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Money-saving secrets from the world's wealthiest people

Sage financial advice courtesy of the thrifty-rich
David Cheriton – if you can't justify a purchase to your parents, don't buy it
David Cheriton – if you can't justify a purchase to your parents, don't buy it
Warren Buffett – small sums compound, so invest every penny you can
Warren Buffett – small sums compound, so invest every penny you can
Mark Zuckerberg – don't waste money on expensive designer gear
Mark Zuckerberg – don't waste money on expensive designer gear
Michael Bloomberg – pay yourself a small salary and top it up with dividends
Michael Bloomberg – pay yourself a small salary and top it up with dividends
Ingvar Kamprad – save cash by sourcing second-hand goods
Ingvar Kamprad – save cash by sourcing second-hand goods
Azim Premji – waste not, want not
Azim Premji – waste not, want not
Sergey Brin – always be on the lookout for ways to save money
Sergey Brin – always be on the lookout for ways to save money
Amancio Ortega – making financial sacrifices pays off in the long-run
Amancio Ortega – making financial sacrifices pays off in the long-run
Frederik Meijer – forget first or business class and fly economy
Frederik Meijer – forget first or business class and fly economy
John Caudwell – spending money extravagantly will not gain you self worth
John Caudwell – spending money extravagantly will not gain you self worth
Chuck Feeney – use public transport when you can
Chuck Feeney – use public transport when you can
Jack Ma – to save money, keep it simple
Jack Ma – Jack Ma – to save money, keep it simple
Jim Walton – drive a sensible, affordable car
Jim Walton – drive a sensible, affordable car
Charlie Ergen – save a small fortune by packing your lunch
Charlie Ergen – save a small fortune by packing your lunch
Manuel Villar – put all the money you can into your business
Manuel Villar – put all the money you can into your business
Carlos Slim – always attempt to negotiate a discount
Carlos Slim – always attempt to negotiate a discount
T. Boone Pickens – buy what you need, not what you want
T. Boone Pickens – buy what you need, not what you want
Jay Leno – have numerous sources of income
Jay Leno – have numerous sources of income
Elon Musk – possessions weigh you down
Elon Musk – possessions weigh you down
John Bogle – downsizing when the time is right can save you a fortune
John Bogle – downsizing when the time is right can save you a fortune
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Sage financial advice courtesy of the thrifty-rich

Don't let the Rich Kids of Instagram fool you. The typical multimillionaire or billionaire doesn't bathe in champagne or use high-value banknotes as toilet paper. In fact, some of the world's richest people live well below their means, opting for lifestyles that are anything but high maintenance and extravagant. Read on as we reveal the super-rich's money-saving habits that lead to a richer life. All dollar values in US dollars and net worths via Forbes, correct as of 28 March 2022. 

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lovemoney staff

28 March 2022

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