Billionaire tech entrepreneur Mark Cuban gave suggestions on how to maximise money which might be surprising based on how simple it is. His excellent saving strategy involves buying toothpaste in bulk!
In an interview with Vanity Fair, Mark Cuban said it is challenging to make a return on regular investments. So, a way for a person to have an immediate return on a person's is only to purchase two years' worth of toothpaste when it's on a discount.
He used toothpaste as an example to encourage people to apply this strategy to any reusables or consumables that people require on a daily basis. When such products are being sold at a considerable discount or are part of a huge sale on stores such as Amazon, a person should buy those, because chances are, their prices may increase in the future. In this way, a person can have real savings that they get to put in their pockets. That makes a lot of sense because a person is going to need these items eventually, so it is sensible to stock up while the price is at its lowest.
Among other tips and tricks for getting rich, he also recommended never using credit cards, saving up six months’ worth of income and negotiating hard using cash.
"I tell people all the time if you're out, and you're going to take a yoga class, and they want to charge you $30, say look, ‘I got $20. You know what? They're gonna take it. Negotiating with cash is a far better way to get a return on your investment," he said.
