TOP 2023 Warren Buffett's FRUGAL LIVING Habits YOU Need To START ASAP
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here are the top 2023 Warren Buffett's frugal living habits you need to start right now.
1. don't buy the fanciest car.
I know that most of you guys getting so excited when you see the massive collections of rare vehicles from the richest people. but Warren Buffett instead shows off his frugal living habits. as of 2014, he only drives a forty-five thousand dollar Cadillac XTS. he told Forbes, the truth is I only drive about 3 500 miles a year .so, I will buy a new car very infrequently.
2. stick to No Name purchases.
you think Warren Buffett would walk around in a Louis Vuitton suit. right? well, listen to what he told CNBC. it's been a long time since I got compliments on how I looked. but, since I am wearing Madame Lee's suits, I get compliments all the time. it's likely you haven't met Madame Lee, because she's a small-time sewer whom he met in China. Sometimes the best isn't a brand-name product.
3. enjoy inexpensive hobbies.
it may be a wonder how Warren Buffett has made it through several economic downturns, and still enjoys every second of his life. well, the secret may be in his choice of hobbies. according to the Washington Post interview from 2017, you may catch Warren Buffett playing the card game Bridge, for up to eight hours a week. and I'll tell you, a deck of cards is very cheap
4. realize the danger of too much stuff.
it's easy to get lost in consumerism. considering how easy it is to buy things now. but Warren Buffett has this interesting thing to say. too often, a vast collection of possessions ends up possessing its owner. these powerful words are a great Frugal Living Habit to live by.
5 .invest in yourself.
there's a reason why the famous investor Warren Buffett says to invest in yourself. anything you do to improve your own talents and make yourself more valuable will get paid off in terms of appropriate real purchasing power. I don't know about you. but this seems like excellent Frugal Living advice to me. let us know in the comments below if you think investing in yourself is one of the best frugal living habits.
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00:00 Buy a home within your means.
00:05 Don't buy the fanciest car
00:34 Stick to No Name purchases
01:01 Enjoy inexpensive hobbies
01:28 Realize the danger of too much stuff.
01:48 Invest in yourself.
02:15 Stop impulse buying
02:39 Don't invest with borrowed money.
02:58 Don't spoil your kids with material things.
03:38 He pays with cash, 98% of the time.
Finance Break - Frugal living habits
