Headline : I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

Read more from the original article on here at finance.yahoo.com.

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James Baldwin famously said, “Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.”

In January 2014, long after the Great Recession but before the pandemic, author Barbara Ehrenreich penned the book, “It is Expensive to be Poor,” talking about all the things poor people spend money on that rich people don’t.

Many of these things, according to one financial advisor, are fees that the rich can avoid, while the middle class and poor fall prey to unnecessary costs. Other expenses are related to wise investment practices.See: 8 Things the Rich Spend Money on That Poor and Middle Class People Don’tAlso: 7 Things the Middle Class Spends Money on That Hurts Their Chances of Being Rich

Read more from the original article on here at finance.yahoo.com.

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