There are many different ways that people have used to become rich over the years. Warren Buffet has amassed $84 billion mainly through smart investments and shrewd business moves. Bill Gates, Jeff Bezos, and Mark Zuckerberg have all earned billions of dollars through business ideas that they launched at the perfect time.
There are over 2,000 billionaires in the world and they all have one thing in common. They all know how to look after their money. Billionaires like to spend money, of course. Tesla founder Elon Musk spent close to $1 million on James Bond’s submarine car and Bill Gates reportedly loves to buy expensive Porsche cars. Yet, the richest people on the planet all have some sensible saving advice too.
Mark Zuckerberg – Keep It Simple
The man behind Facebook has one of the most remarkable stories of any billionaire. Zuckerberg was a millionaire by the age of 22 and a billionaire by the age of 23. His current net worth is calculated to be over $70 billion. He launched Facebook in 2004 and has also spoken about giving away 99% of his Facebook shares to help “advance human potential and promote equality”.
One of the most noticeable things about Zuckerberg is his apparently simple lifestyle. He is renowned for wearing inexpensive, casual clothing. The social media mogul has also famously driven an Acura TSX and a Honda Fit. Eating out less and planning your meals in advance could be a good way of keeping life simple and inexpensive without losing any of its pleasures.
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Bill Gates – Research and Shop Around
Bill Gates has long been ranked as one of the world’s richest men. In fact, he took just 5 years to move from becoming a millionaire to being a billionaire, according to an infographic created by Betway Insider. His total wealth is now calculated at some $90 billion, so it is safe to say that he knows a thing or two about looking after money and making it grow.
Gate founded Microsoft in 1975. He was a billionaire by the age of 26 and a billionaire by 31. His best advice on saving money is to always research and compare prices before making a big purchase. Having said that, he once splashed out a whopping $30.8 million to buy Leonardo da Vinci’s “Codex Leicester”. If you really want to spend big on something special, try to also look for rewards that make it a more sensible purchase.
Jeff Bezos – Little Savings Add Up
Amazon founder Jeff Bezos recently overtook Gates as the world’s richest man. In fact, in March 2018 he was officially proclaimed as the world’s first centibillionaire, as his fortune rose past $100 billion. He is said to have as much money as more than 2 million Americans added together. Bezos now has a range of business interests in addition to e-commerce. For instance, he bought the Washington Post for $250 million in 2013.
His savings advice comes from a 2009 letter he sent to shareholders informing them that Amazon had removed light bulbs from vending machines to save money. The saving was in terms of tens of thousands of dollars. Sure, this isn’t a huge amount for a company that has a market capitalization of over $700 billion. Making even relatively small savings – such as finding a better bank account – is always a good move, though.
Sticking to this advice doesn’t guarantee that you will become incredibly wealthy. However, these ideas can make life easier for anyone who wants to take greater care of their money from now on.
Alexa Mason is a freelance writer and internet entrepreneur. She is also a parent to two beautiful little girls. She chronicles her journey as a single mom working on building financial security.
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