Beating Debt Alliance

What Can We Learn from Frugal Billionaires

Saturday, July 24, 2010

I just recently read an article on billionaires who live frugally. It’s a fascinating read. Although I’m sure that ‘frugal’ to them might be a little different than ‘frugal’ is for you and me. But, the message is fairly clear. These people, admittedly among the richest in the world, have decided that spending money is not necessarily fun, nor does it bring happiness.

A quote from Warren Buffett (estimated worth = billion) was really to the point. “Most toys are just a pain in the neck.”

What can we learn from Mr. Buffett and his friends? That once you get beyond certain of life’s basic needs (food, shelter) many other possessions donR