Scribner shares four things rich people spend too much money on and what we can learn from their mistakes. 1. Boats or yachts Have you ever maxed out your credit card on a pair of designer jeans ...

So which experiences, specifically, have the super-rich been buying instead of yachts and Birkin bags ... to sports stars in order to attract more people to company conferences.

The world's super-rich spend $22 billion on yachts every year ... On average, each of these UHNW individuals, or people with net assets worth $30 million and above, spends about $1.1 million ...

Read more: From hiding their mansions on Google Maps to building $500,000 panic rooms, rich people are sparing no expense to keep their lives private and secure While stock ownership is usually ...

But what's more surprising than his lack of a yacht is his willingness to call out the people who own them ... ounce of shared sacrifice from the very rich," he added in that same interview.