The Millionaire Family In The United States Changed 70% Shoes To The Bottom.

Most people will be surprised to hear that many millionaires will improve their families' economic efficiency in the following ways: refurbishing furniture instead of buying new ones; replacing cheaper long-distance telephone companies; never shopping by telephone; changing or repairing shoes; buying coupons for groceries; buying bulk household products.

Today, more than 2/3 consumers in the US are impulse consumers.

He didn't bring a shopping list or just a short shopping list.

It appeared in a supermarket.

They had no plans to wander around the mall.

So, what's the best way to buy things in a food store?

Among the millionaires I met, one of the couples did the best.

They map the interior of the two food stores that are often patronized and map the names and locations of each commodity.

This map will be used as a weekly shopping list and shopping guide.

If they run out of a certain item in a week, they will circle the picture on the map.

This sounds like a lot of work, which is not the case.

They have their own views.

If you don't have a shopping plan, you spend more time in a food store every week, that is, you don't plan ahead.

If you occupy 30 minutes a week, it will be 62 thousand and 400 minutes to 78 thousand minutes, or 1040 hours to 1300 hours in adult's life.

Just now an installer has installed a new water heater for you. He earns more money than you earn in hourly working hours. Is it a mistake to hire him instead of doing it himself?

You may think, what do I think of the millionaire I visited?

Millionaires and those who may become rich in the future are not sensitive to the "first cost". They are only sensitive to "dynamic cycle cost".

"First cost" means that if you install water heaters on your own, not the cost saved by a skilled installer.

In the process, you may save $150, but in subsequent use, the installation cost of the water heater installed by the installer may be more than $150 more than that of the water heater you installed yourself, because they have more experience and better technology.

Although the installer requests more than an hour's salary per hour, you can save some money by installing it yourself.

However, you do not take into account the difference in the dynamic cycle.

If you decide to install the water heater yourself, how much time and effort will it take?

You could have spent your time and energy improving your professional or research investment.

So thrift is not "do everything by yourself".

The Webster dictionary defines "frugality" as "the economy of resource use, or the economy that reflects the use of resources".

The key word here is resources, not just the cost of the first cost or the dollar assets, but the resource consumption in the whole dynamic cycle.

In the US, do these rich people hate recycling and hate to change their shoes?

My survey of millionaires in the United States is contrary to this assumption: 70% of the surveyed millionaires have changed their shoes to the bottom.

When buying shoes, most of the millionaires are not sensitive to the initial cost, that is, the initial price of shoes, and are more concerned about quality.

These people who are very sensitive to quality define the quality according to the use cost.

A millionaire said, "my" Elton "flat shoes have been worn for over 10 years, and have been replaced by two times.

Calculate its dynamic cycle cost.

I spent 100 dollars on these shoes, two times for them, and 50 dollars for each time.

In my 10 years with Elton shoes, I wore it for about 1600 days.

The cost of going out of my pocket is 200 dollars plus 20 dollars for the shoes, the total cost is 220 dollars.

The cost of 220 dollars in 1600 days is less than I4 cents per day.

Let me tell you how much my more than 10 year old son spends on shoes.

He wears about 6 pairs of "Nike" or "Adidas" every year.

The life of each pair of shoes is about 80 days to 100 days.

The cost of each pair of shoes is between $65 and $85.