7 Characteristics of a person accumulating wealth (Part 3 of 4)

7 Characteristics of a person accumulating wealth (Part 3 of 4)

By Stealthy at 8 August, 2007, 5:13 pm

In the previous two post I’ve mentioned the first two characteristics of a person with wealth. The next is to

“Shop Wisely”

An easy way to save money is to shop around for a good deal. Instead of making an impulse buy why not wait and see if the price comes down or if you can find it at a lower price somewhere else. Usually if you wait a week or so you find that you don’t need that “ab roller” you wanted the previous week.

Another way to shop wisely is to shop at warehouse clubs such as Sams club. Buying in larger quantities is way cheaper than buying little buy little. Why go to a convenient store and pay $1.49 for a gatorade on the way to a ball game when you can buy a case and pay half of that at a warehouse club?

How about buying seasonal items out of season? This is definately a way to save on items. An example would be a boat. Buy a boat in late summer because most boats sell in the spring. Salesmen are willing to lower the price to sale because it gets the boat off their lot, which is cheaper than having to pay keep it during winter.

Also negotiate on big ticket items when possible. In most countries its not uncommon to negotiate when buying items. The United Stats is too used to accepting advertised prices. If a salesman wants to make a sale he’ll do his best to work something out most of the time.

Categories : personal finance


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