11 Frugal Habits of the Rich Infographic
You often see stories in the news about celebrities going out and spending more money than most make in a lifetime on houses, cars, boats, and other lavish things. As it turns out, this might not be the most responsible way to live!
The 11 Frugal Habits of the Rich Infographic shows us some interesting ultra rich people who actually make some frugal life choices (which might help explain how they become so rich in the first place). There are some valuable lessons here, no matter how much disposable income you have!
What would your weekly supermarket run look like if you had a billion in the bank? For oil magnate T. Boone Pickens, grocery shopping is less extravagant than you might expect: composing a strict shopping list and taking no more cash with him than the list dictates. The billionaire applies more discipline to his big shop than most of us despite a financial buffer zone that would cover 300,000 jobseeker’s allowances for a year. Of course, what he writes on that list may well be astonishingly expensive, but the point is that Boone – like many others among the rich and famous – does not use his infinite chequebook as a license to splurge. Enjoy this infographic from guarantor loans lender buddy loans.
Just a glance at Mark Zuckerberg tells you all you need to know about the Facebook founder’s attitude towards extravagance. His simple T-shirt and jeans get-up and Acura TSX entry-level motor are hardly befitting a modern-day prince. Michael Bloomberg keeps a similarly austere wardrobe despite being a billionaire twenty-six times over. The business mogul and former New York mayor wore the same two pairs of shoes for an entire decade – preferring occasional visits to his cobbler over splashing out on the latest Louis Vuittons.
Perhaps it’s not all about saving money or a disinterest in spending it: for some folk, there may be a sense of wistful longing for the products and habits enjoyed in leaner times. Russian oligarch Alexander Lebedev, for example, opted for a birthday spread of bacon lard and vodka despite a £750m bank balance just crying to be squandered on, well, something nicer. We can only speculate that these were comfort food throwbacks to his youth. And might Elon Musk, who famously lived on a dollar a day while working up to his first million, ever sneak into the kitchen for a nostalgic two course meal of hot dogs and oranges – his staple diet in the good old days before all that boring wealth accumulated itself?
For a rundown on some of the other eccentric spendthrifts hoarding their cash while the rest of us experience pangs of guilt at the thought of supersizing our take-out coffees, run your eyes over this fabulous infographic, while fantasizing about what you’d do with all that dough. After all, fantasies don’t cost a thing.