5 Things Millionaires Do With Their Money That Normal People Don’t

Heather Taylor   Fri, December 16, 2022

We’ve all heard stories about the many things wealthy individuals do with their money which those with much more modest incomes do not. Many of these stories tend to revolve around extravagant purchases, like superyachts, private islands and having an unlimited budget for extraneous purchases like glitter.

Much less obvious, however, are the subtle ways those with extreme wealth treat spending and saving money. Here are some things millionaires do with their money that you would be hard-pressed to see a normal person doing.

Money Lessons From The White Lotus

Posted December 16, 2022 by Ben Carlson

I loved the first season of  The White Lotus

It was the perfect pandemic show at the perfect time, allowing us to escape to an exotic locale and enjoy the quirks of some wonderfully written characters.

Season two just wrapped on HBO and I enjoyed it even more than the first one.

The murder mystery aspect of the show was tremendous but my finance brain couldn’t help but notice a number of money and behavioral psychology lessons from this season’s cast.

I know what you’re thinking: Ben, these are TV characters. Are you really going to do this?

16 Money Rules That Millionaires Swear By

Gabrielle Olya  Fri, December 16, 2022

Being a millionaire or billionaire -- especially a self-made one -- usually requires being disciplined about saving and spending, as well as investing wisely. Although the super-rich can splurge on lavish vacations and fancy cars, some eschew a luxurious lifestyle for one that allows them to maintain their wealth over the long term.

So, if you want to live like a millionaire yourself, you'll have to follow the money rules of the wealthy.

How to Create Your Estate Plan: A Checklist

Follow these steps to tackle this daunting task.

Christine Benz  Nov 30, 2022

“Estate planning” is off-putting on so many levels. “Estate” conjures up images of the uber-wealthy setting aside giant tracts of land for the next generation. (Do I even have an estate, you wonder?)

And once you delve deeper and find out that estate planning revolves around organizing your affairs in case of your death or incapacity, the project sounds even less compelling than cleaning the gutters or shredding those giant piles of paperwork that have been accumulating in your office. Then there are the costs: Properly drafted estate plans usually involve attorneys, and they like to get paid for their services.

9 Bills You Should Never Put on Autopay

Dec 15, 2022  By Valencia Higuera

We can all use a simpler, more efficient way to manage expenses and save money. Putting your bills on autopay can ensure never forgetting a due date, which minimizes the risk of late fees and dings on your credit report. But although automatic payments can save time and streamline your personal finances, it isn’t the right choice for every expense.

7 Things You Should Never Pay For With Cash

Jennifer Taylor  Wed, December 14, 2022

Some people charge everything to a credit card to rack up rewards points, but that isn’t your style. When possible, you prefer to pay with cash. Maybe you’ve ditched the plastic as a way to curb overspending, avoid credit card fraud or simply because you prefer to shop off the grid. However, despite the many good reasons to pay with cash, it isn’t always the best choice.

Not sure what types of purchases warrant leaving the cash in your wallet? Here’s a look at seven common payments that should always be made with a different form other than cash.

6 Money Resolutions To Get Your Finances on Track for 2023

Jenny Rose Spaudo  Tue, December 13, 2022 at 5:28 PM·4 min read

Have you thought about your financial New Year’s resolutions yet? If not, now is a great time to start. Over 27% of American adults say saving more money is their top financial goal for 2023, according to a recent GOBankingRates survey. Around 23% plan to get out of debt, and another 23% want to make more money.

What practical steps should you take to reach your goals next year? Here are the top money resolutions financial experts recommend if you want to get your finances on track in 2023.

One-Third of Americans Say Inflation Is Top Stressor Going Into 2023 — How To Not Let It Get You Down

By Ashleigh Ray  December 12, 2022

The holidays are rapidly approaching, meaning 2023 will be here before you know it. While a new year always brings with it feelings of hope and optimism, there’s also a lot of uncertainty and concern surrounding the economy. The rising costs have had a significant impact on everyone, forcing budgets to get tighter and tighter.

A recent GOBankingRates survey found that a third of Americans (33%) say inflation is their number one stressor going into 2023. You can see this especially when you consider the two thirds of people who say rising food and gas costs impacted their finances the most this year.

How Long Should You Wait To Remind Your Friends To Pay You Back?

By Nicole Spector  September 3, 2022

It can start out so innocently: a friend asks you to spot him some cash. Maybe it’s a fairly trivial amount — a $20 for his share of brunch, say. Or perhaps it’s a tad more substantial: $100 to tide him over until he gets paid. Or maybe he asks for $500, $1,000 or more.

And he’s your friend, and he’d do it for you, right? And you have the means…

15 Most Important Assets That Will Increase Your Net Worth

Jennifer Taylor   Tue, December 13, 2022

Your net worth is more than just the balance in your bank account. It's a measure of your financial health.

To get the answer to "What is my net worth?" subtract your total liabilities from your total assets. If you're trying to figure out which assets are the most valuable or will otherwise give your net worth a boost, here's a rundown of 15 critical assets. Learn how you can start making lucrative investments toward your future.