Investing/Money Management

Crazy Ways Wealthy People Stay Rich

By | Monday, December 10, 2018

There are a lot of lessons the average person can take from rich people when it comes to making their money work for them (with ample grains of salt, of course). Achieving financial stability, especially when starting off without a huge loophole like a trust fund or inheritance, often means two things: getting lucky, and sticking with good habits. Wealthy people know when it’s best to make a move, and when to be patient. And they know that saving money is a long game — something anyone can benefit from learning.

But what about those crazy rich people, who seem to be on vacation every week and own multiple homes that cost millions of dollars each? In this fascinating installment of the 3-Minute Guide, brought to you by Skillshare, Erin shares some of the biggest secrets and loopholes that the super-wealthy use to stay rich — and get out of paying taxes. (Not exactly model behavior, in our opinion.) Having a lot of money also means these individuals can rapidly grow wealth through super-risky maneuvers that “regular people” often wouldn’t be smart to emulate. Head over to the TFD YouTube channel to see the video in full!

Image via Unsplash

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