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African American girl selling lemonade

Source: JGI/Jamie Grill / Getty

This article is very interesting but also enlightening to a sense. Do you ever wonder how do rich people stay rich? Of course its not by spending all of their money. Take Warren Buffet into consideration, an American Business magnate, who has a net worth of $86.8 billion dollars according to Wiki.

Warren Buffet still eats breakfast at McDonalds according to marketwatch.com. He also still lives in the same home he purchased in 1958, for $30,000.

Lots of rich people are frugal, experts say.

You’ll find them in the aisles of Target and Walmart…

They tool around town in a Ford

…and dropping coin at the dollar store

They give a lower percentage of their income to charity

They clip a lot of coupons

Reports show that 1 in 3 people who have a net worth of $5 million still shop at Walmart.

Just because you have money like a football star doesn’t mean you have to spend like one.

 

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