There is nothing that you can buy that is as good as the feeling of seeing a lot of money in your checking account. On your way to success remember that the big things matter, but the little things are what make you rich.
Even when they have a lot of money coming in, many entrepreneurs are notoriously living month to month. On your way to success, here are some tips from some very successful entrepreneurs:
Warren Buffett, who is always one of the richest people in the world, reminds us to watch small expenses. Buffet insists that frugality is an important part of personal finance. Buffet lives today in the same Omaha, Nebraska, home he bought 40 years ago for $31,500.
Wealthy real estate investor Dave Lindahl drives a modest Ford Explorer and thinks his middle-class neighbors would be amazed if they knew how much money he was worth.
Well-known fitness guru Rick Sikorski is astonished that anybody would waste so much money constantly buying bottled water.
Best selling author and finance professor, Steve Maxwell, was interested in buying a home for $1,500,000 but opted for a home for half the price because “a house with double the cost wouldn’t give me double the enjoyment.”
In the 2007 Annual Survey of Affluence & Wealth in America, many of the richest people in America “spend their money with a middle-class mind-set.” The richest of the rich still use coupons and wait for luxuries to go on sale before they buy them.
Famous beauty and television star Tyra Banks cuts perfume samples from magazine ads to use when she is in a pinch.
Entrepreneur extraordinaire, Sara Blakely, may have a $100 million dollar clothing company but she still gets her hair cut on the cheap at Supercuts.
Next time you pull out your credit card, remember that interest never sleeps. In times of plenty stay within your means, reinvest your profits, pay off creditors and most of all understand that buying things that you don’t really need to impress people you really don’t like won’t get you what you really want.