Comments on: The Frugal Billionaire

By: Iva

Iva — Sun, 29 Nov 2009 09:52:49 +0000

I saw a UK documentary about Warren Buffett and it appears that he has the same small house forever and rarely changes is car. When he does buy a new one he get a hail-damaged one. He’s rich because he’s tight with his cash.

By: Steve

Steve — Sun, 19 Apr 2009 02:42:48 +0000

I like Scott’s answer here. I am not interested in certain things (possessions) so No matter my income level at any stage of life, I wouldn’t be spending on those things.However, there are things that are quite important to me , and thats what I would chose to spend my money on. Now , as for wearing shoes from a dumpster, when you have millions or even billions, this is just plain stupid. No one says you need to buy 200.00 or 2,000.00 shoes, but come on , at least buy some shoes right?

By: Adrian

Adrian — Tue, 24 Mar 2009 22:38:21 +0000

@ Bijoy – I am looking forward to reading your blog: The Life of the Frugal Billionaire

By: Bijoy.

Bijoy. — Tue, 24 Mar 2009 18:55:01 +0000

“in my opinion, there’s NO lesson to be learned from a multi-millionaire or billionaire who lives like a miser”

You are wrong. The idea of being frugal just to save money and keep it to yourself is sick. However, that is different from the idea of living the simple life even though you have the means of affording luxry, with the idea of giving away what you have earned to the less fortunate. Warren Buffet pledged 85% of his fortune to charity. But then those who are worried about their own comfort woudln’t understand this or learn anything from billionares who live the simple life.

“one then wonders why you bother with the whole “let’s get rich” thing, anyway?”

Well, who said that was their initial dream? Have they said their dream was to amass wealth? They got rich doing what they did.

A world that truly idolizes luxury will always wonder why people who are wealthy live the simple life.

By: Adrian

Adrian — Fri, 06 Mar 2009 21:12:06 +0000

@ David – Thanks! But, I didn’t just type it: there was a LOT of cutting/pasting and a LITTLE thinking that went into it, as well

By: David

David — Fri, 06 Mar 2009 15:49:24 +0000

excellent post. thanks for typing that. I agree that when you hit the billion dollar mark, the scrimping can stop.

By: Adrian

Adrian — Thu, 05 Mar 2009 22:36:56 +0000

@ Sandy – You see nothing ‘unusual’ about somebody who has over a $1 Billion (and, is earning more at the rate of hundreds of millions a year) who saves the ends of bread?

If you go without, but you can afford it … in my mind that’s the same as going with, but you can’t afford it. Two sides of the same coin.

By: BuD

BuD — Thu, 05 Mar 2009 21:48:24 +0000

I thought Warren Buffett only had his original home until I found out about his one in Irvine Cove, most pricey for Orange County, CA.

By: Sandy

Sandy — Thu, 05 Mar 2009 19:07:29 +0000

I don’t think it’s sick either. It might just have been those same habits that allowed them to amass such large fortunes. Oprah is always saying how she saves things like the ends of bread and uses them somewhere. It’s just a way of thinking and being.

By: timmers

timmers — Thu, 05 Mar 2009 19:06:11 +0000

Perhaps they have discovered the value of simplicity. They seem to be both free of want and free of fear. I am not sure if this is the case with all of them—but I admire their ability to keep desire for things at bay.