Secrets rich people won’t tell you about their habits and lives

“Anytime the newspaper lists my name among the 100 top-paid executives in the area, I get a ton of requests from people asking for money. It happened so much that I had to come up with a strategy to deal with it. Now I say, ‘I’m happy to give. I’ll match however much you raise yourself.’”  – A retired California tech executive and multimillionaire.

Make sure you know these secrets your financial adviser wishes you knew.

I buy three suits every five or so years and own only ten total. That’s all I need – T. Boone Pickens, oil billionaire, in an interview with Kiplinger’s magazine in 2012.

Make sure you know what types of tiny splurges that are costing you way more than you thought.

When I go to other people’s houses, I don’t like watching TV on their smaller screens and listening through their wimpy stereo sound systems. It feels like you’re watching TV while slightly blind and deaf. – Allen Wong, multimillionaire developer of many bestselling apps and author of Lifehacked

“After I made a bit of extra cash by being an app developer, I decided to give some to my old friends and family members who were living paycheck-to-paycheck during the recession. But I knew that most of them wouldn’t accept it. So instead, I asked them for app ideas, which I’d code and sell. They weren’t great ideas, and the apps barely make any money. But that wasn’t the point. I’d pay my contributors thousands of dollars anyway.” – Allen Wong

“I still collect all the tiny pieces of soap and put them together into one bar. I still squeeze the toothpaste tube dry. And I grow a lot of my own vegetables.”  – August Turak, founder of two successful software companies and author of Business Secrets of the Trappist Monk.

Learn the 15 daily habits of debt-free people.

“The really wealthy are usually not the ones who wear the most expensive clothes, have the latest handbags, or drive flashy cars. [I] see a lot of people who live in houses that sell for $10 million driving ten-year-old Toyotas.” – A successful plastic surgeon

“Your home might not have a ballroom, but you can save yourself stress by creating an off-limits area when entertaining. Bonus: You can shove the ‘I don’t know what to do with this stuff’ pile into one of those rooms and shut the door.” – A real estate broker from Million Dollar Listing New York on Bravo television.

“My big break was when I was hired to represent a company started by people I knew from high school.” – A partner at a prestigious law firm

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Source: RD.com