6. They Buy Into Fads
All of the products you see “As Seen on TV” are targeted at the middle class. Whether it’s toys, cleaning products, or gadgets, middle-class people have the expendable income to buy these items, even if they don’t need them. That is especially true if they have kids going to come from school, declaring that every other kid in their class has a certain toy. The problem is that while these little toys may seem cheap, the expenses build up until, ultimately, people have built a life of trends and have rooms full of junk that is no longer trendy.
People in the lower class usually cannot buy into these fads, and people in the upper class typically recognize that the vast majority of these things are a massive waste of money. Self-made millionaires know how to spend their money wisely. They look for items they want, rather than what everyone else is buying, and choose to invest and save rather than waste money on junk. More significantly, those who are careful enough with their money to get to the top often become the trendsetters that other people follow. Would you rather be someone who sets the trends or someone who merely follows them?