Saturday, April 9, 2011

Secrets of Billionaires Who Live WAY Below Their Means

This post gives you a closer look at guys like Warren Buffett, Rick Warren and Carlos Helu...and how they don't spend money.
      You'll want to read the post in full (Thanks, Go Frugal Blog!), but here are a few of their often-practiced notions:

*They don't eat all the time at expensive restaurants. In fact, they eat at home a lot. (Helu spends every Monday supper with his children and grandchildren.) Buffett is a notoriously picky eater, often preferring french fries and burgers to anything fancier. Simpler foods = simpler choices = less overall expense. And that adds up.


*They live in the same modest house purchased decades ago -- at a much more modest price. Sure, the houses are palatial...but five or six bedrooms provide plenty of space for these millionaires.

*They drive used, well-maintained (because they're old!) vehicles. And they drive them themselves. 

*Money is not the most important thing in their lives. In fact, Rick Warren actually paid back the comfortable salary he earned as a senior pastor, some twenty-five years worth!


*They find value from the use of their time and accomplishments...not just their financial status. (Though they're careful about that, too.)

Can we lesser-spenders take advantage of some of these 'secrets?' You bet!

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