Billionaires, even when they have all of the money in the world to spend, still live within their means. Not all of them are big spenders and flashy like the ones we see in the TVs. In reality, most of them still partake in the frugal living. Surprising, isn’t it? That makes them even more amazing.
I know, you should not listen to advice from just anyone. But billionaires? They’re not just anyone. They are people who have sacrificed and earned their fortune through hard work and intense motivation.
Here are some tips from famous billionaires (and millionaires) that you can apply in your money-saving journey.
“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett
His message is simple–start a business, or invest. No one has ever become extremely rich by just earning one paycheck and making ends meet. You need to have multiple income streams, and the best, yet the risky way is to invest.
“Beware of little expanses; a small leak will sink a great ship.” – Benjamin Franklin
When it comes to spending, don’t go overboard. It’s not about how much money you make, it’s about how much money you keep. Remember, we don’t buy things with money, we buy them with hours of our lives. Think about this before you impulse buy.
“I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger.” – Bill Gates
Yes, being rich is cool, but don’t take it too seriously to the point that you’re sacrificing your health. At the end of the day, health is still the biggest wealth anyone can have. I mean, what would you do with all your money if you’re dead?
“I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” — Jeff Bezos
A small amount of money won’t take you anywhere? Wrong. You can start your business with a small budget. It doesn’t matter how much, when, and where, as long as you get started.
“My philosophy is that if I have any money, I invest it in new ventures and not have it sitting around.” — Richard Branson,
Wealthy people become successful by doing things most people are afraid to do. Take risks. Invest.