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#1

Posted 04 April 2010 - 07:37 AM

Blackseal
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At least once in your life - maybe even once a week or once a day for that matter - you have fantasized about coming into a lot of money. What would you do if you were worth millions or even billions? Believe it or not there are millionaires and billionaires among us who masquerade as relatively normal, run-of-the-mill people. Take a peek at some of the most frugal wealthy people in the world.


Warren Buffett


Millions of people read Buffett's books and follow his firm, Berkshire Hathaway's, every move. But the real secret to Buffett's personal fortune may be his penchant for frugality. Buffett, who is worth an estimated $47 billion, eschews opulent homes and luxury items. He and his wife still live in their modest home in Omaha, Nebraska which they purchased for just $31,500 more than 50 years ago.


Although he's dined in the best restaurants around the globe, given the choice he would opt for a good burger and fries accompanied by a cold cherry Coke. When asked why he doesn't own a yacht he responded "Most toys are just a pain in the neck." (Find out how he went from selling soft drinks to buying up companies and making billions of dollars.


Carlos Slim

While most of the world is very familiar with Bill Gates, the name Carlos Slim rarely rings a bell. But it's a name worth knowing. Slim, who is a native of Mexico, was just named the world's richest billionaire that's right, richer than the uber-famous Microsoft founder. Slim is worth more than $53 billion and while he could afford the world's most extravagant luxuries he rarely indulges. He, like Buffett, doesn't own a yacht or plane and he has lived in the same home for over 40 years.


Ingvar Kamprad

The founder of the Swedish furniture phenomenon Ikea struck success with affordable, assemble-it-yourself furniture. For Kamprad, figuring out how to save money isn't just for his customers, it's a high personal value. He's been quoted as saying "Ikea people do not drive flashy cars or stay at luxury hotels." That goes for the founder as well. He flies coach for business and when he needs to get around town locally he either takes the bus or will head out in his 15-year-old Volvo 240 GL.


Chuck Feeney


Growing up in the wake of The Depression as an Irish-American probably has something to do with Feeney's frugality. With a personal motto of "I set out to work hard, not get rich," the co-founder of Duty Free Shoppers has quietly become a billionaire but even more secretively given almost all of it away through his foundation, Atlantic Philanthropies. In addition to giving more than $600 million to his alma mater Cornell University, he has given billions to schools, research departments and hospitals.


Loath to spend if he doesn't have to, Feeney beats both Buffett and Kamprad in the donation category, giving out less grants than only Ford and the Bill and Melinda Gates Foundations. A frequent user of public transportation, Mr. Feeney flies economy class, buys clothes from retail stores, and does not wast money on an extensive shoes closet, stating "you can only wear one pair of shoes at a time". He raised his children in the same way; making them work the same normal summer jobs as most teens.


Frederik Meijer


If you live in the Midwest chances are good that you shop at Meijer's chain of grocery stores. Meijer is worth more than $5 billion and nearly half of that was amassed when everyone else was watching their net worth drop in 2009. Like Buffett he buys reasonably-priced cars and drives them until they die, and like Kamprad he chooses affordable motels when on travel for work. Also, like Chuck Feeney, rather than carelessly spending his wealth Mr. Meijer is focused on the good that it can provide to the community.


The Bottom Line


The dirty little secret of some of the world's wealthiest people is that they rarely act like it. Instead of over-the-top spending, they're busy figuring out how to save and invest to have that much more in the future. It's a habit you might want to consider in order to build up your own little storehouse of cash.



#2

Posted 04 April 2010 - 08:10 AM

Mrlau
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cannot be lah, like that how to show they are successful and better than others ?

#3

Posted 04 April 2010 - 08:15 AM

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cannot be lah, like that how to show they are successful and better than others ?



But it's the truth....The Ikea founder is the best example nod.gif

#4

Posted 04 April 2010 - 09:33 AM

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cannot be lah, like that how to show they are successful and better than others ?



Go read the book "millionaire next door". You will be surprised by the findings. Most millionaires are frugal and live below their means. Those who are flashy with big cars, big yachts and big houses are people selected by media to sell newspapers and magazines. Generally most millionaires do not behave that way.



#5

Posted 04 April 2010 - 09:44 AM

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Moral of the story, to be one of the world richest man, find a wife who don't want branded handbags, don't want 5 star hotel stay and willing to take public transport!

#6

Posted 04 April 2010 - 10:48 AM

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But it's the truth....The Ikea founder is the best example nod.gif


I support IKEA furniture, even though it makes someone richer. knife.gif

#7

Posted 04 April 2010 - 11:57 AM

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cannot be lah, like that how to show they are successful and better than others ?


Need to show off how successful you are meh? People who are really rich will not show but those who try to flash their wealth are merely trying to boost their low ego/self-esteem but in fact their pockets are all empty.

#8

Posted 04 April 2010 - 11:59 AM

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cannot be lah, like that how to show they are successful and better than others ?


erm..dont need to... they let their bank statements do all the showing...

and unlike asians, there are no 'face' issues....that the richer must have better things

Edited by Karoon, 04 April 2010 - 12:03 PM.


#9

Posted 04 April 2010 - 02:17 PM

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Need to show off how successful you are meh? People who are really rich will not show but those who try to flash their wealth are merely trying to boost their low ego/self-esteem but in fact their pockets are all empty.


Fully agreed.....These people may not that rich after all.
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#10

Posted 04 April 2010 - 03:10 PM

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You measure wealth by how much you treat money like manure.

This is more or less taken from Hello Dolly musical. In your hands, money is filthy like manure but if you know where to throw it around, it helps other people grow when it is needed.
Men are like oysters, closed to suffering.
http://www.spritmoni...ail/264162.html

#11

Posted 04 April 2010 - 03:27 PM

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Moral of the story, to be one of the world richest man, find a wife who don't want branded handbags, don't want 5 star hotel stay and willing to take public transport!



If not you end up like a sucker, work and save so hard and money all gana use up... laugh.gif

#12

Posted 04 April 2010 - 04:49 PM

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Take what you read with a pinch of salt. They may be spending their money on other stuffs they found worthy.
Maybe instead of buying a lousy sports car or yatch, they rather get a truckload of fine wine.

#13

Posted 04 April 2010 - 05:21 PM

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Take what you read with a pinch of salt. They may be spending their money on other stuffs they found worthy.
Maybe instead of buying a lousy sports car or yatch, they rather get a truckload of fine wine.


Yup, they probably have other unconventional indulgence...
Why? Why? Why? Why so much red tape?

#14

Posted 04 April 2010 - 05:34 PM

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At least once in your life - maybe even once a week or once a day for that matter - you have fantasized about coming into a lot of money. What would you do if you were worth millions or even billions? Believe it or not there are millionaires and billionaires among us who masquerade as relatively normal, run-of-the-mill people. Take a peek at some of the most frugal wealthy people in the world.


Warren Buffett


Millions of people read Buffett's books and follow his firm, Berkshire Hathaway's, every move. But the real secret to Buffett's personal fortune may be his penchant for frugality. Buffett, who is worth an estimated $47 billion, eschews opulent homes and luxury items. He and his wife still live in their modest home in Omaha, Nebraska which they purchased for just $31,500 more than 50 years ago.


Although he's dined in the best restaurants around the globe, given the choice he would opt for a good burger and fries accompanied by a cold cherry Coke. When asked why he doesn't own a yacht he responded "Most toys are just a pain in the neck." (Find out how he went from selling soft drinks to buying up companies and making billions of dollars.


Carlos Slim

While most of the world is very familiar with Bill Gates, the name Carlos Slim rarely rings a bell. But it's a name worth knowing. Slim, who is a native of Mexico, was just named the world's richest billionaire that's right, richer than the uber-famous Microsoft founder. Slim is worth more than $53 billion and while he could afford the world's most extravagant luxuries he rarely indulges. He, like Buffett, doesn't own a yacht or plane and he has lived in the same home for over 40 years.


Ingvar Kamprad

The founder of the Swedish furniture phenomenon Ikea struck success with affordable, assemble-it-yourself furniture. For Kamprad, figuring out how to save money isn't just for his customers, it's a high personal value. He's been quoted as saying "Ikea people do not drive flashy cars or stay at luxury hotels." That goes for the founder as well. He flies coach for business and when he needs to get around town locally he either takes the bus or will head out in his 15-year-old Volvo 240 GL.


Chuck Feeney


Growing up in the wake of The Depression as an Irish-American probably has something to do with Feeney's frugality. With a personal motto of "I set out to work hard, not get rich," the co-founder of Duty Free Shoppers has quietly become a billionaire but even more secretively given almost all of it away through his foundation, Atlantic Philanthropies. In addition to giving more than $600 million to his alma mater Cornell University, he has given billions to schools, research departments and hospitals.


Loath to spend if he doesn't have to, Feeney beats both Buffett and Kamprad in the donation category, giving out less grants than only Ford and the Bill and Melinda Gates Foundations. A frequent user of public transportation, Mr. Feeney flies economy class, buys clothes from retail stores, and does not wast money on an extensive shoes closet, stating "you can only wear one pair of shoes at a time". He raised his children in the same way; making them work the same normal summer jobs as most teens.


Frederik Meijer


If you live in the Midwest chances are good that you shop at Meijer's chain of grocery stores. Meijer is worth more than $5 billion and nearly half of that was amassed when everyone else was watching their net worth drop in 2009. Like Buffett he buys reasonably-priced cars and drives them until they die, and like Kamprad he chooses affordable motels when on travel for work. Also, like Chuck Feeney, rather than carelessly spending his wealth Mr. Meijer is focused on the good that it can provide to the community.


The Bottom Line


The dirty little secret of some of the world's wealthiest people is that they rarely act like it. Instead of over-the-top spending, they're busy figuring out how to save and invest to have that much more in the future. It's a habit you might want to consider in order to build up your own little storehouse of cash.


Haha. knn....

billionaire liao how to live over their means? Very difficult man!


#15

Posted 04 April 2010 - 05:39 PM

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buy a planet?

#16

Posted 04 April 2010 - 06:00 PM

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Haha. knn....

billionaire liao how to live over their means? Very difficult man!


WRONG!

dis billygoats, they just too 'pan dang' or they just know too much too well
if yr car get you kana big 4D - will you sell it?
likewise, if yr lodge secure you from rags to riches - then it has the best feng shui - so the appreciator will never never leave that spot, & even wanna die in it.
why gates is still alive to date - he could have died long ago if not for his charity foundations - same as the rest . . . . .

cheers!

#17

Posted 04 April 2010 - 07:33 PM

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WRONG!

dis billygoats, they just too 'pan dang' or they just know too much too well
if yr car get you kana big 4D - will you sell it?
likewise, if yr lodge secure you from rags to riches - then it has the best feng shui - so the appreciator will never never leave that spot, & even wanna die in it.
why gates is still alive to date - he could have died long ago if not for his charity foundations - same as the rest . . . . .

cheers!


wtf are you talking about -.-

boh link?



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