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11 Frugal Habits Of The Super Rich

11 Frugal Habits Of The Super Rich

 

Via: BuddyLoans

 

17 Comments

  1. Very interesting to see. Not every decision is mad dependent on how much money you have in the bank. Even these top CEO’s live well under their means, something I am very fond of.

    1. Just goes to show you that living below your means is a key factor in building wealth, no matter what stage in life you are. Thanks for the comment.

  2. Liked how you put these in an info graphic. Do you feel that you would do the same habits if you were a millionaire?

    I think I’d at least let my children have real plates at their wedding haha.

    1. Thanks, I think its easier and more fun to read in the info graphic too. Haha good call on that one Duke. I do believe I would still live pretty frugally. I’m not one to flash around money or fake having a status. Probably a better feeling to be humble about it anyway. However, if I was that well off, I would for sure give more to charity. As always, thanks for the comment.

  3. It’s amazing to see how many wealthy people live such a frugal life. I don’t know if they have any expensive habits that I don’t know about. But showing off their wealth or feeling entitled doesn’t seem to be their priority based on the graphic above.

    1. I agree. I’m sure they may have something they like to spend their money on, everyone does. But frugality seems to be the key. And It’s nice seeing people not flaunt it around. Thanks for your comment!

  4. I read a biography on Elon Musk and it’s fascinating all the things that he did along the way including living on a $1 a day. It seems like all of the people on this list made some type of sacrifice along the way. Definitely a great reminder that it’s not always easy to climb the ladder without making a sacrifice or two.

    1. Wow, living on $1 a day seems crazy. But that is what separates the good from the great. And the great know their sacrifices are going to be well worth it in the end when they achieve their goals.

  5. I love the post and I also like the graphics. I think it’s good advice all around, although I must admit that I struggle with #8. I eat out way too much. But, by and large, I think if we all followed the advice in your post, we will definitely be in a much better financial place.

    1. I agree! I eat out way too often. It’s my one time to get out of the office and have some me time. But I budget for it and allocate my money. Still have to do what you enjoy as long as your are mindful of it. As always, I appreciate the comment.

  6. Such a great post. Amazing graphics. Didn´t know that Elon lived for only $1 a day. That´s insane. However, I find it quite funny that jobs is one the list. Yes, he didn´t care about money and wanted minimal salary while being CEO for Apple, but for some weird reason he wanted insane amounts of options worth more than $1 000 000.

    But it´s great to see that the people we admire know have been “normal persons” before. Something to keep focus on while building our own lives -> Hard work leads to success, not the other way around.

    1. Yeah it is quite funny seeing how the the other half live and it’s surprisingly not that different apparently. My favorite is reading some of the Buffett stories. The one said he took Bill Gates to lunch at McDonalds and paid with coupons haha.

  7. This is why starting anything is so hard. Initially growth will be slow because as an entrepreneur or businessman, you’re base is small. But once your company becomes semi-big, exponential growth takes over.

    1. That is true. Every company had to start somewhere at small scale before getting the growth and logistics worked out. Once it gets big enough then everyone wants a piece and they will flock to the company. Thanks for your comment.

    1. I heard Ikea is planning on opening their own restaurant. People seem to love the food already so that may turn into another great business venture for them. Will be interesting to see how it plays out.

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