Strange Money Habits of Billionaires
I observed in general the world’s top billionaire made their massive fortunes through multiple streams of income. Their secret to financial success is simple enough to replicate: find and turn on as m...
I observed in general the world’s top billionaire made their massive fortunes through multiple streams of income. Their secret to financial success is simple enough to replicate: find and turn on as many money taps as you can manage and soon you’ll be swimming in an entire lake of cash.
In this article, I shall reveal a few strange money habits some of these super-rich folks have.
Interestingly, besides having multiple income streams, a few of them actually opt for a life of frugality instead of flashy extravagance. In all likelihood, they need not worry about their monthly bottom-line anymore but unbelievably, they still take pains to spend carefully. Believe it or not, here’s proof using a few examples:
1) Ikea founder Ingvar Kamprad drives a 15-year-old Volvo, flies economy, avoids expensive suits and eat simply at lower-tier restaurants.
2) Investor Warren Buffet (world’s richest man 2007) lives in the same house he bought for just US$31k nearly 50 years ago instead of building a grandiose mansion with sprawling grounds.
3) British billionaire John Caudwell cycle more than 23 kilometres (14 miles) to work everyday to save cash (probably a few petrol dollars) and stay fit. He even cuts his own hair to save time and that extra few pounds!
4) Indian billionaire Azim Premji, owner of technology giant Wipro, serves food on paper plates in a lunch reception honoring his son’s wedding!
I don’t blame you if you have problems believing how incredibly frugal these billionaires are. If you’re already self-sufficient in cash, try and experience for yourself some of their cash-saving habits. It’s a little nutty but it’s fun!
Otherwise, if you’re hard up on cash, why not learn from their cash-making habits instead. That is, through multiple streams of income.
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ABOUT THE AUTHOR
Kumcheong wrote this article. If you liked it, there’s more where that came from! Visit his Multiple Streams of Income website to start your billionaire dreams, and grab your bonuses at no extra charge.