Bixia Huang
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Living Below Their Means


This article was originally written by Katie prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /Adams, Thursday, April 1, 2010. I have shortened parts of it .

prefix = o ns = "urn:schemas-microsoft-com:office:office" / Five Billionaires Who Live Below Their Means

At least once in your life - maybe even more often- you have fantasized about coming into a lot of money. What would you do if you were worth millions or even billions? Believe it or not there are millionaires and billionaires among us who live as relatively normal, run-of-the-mill people. Take a peek at some of the most frugal wealthy people in the world.

Warren Buffett   “Most toys are a pain in the neck”

Millions of people read Buffett's books and follow his firm, Berkshire Hathaway's, every move. But the real secret to Buffett's personal fortune may be his inclination for frugality. Buffett, who is worth an estimated $47 billion, shuns opulent homes and luxury items. He and his wife still live in their modest home in  Nebraska which they purchased for just $31,500 more than 50 years ago.  When asked why he doesn't own a yacht he responded "Most toys are just a pain in the neck." 

Carlos Slim  (The world’s richest billionaire)

Carlos Slim is  a name worth knowing. Slim, who is a native of Mexico, was just named the world's richest billionaire – that's right, richer than Bill Gates, Microsoft founder. Slim is worth more than $53 billion and while he could afford the world's most extravagant luxuries he rarely indulges. He, like Buffett, doesn't own a yacht or plane and he has lived in the same home for over 40 years.

Ingvar Kamprad   “Ikea people do not drive flashy cars or stay at luxury hotels”

The founder of the Swedish furniture phenomenon Ikea struck success with affordable, assemble-it-yourself furniture. For Kamprad, figuring out how to save money isn't just for his customers, it's a high personal value. He's been quoted as saying "Ikea people do not drive flashy cars or stay at luxury hotels." He flies coach for business and when he needs to get around town locally he either takes the bus or will head out in his 15-year-old Volvo 240 GL.

Chuck Feeney  “ I set out to work hard not to get rich”“you can only wear one pair of shoes at a time.”

Growing up in the wake of The Depression as an Irish-American probably has something to do with Feeney's frugality. With a personal motto of "I set out to work hard, not get rich," the co-founder of Duty Free Shoppers has quietly become a billionaire but even more secretively given almost all of it away through his foundation.  A frequent user of public transportation, Mr. Feeney flies economy class, buys clothes from retail stores, and does not waste money on an extensive shoes’ closet, stating "you can only wear one pair of shoes at a time". He raised his children in the same way; making them work the same normal summer jobs as most teens.

  Frederik Meijer

If you live in the Midwest, USA,  chances are good that you shop at Meijer's chain of grocery stores. Meijer is worth more than $5 billion. Like Buffett he buys reasonably-priced cars and drives them until they die, and like Kamprad he chooses affordable motels when on travel for work. Also, like Chuck Feeney, rather than carelessly spending his wealth Mr. Meijer is focused on the good that it can provide to the community.

  The Bottom Line    The astonishing little secret of some of the world's wealthiest people is that they rarely act like it. Instead of over-the-top spending, they're busy figuring out how to save and invest to have that much more in the future, and they also give much of their wealth to charitable causes.

It's a habit you and I might want to consider.


 Psalm 103:15-17 (Amplified Bible)

As for man, his days are as grass; as a flower of the field, so he flourishes.  

For the wind passes over it and it is gone, and its place shall know it no more.

But the mercy and loving-kindness of the Lord are from everlasting to everlasting upon those who reverently and worshipfully fear Him, and His righteousness is to children's children--

詩篇103:15-17  至於世人,他的年日如草一樣。他發旺如野地的花, 經風一吹,便歸無有;他的原處也不再認識他。  但耶和華的慈愛歸於敬畏他的人,從亙古到永遠;他的公義也歸於子子孫孫


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Set your hearts on things above, where Christ is seated at the right hand of God. Set your minds on things above, not on earthly things. 所 以 , 你 們 若 真 與 基 督

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