First, here are my main philosophies when it comes to spending money.
1. Reflect on the true cost
When you see an item that you want to buy, the price tag is not the only cost. Other costs include the opportunity cost of not saving and investing the money instead, upkeep costs, and maintenance costs.
2. Buy Quality
Quality [...]

Here are some more habits of the rich.
1. Charitable giving:
Those who had $500,000 or more in investment assets gave away on average 6% in charitable donations.
2. Business owners:
Of the top 10% richest people, 41% own their own business; however, business owners are still advised to diversify their investments to decrease risk.
3. Borrow [...]