Everyone should know These money saving tips from Billionaires
Making mistakes with money is a common occurrence in life. We all do it, but those of us who ultimately achieve financial success in life not only make those mistakes, but more importantly, they learn from them
Michael Bloomberg :"Stick with what works best for you"
Michael Bloomberg is well known as one of the most controversial mayors of New York City, and majority shareholder of Bloomberg L.P., an international financial information company. But one thing most people don’t know about Mayor Bloomberg is the fact that for the past 10 years he has only owned two pairs of work shoes. They are both black loafers, and provide the most comfort and functionality for the billionaire. He knows that they are what works best for him and chooses to save his money for other things rather than spend a small fortune on shoes that he will never really wear.
Bill Gates:Learn from your past mistakes.
Making mistakes with money is a common occurrence in life. We all do it, but those of us who ultimately achieve financial success in life not only make those mistakes, but more importantly, they learn from them. Bill Gates, well known as one of the richest people in the world once said, it’s fine to celebrate success, but it is more important to heed the lessons of failure.
Mark Zuckerberg:Simple life
Even the founder of Facebook lives frugally in many ways. One of which is the fact that he drives a modest, $30,000 Acura, entry-level sedan. He could have any car he wanted to drive him from here to there, or a fleet of them for that matter, but instead he chooses this simple and practical vehicle.
Jim Walton:"You don’t always need the latest and greatest."
Walton, youngest son of WalMart founder Sam Walton, lives a frugal life just like his father always taught him. Despite Waltons great fortune, he still drives a pick-up truck which is over 15 years old. He realizes that it is better to get all you can out of your vehicles rather than driving around the flashiest or most expensive one you can get your hands on.
Donald Trump:"Work hard."
Donald Trump attributes all of his success to his work ethic. Many outsiders see Trump as lucky in the world of finance, but Trump says that luck comes from hard work. If your work pays off, which it most likely will, people might say you’re just lucky. Maybe so, because you’re lucky enough to have the brains to work hard! he says.
Li Ka-shing: Live a humble life
This man’s incredible empire spans 52 countries and employs over 270,000, yet he was a school dropout. He attributes his incredible success to living a life that is humble and simple. When you are just starting out, you must teach yourself how to live off less and adapt to a lifestyle that is appropriate and not spectacular.
Warren Buffett:"Buy a home that fits your needs"
Warren Buffet is the classic example of this rule. He still lives in the Omaha, Nebraska home that he bought in 1958 for a mere $31,500. Despite having billions of dollars at his disposal, Buffet finds no reason to live in an enormous mansion just because he can. Instead he is comfortable in his modest 5 bedroom stucco house located in the heart of our nation.