Today's millionaire Jonathan Sanchez embarked on an exciting yet grueling journey to become the world's first millionaire from your family. His goal was to build that brand through passive income generated by real estate investing and his personal finance business.
By establishing a solid foundation of passive income streams, Jonathan has achieved a significant transformation in his life. He was able to reduce his workload and dedicate himself more fully to his wife and two children.
see more
These are the 4 zodiac signs that love solitude the most, according to…
There are some dog breeds considered perfect for people…
As the family's new millionaire, the frugal living philosophy goes beyond simply spending less or getting cheap items, it's about being more intentional and avoiding waste.
From that perspective, there are three things he would never spend his money on. Check out what they are below!
3 areas a millionaire refuses to invest in
buy new cars
Jonathan Sanchez takes a conscious approach to buying
cars, taking into account the fact that vehicles normally suffer a sharp depreciation in the first few years.He recognizes that new cars tend to lose about 60% of their original purchase value in the first five years, which which leads you to question the justification for spending a significant amount of money on a depreciating asset quickly.
Buying more food than necessary
The millionaire has a very conscious approach to grocery shopping, being careful to plan his shopping list and meals based on items already available in his home.
In addition, he avoids wasting food, choosing to save the leftovers to consume the next day. When he goes to restaurants and can't eat it all at once, he sees it as an advantageous opportunity to take the rest of the meal home.
Purchase low quality items
Jonathan understands that being frugal is not just about looking for the lowest price. He recognizes that sacrificing quality in exchange for saving a few dollars isn't worth it in the long run.
When it comes to purchasing investment items such as mattresses, sofas or refrigerators, Jonathan takes a thoughtful approach. He invests time in research and reads every available product review.
Their preference is to have items that are durable and can withstand multiple uses rather than constantly having to replace them due to poor quality.
Lover of movies and series and everything that involves cinema. An active curious on the networks, always connected to information about the web.