How to Save for Medium Sized Purchases

When talking to extremely wealthy people or hearing wealthy people talk, I have noticed that the top one percent often care more about how they spend their money on medium sized purchases instead of huge purchases. I’ve heard of millionaires that wouldn’t think about buying a Bentley but wouldn’t rock a $100 pair of shoes because they’re too “expensive.” I also know a person that makes an above average salary that lives in a trailer park because they don’t know how to stop buying shoes or save up for them. In conclusion I believe that the most important form of spending is your medium sized expenses. Median sized purchases are easy to spend more on than you intend as well as being expensive enough to impact your worth over time. Meaning, what you spend on the medium sized stuff is probably going to dictate a lot of your total worth. So before we begin, I am legally obliged to tell you that I am not a financial advisor and this article is only for informational purposes.

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