There are very important things everyone can learn from millionaires. They look very exceptional in terms of finance and wealth. They are the source of inspiration for millions.
These people are life role models to millions of people around the world. We all want to achieve success. I don’t think there would be a single person who would say “I don’t want to be successful“.
The biggest nagging question moving in the minds of people; is to understand why the rich are getting richer and the poor poorer.
In this post, I will share with you some of the things to learn from millionaires to see your dreams come true. You will find much inspiration from them if you study their lifestyles.
There are many millionaires to think of, but here I will share the life of few(4) of them. These people have a lot of money but they live simple lives.
Important Things To Learn From Millionaires
1. Conscious Expenditure
They are wise enough to spend less on rent, cars, and other gadgets. A particular example is Warren Buffett, CEO of Berkshire Hathaway. He is known to have lived in a simple apartment for so long. Again, the Mexican billionaire, Carlos Slim also has the same lifestyle.
The best idea is; so far as you get a comfortable place to lay your head, there is nothing to complain about. A mansion is not all that necessary to them. Though they can buy that over and over again.
2. Savings
As we discuss the things to learn from millionaires; Savings is a major hallmark of their success. They don’t spend too much money on expensive clothes, shoes. Instead, they save for future success and invest to accrue more profits. Their lifestyle is not to live comfortable today but in the future, so they invest in their future. These millionaires save about 25% of their income, invest in things that bring results. Not things like clothes, cars, clothing etc that depreciate.
We must learn from them. Don’t be like those who spend millions of dollars on luxuries and zero dollars on knowledge.
3. Selective Buying
These millionaires prefer the quality of quantity. This makes them enjoy the best products in the market. Buying quality items last longer and saves money from maintenance cost. So you can also go in for quality over quantity.
3. Giving
Giving is a divine responsibility and so they never fail to give. They donate some percentage to orphan centers. However, it is believed that they spend a few of their income on charity. But since that is a genuine act from them; God will surely bless them.
Remember that there are more blessings in giving than receiving.
The moral lesson from these millionaire’s almsgiving shows that you can give but make sure you secure your future first. That sounds interesting. Religiously that would be on the contrary.
Notable Millionaires To Learn From
♦.Warren Buffett CEO, Berkshire Hathaway
Warren Buffett
Net worth in 2017: $75.6 Billion
Frugal habits
Has lived in the same modest house that he bought in 1958 for $31,500.
Doesn’t spend on luxury cars, computers or smartphones
♦.Mark Zuckerberg Co-founder & CEO, Facebook
Mark Zuckerberg
Net worth in 2017: $56 Billion
Frugal habits
Doesn’t spend on designer clothes or shoes; prefers simple T-shirts and jeans.
Drives a regular Volkswagen hatchback costing around $30,000.
♦.Carlos Slim Helu Mexican business tycoon
Net worth in 2017: $54.5 Billion
Frugal habits
Has lived in the same house for 40 years.
He doesn’t spend on luxury cars, yachts, gadgets or computers.
Drives his own car, likes home-cooked meals
♦. Azim Premji Chairman, Wipro
Net worth in 2017: $14.9 Billion
Frugal habits
Flies economy class, doesn’t stay in flashy hotels.
Drove modest cars like Ford Escort and Toyota Corolla before upgrading to a second-hand Mercedes. Prefers to walk or take autorickshaws.
Has earmarked 39% of his stake in Wipro (Rs 50,000 crore) to a charitable trust.
The above facts are the things to learn from millionaires. It is not all, but some. They live simple lives and that gives inspiration to everyone not to be boastful. They have made a choice to live meaningful lives. So why would the poor or the average income earner be boastful about luxuries?. These tycoons don’t stress over that. We can learn from them now. Stay blessed.
Source, Net Worth: Forbes.
Photo credit: Flickr.
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