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Yahoo
19-05-2025
- Business
- Yahoo
2 Ways Billionaires Budget Differently Than You — and What You Can Learn
Ever wonder how billionaires manage their money? Spoiler: it's not with coupon books or by skipping lattes. While most of us are focused on trimming expenses, the ultra-wealthy approach budgeting from a totally different angle — one that prioritizes growth, strategy and long-term vision. Trending Now: Explore More: 'While most people stress about saving $5 on coffee, billionaires are looking at ways to turn $1 million into $10 million,' said Andrew Lokenauth, money expert and owner of 'A billionaire client at a previous bank I worked at spends exactly $0 time tracking small expenses,' he noted. 'Instead, he's laser-focused on major wealth-building moves. And that's the first big difference I see — they're playing an entirely different game.' According to NPR, the U.S. has the most billionaires with 902, followed by China and Hong Kong at 516. But you don't need a private jet to borrow a few of their best habits. Here's what billionaires do differently with their budgets — and how you can apply those lessons to your own financial life. According to Kevin Shahnazari, founder and CEO of FinlyWealth, they focus on a long-term strategy with wealth accumulation and protection as their top priorities instead of covering immediate costs. Unlike most folks who focus on covering day-to-day expenses first, billionaires tend to think way ahead. Their budgets are all about growing their wealth over time. They pour money into things that gain value — like real estate, stocks and businesses — and aren't shy about hiring professionals to help them make the most of their money. Be Aware: One big thing that sets billionaire budgets apart? They zoom out and see the big picture. Instead of stressing over monthly bills, they focus on growing their wealth through smart moves like diversifying their investments and taking advantage of tax-friendly strategies. The takeaway for the rest of us? Budgeting isn't just about cutting costs — it's also about making intentional choices that support your long-term goals. That could mean putting money into things with higher returns, like the stock market or real estate, or even investing in yourself to boost your earning potential. Billionaires also lean on a whole team of money experts like financial planners, accountants and advisors to help them make solid decisions. While most of us don't have a squad on speed dial, working with a trusted advisor can be a great way to get tailored advice and plan smarter. The bottom line: When you adopt a long-term mindset and think like a wealth-builder, your money starts working for you — not the other way around. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? The Most Expensive Disney Merchandise Ever Sold -- and Who's Buying It I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money Andrew Lokenauth, BeFluentInFinance. NPR, 'More billionaires than ever ranked in Forbes' annual list. Here are the top 10' Kevin Shahnazari, FinlyWealth This article originally appeared on 2 Ways Billionaires Budget Differently Than You — and What You Can Learn
Yahoo
19-05-2025
- Business
- Yahoo
2 Ways Billionaires Budget Differently Than You — and What You Can Learn
Ever wonder how billionaires manage their money? Spoiler: it's not with coupon books or by skipping lattes. While most of us are focused on trimming expenses, the ultra-wealthy approach budgeting from a totally different angle — one that prioritizes growth, strategy and long-term vision. Trending Now: Explore More: 'While most people stress about saving $5 on coffee, billionaires are looking at ways to turn $1 million into $10 million,' said Andrew Lokenauth, money expert and owner of 'A billionaire client at a previous bank I worked at spends exactly $0 time tracking small expenses,' he noted. 'Instead, he's laser-focused on major wealth-building moves. And that's the first big difference I see — they're playing an entirely different game.' According to NPR, the U.S. has the most billionaires with 902, followed by China and Hong Kong at 516. But you don't need a private jet to borrow a few of their best habits. Here's what billionaires do differently with their budgets — and how you can apply those lessons to your own financial life. According to Kevin Shahnazari, founder and CEO of FinlyWealth, they focus on a long-term strategy with wealth accumulation and protection as their top priorities instead of covering immediate costs. Unlike most folks who focus on covering day-to-day expenses first, billionaires tend to think way ahead. Their budgets are all about growing their wealth over time. They pour money into things that gain value — like real estate, stocks and businesses — and aren't shy about hiring professionals to help them make the most of their money. Be Aware: One big thing that sets billionaire budgets apart? They zoom out and see the big picture. Instead of stressing over monthly bills, they focus on growing their wealth through smart moves like diversifying their investments and taking advantage of tax-friendly strategies. The takeaway for the rest of us? Budgeting isn't just about cutting costs — it's also about making intentional choices that support your long-term goals. That could mean putting money into things with higher returns, like the stock market or real estate, or even investing in yourself to boost your earning potential. Billionaires also lean on a whole team of money experts like financial planners, accountants and advisors to help them make solid decisions. While most of us don't have a squad on speed dial, working with a trusted advisor can be a great way to get tailored advice and plan smarter. The bottom line: When you adopt a long-term mindset and think like a wealth-builder, your money starts working for you — not the other way around. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? The Most Expensive Disney Merchandise Ever Sold -- and Who's Buying It 10 Genius Things Warren Buffett Says To Do With Your Money Andrew Lokenauth, BeFluentInFinance. NPR, 'More billionaires than ever ranked in Forbes' annual list. Here are the top 10' Kevin Shahnazari, FinlyWealth This article originally appeared on 2 Ways Billionaires Budget Differently Than You — and What You Can Learn
Economic Times
02-05-2025
- Business
- Economic Times
Brothels, strip clubs, and online dating all see revenue drops, unusual economic signals point to deeper trouble ahead
When Business Slows in the Brothel Live Events The Stripper Index What a Decline in Online Dating App Subscriptions Reveals FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel While Wall Street analysts study inflation charts and the stock market for signs of a recession, a warning sign of a different sort is forming far from the trading floor, it is appearing in brothels, strip clubs, and dating sites, as per a De Noire, a European legal brothel manager, has highlighted that whenever business at her brothel unexpectedly falls, she considers it a sign that the economy is in trouble, as per though her brothel is in Europe, the economic condition in the United States 'triggers huge uncertainty' across other countries due to America's global influence, according to the report. De Noire revealed that she saw a drop in business just after US president Donald Trump won in November 2024, as Americans and the rest of the world anticipated upheaval, reported to De Noire, the 'huge dip' in earnings at her brothel this year is because customers are insecure about the economy, as per HuffPost. She said, 'There are significantly fewer clients coming in, and the sex workers are reporting noticeably lower earnings,' quoted explained that people are saving money or reallocating their spending toward things that are more essential, mostly because they're preparing for challenging times ahead, reported legal brothels in the United States are also feeling the financial strain, as per the report. A data analyst and founder of Andrew Lokenauth pointed out that revenue at legal brothels in Nevada is down by about 20% since last quarter, as per the report. Andrew said, 'My research shows this correlates strongly with discretionary spending trends,' indicating a recession is likely, reported a certified public accountant and finance expert, avid Kindness said, 'The 'stripper index' is one of those odd but oddly effective indicators' of economic health, quoted HuffPost. He explained that the index tracks how much strippers are earning and how often customers go to strip clubs, reported to the report, strip club revenue in Vegas has fallen nearly 12%, "which could indicate we are headed for a recession," said Lokenauth, as per said, 'When tips slow down and foot traffic thins out, it often means people are holding onto their extra cash,' as quoted in the way people date is also proving to be a surprising window into the economy. As more people are turning to dating apps, fewer are spending on going out, as per HuffPost. Paid subscriptions are down, and free or lower-tier app use is up roughly 12%, "indicating social and financial stress,' said data analyst Kevin ShahnazariLokenauth said that the rise in the use of online dating apps can be a sign that "people are looking for 'cheaper entertainment and companionship instead of expensive nights out,' adding, 'I've tracked this metric for years, and it's scarily accurate,' quoted HuffPost.A term used to describe how brothel business activity can reflect broader economic it's a luxury people cut when they're worried about money.
Time of India
02-05-2025
- Business
- Time of India
Brothels, strip clubs, and online dating all see revenue drops, unusual economic signals point to deeper trouble ahead
Tired of too many ads? Remove Ads When Business Slows in the Brothel Tired of too many ads? Remove Ads Popular in International The Stripper Index What a Decline in Online Dating App Subscriptions Reveals FAQs While Wall Street analysts study inflation charts and the stock market for signs of a recession, a warning sign of a different sort is forming far from the trading floor, it is appearing in brothels, strip clubs, and dating sites, as per a De Noire, a European legal brothel manager, has highlighted that whenever business at her brothel unexpectedly falls, she considers it a sign that the economy is in trouble, as per though her brothel is in Europe, the economic condition in the United States 'triggers huge uncertainty' across other countries due to America's global influence, according to the report. De Noire revealed that she saw a drop in business just after US president Donald Trump won in November 2024, as Americans and the rest of the world anticipated upheaval, reported to De Noire, the 'huge dip' in earnings at her brothel this year is because customers are insecure about the economy, as per HuffPost. She said, 'There are significantly fewer clients coming in, and the sex workers are reporting noticeably lower earnings,' quoted explained that people are saving money or reallocating their spending toward things that are more essential, mostly because they're preparing for challenging times ahead, reported legal brothels in the United States are also feeling the financial strain, as per the report. A data analyst and founder of Andrew Lokenauth pointed out that revenue at legal brothels in Nevada is down by about 20% since last quarter, as per the report. Andrew said, 'My research shows this correlates strongly with discretionary spending trends,' indicating a recession is likely, reported a certified public accountant and finance expert, avid Kindness said, 'The 'stripper index' is one of those odd but oddly effective indicators' of economic health, quoted HuffPost. He explained that the index tracks how much strippers are earning and how often customers go to strip clubs, reported to the report, strip club revenue in Vegas has fallen nearly 12%, "which could indicate we are headed for a recession," said Lokenauth, as per said, 'When tips slow down and foot traffic thins out, it often means people are holding onto their extra cash,' as quoted in the way people date is also proving to be a surprising window into the economy. As more people are turning to dating apps, fewer are spending on going out, as per HuffPost. Paid subscriptions are down, and free or lower-tier app use is up roughly 12%, "indicating social and financial stress,' said data analyst Kevin ShahnazariLokenauth said that the rise in the use of online dating apps can be a sign that "people are looking for 'cheaper entertainment and companionship instead of expensive nights out,' adding, 'I've tracked this metric for years, and it's scarily accurate,' quoted HuffPost.A term used to describe how brothel business activity can reflect broader economic it's a luxury people cut when they're worried about money.
