Data shows millionaires also love to save when shopping
One in three people with a net worth of more than $5 million shops at Walmart on a regular basis.
www.nbc12.com
1/3 of multimillionaires shop at Walmart
- Thread starter stinkynuts
- Start date
www.nbc12.com
most millionaires are low key and dont live the wealthy extravagant lifestyle.
1/3 say they shop at Walmart and the other 2/3 shop there but just don’t tell anyone.
I am not a millionaire, but close. I shop at Walmart, and not only that, buy mostly the generic Great Value brand. I can't justify spending 30-60% more when there is almost no difference (for brand names you are paying for their marketing, packaging, corporate salaries, etc). I can honestly say that a meal cooked with generic items is just as good. There are some items that I buy the brand names, simply because it's what I grew up with.
If you like, chocolate try Great Value Crispy rice milk chocolate bars. Only $1 for a big bar, and so good! I've had a box of Godiva chocolates for $70, and prefer the Great Value one.
If you like, chocolate try Great Value Crispy rice milk chocolate bars. Only $1 for a big bar, and so good! I've had a box of Godiva chocolates for $70, and prefer the Great Value one.
The no-name potato chips at No Frills are double the price at Loblaws(or at least they were, don't know current difference). Exact same potato chips.
Also, you can keep your car for decades with extra maintenance and rustproofing.
Walmart is great. Only complaint I have is their fruit looks kinda scary sometimes.
They were completely out of George underwear a few weeks ago at the one I go to.
Also, don't seem to carry as many types of Levi's pants as before.
Even before the pandemic, like a lot of stores, they were missing stock.
So much for computerized inventory.
Many people that are not wealthy and have loud mouths and extravagant lifestyles are deep in debt. I know a loud mouth jerk that drove the nice cars and has things he can barely afford fucked himself big. He was a ruthless sales manager that chopped heads when his sales people did not meet quota. This guy lived large all his life but saved very little for his future. The pandemic shut his company down and he is in temporary retirement 10 years before he turns 65.
1/3 of multimillionaires shop at Walmart because they live like most people or just a little better than most people.
Trivia question :
Most people ( over 95% ) that have over $1 million dollars in cash wealth shop regularly at ( this ) store.
Answer : Home Depot
They live a little better than most people and can buy the things they see at store. They like to make their homes nice but not buy $5300 Eames chairs.
I don't think 1 million makes you rich these days.
Average home price is over 1 million, no?
Average home price is over 1 million, no?
I like Walmart but try to stay away from great value food (ice cream, meat, etc).
I have heard some horror stories on food items but not sure if it’s all true
I have heard some horror stories on food items but not sure if it’s all true
Hell, I fit the demographic and shop for a bunch of everyday clothes at Value Village.
I am not opposed to do the occasional dumpster diving either.
In my suburbia, sometimes great, useful to you, stuff is found as someone else trash.
And the dumpster is merely the exchange location.
I have a source where I scrounge beer cans that add up to $200 in returns in a typical week.
I do this in an otherwise idle slot of my day that adds up to about 3 hours a week for this effort.
That is one way to become a $1M guy.
Hustle for beer can $ that adds to about $10k a year tax free.
In between dropping my kid to work and turning up at my office job.
I am not opposed to do the occasional dumpster diving either.
In my suburbia, sometimes great, useful to you, stuff is found as someone else trash.
And the dumpster is merely the exchange location.
I have a source where I scrounge beer cans that add up to $200 in returns in a typical week.
I do this in an otherwise idle slot of my day that adds up to about 3 hours a week for this effort.
That is one way to become a $1M guy.
Hustle for beer can $ that adds to about $10k a year tax free.
In between dropping my kid to work and turning up at my office job.
My Portuguese neighbour down the street often comes home with bagfuls of beer cans. He owns 3 houses easily worth $5mm.
Anyone who owns a home in YYZ sans mortgage is a millionaire.
A good reason not a judge a person by what they wear, what they drive, their looks and skin color.
Wealthy people are humble and not full of hot air.
They are the exact same product: thinly sliced potatoes that are fried in oil. Nothing is different at all except the packaging, yet people may double or triple. Just by going generic, you can save $100-200 a month. Let's say you make $20 an hour, that's 10 hours a month.
Ask yourself, would I be willing to wake up and work 10 hard hours to earn that $200 so I can pay for the packaging that will end up in the garbage?
But actually, after taxes, gas for commute, etc., you won't even be making that much in ten hours, so more like 12.
Let's say you save $200 a month by going cheap. After a year, it's $2400. Invest in an S&P index fund for 50 years, and you will end up with two million dollars.
So this young generation who is splurging on new iphones, $5 lattes at Starbucks, Uber Eats, etc. They should be saving that money by being very frugal and investing in it. It makes a huge difference when they get older.
Ask yourself, would I be willing to wake up and work 10 hard hours to earn that $200 so I can pay for the packaging that will end up in the garbage?
But actually, after taxes, gas for commute, etc., you won't even be making that much in ten hours, so more like 12.
Let's say you save $200 a month by going cheap. After a year, it's $2400. Invest in an S&P index fund for 50 years, and you will end up with two million dollars.
So this young generation who is splurging on new iphones, $5 lattes at Starbucks, Uber Eats, etc. They should be saving that money by being very frugal and investing in it. It makes a huge difference when they get older.
and some middle class like to show off...remember my SO's friend married couple maxed out credit cards and could barely keep up with their bills and mortgage but were able to buy LV bags and Canada goose jackets...LoL...can't even afford to do some renovations at home...but I guess we all chase different happiness...
There's an old saying: the rich live like they're poor, and the poor live like they're rich.
