Frugality is a subjective term. It could mean eating meals at home or scouring the internet for cheap flights to the average Joe. But to a billionaire, it means showing up to work in a T-shirt and jeans, driving a Toyota or Volkswagen, and, in some instances, preceding the purchase of a private jet or lavish vacation home.
Sometimes it’s hard not to believe that life would be better if we had unlimited funds. Those student and credit card loans would be paid off in just an instant instead of months or years, and a sun-soaked vacation would be available at the drop of a hat.
We all dream of that “pie in the sky” goal of someday making millions and never having to work another day in our lives. While it may be fun to dream, it’s incredibly difficult to achieve financial stability to the point where one is taking home millions.
10. Mark Cuban
Dallas Mavericks owner and businessman Mark Cuban is a business owner. His philosophy on getting rich He will never forget the stories of his 20s, in which he succeeded at living inexpensively by relying primarily on shared housing. He tells a story about his youth in which the boy made use of the floor and sofa sleeping to save money.
9. Michelle Obama
For the duration of her time at the White House, Michelle Obama paid for her purchasing by checking out stores whose items were known to cost reasonably. She often opted for low prices in discount stores. For example, on NBC’s Today show, she sported a $35 dress from a party-wear clothing store named H&M.
8. Ingvar Kamprad
The founder of IKEA, an omnipresent furniture seller, had what he preached in mind when he created the assembly-yourself products his company sells. Rather than travelling via first-class class and piloting a 20-year-old Volvo, he flew coach and drove a 20-year-old vehicle.
7. Kristen Bell
Actress Kristen Bell and actor Dax Shepard opted to forgo the $800 destination wedding many well-known couples choose, having that destination wedding at a local courthouse instead. As a result, the total cost for their nuptials: is $142. Bell is also a regular coupon clipper.
6. Carlos Slim
Carlos Slim, the Mexican businessman, is typically seen on television. Lists of the world’s wealthiest people, You will not see his home on a list of celebrity homes. His net worth is estimated at around $60 billion, but he has lived in that same house for more than 40 years.
5. Sarah Michelle Gellar
Buffy, the Vampire Slayer’s role as the Shakespearean ballerina in Mistress, is well known. However, despite the company of her amazing relevé, she is known to shop at Whole Foods Market only if the alien fruit or vegetables are mysteriously on sale. She also states that she brings her shopping bags to save money.
4. Dave Grohl
Grohl’s endeavours for Nirvana and the Foo Fighters have rendered his net worth estimated at $280 million. However, Grohl does not prefer his spending by telling Rise of the reports that he drives a family car. Grohl told The Guardian that he learned that budgeting kills you after his mother got sick while paying the family’s taxes.
3. Sarah Jessica Parker
Parker’s journey to fame and fortune is one of the many. Celebrity rags-to-riches stories. As detailed by The New York Times, she grew up as one of eight children who grew up in a poor home.
Parker has kept her frugal ways despite extensive fame and fortune. And she’s passing on her standards to her children. For instance, she’s dressed her son in clothing passed down by her sons’ nephews.
2. Mark Zuckerberg
Although you may think this about what rich people do, the Facebook founder has been seen driving an Acura, worth around $30,000, for years. Zuckerberg also wears jeans and a T-shirt nearly every day, despite a fantastic net worth of over $73 billion. A net worth of over $73 billion.
1. Warren Buffett
According to Forbes, the Oracle of Omaha is worth over $80 billion, making him one of the ten wealthiest people in the world. Yet, he lives a very frugal lifestyle.
Buffett is a living lesson in how to live frugally, which he has demonstrated by living in the same place he bought in 1958. Maybe on February 9, 2014, he told Berkshire Hathaway shareholders that on the $31,500 he paid for his house, he and his family gained 52 years of marriage and wonderful memories just waiting to unfold.