The unexpected frugal habits of rich people

Warren Buffett is worth more than $70 billion, but he often doesn’t act like it — and neither do many other affluent Americans.

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3 Responses to The unexpected frugal habits of rich people

  1. James April 4, 2017 at 4:04 pm #

    Well, this isn’t exactly new, this information on Warren Buffett. Thank you for posting it though. It may be new for those who do not know this. Yes, I think Warren Buffett still lives in the same house in the same neighborhood that he grew up in many years ago. That guy does. Yes, I remember reading that many years ago, and thinking how strange that was. Not that some people don’t want to, that is their decision. I remember that in some movie, Steve Martin lived in a home, and then when he got rich, he lived in the same home, but in like a bigger version of that home. Ok. I saw that. That’s where he lived. But the reality is, and this is the way it often is with rich people for those who do not know this, is that rich people are more frugal than you think they are. I was told that many years ago. And, I am seeing this again! And apparently it says in here that rich people actually do spend money. That’s what I thought! Apparently is says here, they spend money at Mc Donalds and other places. Yes, I’ve been hearing that lately. As a matter of fact, I saw some of them, these rich people, saying they got stuff at Mc Donalds like in previous years. You know, when like Grimace was around. People may be like…What is Grimace? What is that! I don’t know, I don’t think we ever knew. Uh…look. I don’t want to get off track here. The important thing is, I think that this was the gist of the article here, that rich people are more frugal than you think. Right. That’s the way it’s been for many years. But this is going to be quite an eye-opener to some people when they see this. Anyway, we still support you Tom. And some of the more important things that you have done over the years, we’re not talking about what I have done. We just saw what I have done. And that kind of stuff just has people scratching their heads. People just wonder like why would you do that? No, wait… what was that? Look, I just want to get past all that and talk about what you have done Tom. Like, you know, ” Money Monday. ” That’s good. No matter what seminars you go to, no, ” Money Monday” is all you need. It’s basically pretty much all there. And ” Leykis 101. ” There have been changes in women over the last few years, which was something that you brought out and revealed on the show. That apparently woman now have like a list of 15 guys that they are talking to all at one time. These women are not like the women of the past. Like Tom’s mother. Who worked hard, and scrubbed floors in the kitchen and slaved away over a hot stove preparing meals for when the kids came home. No, the women of today are different. Look, I still like women Tom, but these women are not like the ones from the past. They want to tell us what to do, and they want us to pay for it! A lot of the younger people don’t get this. They will listen to anything those women say and when asked why? They say, ” But I love her! ” Tom, these kids are like this more and more these days. And I’m not into protesting. But I think those shows where you reported the numbers of those people that were marching in the streets were good. I was also glad to hear that You were not throwing rocks at people’s homes or windows or turning over people’s cars. I did not do those things either. I did not throw rock’s at people’s homes, or windows or turn over anybody’s cars. I did not. I did not. I also thing it’s important to know, when ask a Mexican comes on, that these people are going to be digging a tunnel and still be getting around that wall. It’s a good reminder. People can forget that with all that’s going on. So it’s good to be reminded of that every once in a while. And that drop in is good too. ” Shut up you Latinos, Shut up! ” That’s a good one. That is the voice of some woman that appears on the show.

    • Scott Jenner April 15, 2017 at 12:08 pm #

      Correct. Women these days are scandalous skanks as Tom would say. Best to pump and dump. Women simply put are a bad financial and emotional investment! I still love that sound bite that Tom used to play when some wack job female went ballistic on Dino.

  2. Scott Jenner April 15, 2017 at 12:05 pm #

    Father,

    True. I drive an old BMW but could pay cash for a new Bentley or Ferrari. However, I much prefer to take the money and invest in high growth dividend stocks right now. In the long run, it will pay off. Last year, I made 10k in dividends alone thanks to your advice years ago. I only wish that I had bought more Apple stock last year when it was less expensive.

    Cheers,
    Scott

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