Warren Buffett has been a billionaire for ages, but he started from scratch, with zero dollars in his pocket, just like most of us. Buffet made a fortune and entered the golden 1% by following these 5 smartest frugal living habits.
1- Live within your means:
Spend less than you earn to avoid taking on unnecessary debt, prioritize your spending, and cut back on expenses that are not essential.
2- Avoid making impulse purchases:
Warren suggests waiting 24 hours before making any significant purchase to ensure it is a necessary expense.
3- Investing in yourself:
Spend money on things that will help you grow and develop as a person, such as education, training, and personal development programs.
4- Make your own coffee:
Warren is famously frugal when it comes to his coffee habits. He reportedly drinks five cans of Coca-Cola daily but makes his own coffee at home instead of buying expensive coffee from shops.
5- Avoid buying things to impress others:
Do not buy things just to impress others. Warren believes investing in experiences and memories rather than material possessions is the best.
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@sol-dono1235
1 year ago
This makes more sense that "don't spend earned income"
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