wealth you have to set your money up to make more money.Better yet, avoid name brand clothing all together. Pay Retail for Name Brand Clothing – You can easily save hundreds of dollars a year on clothing purchases by waiting for sales or shopping at discount retailers like Marshalls.The millionaire next door desires long-term deferred compensation over instant gratification. Desire Instant Gratification – You have to think long-term to attain long-term success.It is impossible to save money if you constantly hang around people who blow it all. Socialize with People Who Waste Money – The people you socialize with influence your habits.Think He Knows It All – People who think they know it all stop learning and thus become unaware of new opportunities.If done on a regular basis you will waste a few thousand dollars a year. If you eat out you will pay triple the price. Eat Out on a Regular Basis – With the recent price increases in corn, wheat and dairy products, preparing your own food is already expensive enough.Do not buy “stuff” right now that you cannot afford to pay for in cash right now! Monthly interest payments can add up to hundreds of dollars over the course of a year.
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