THE REAL ECONOMIST: BILLIONAIRES THAT ARE FRUGAL, BECOME RICHER

Sunday, September 5, 2010

BILLIONAIRES THAT ARE FRUGAL, BECOME RICHER

Astoria, New York
In an article posted on Yahoo,we can learn from some frugal billionaires who save in a very frugal manner, even though they can afford anything. In response to that article, this blogspot of the real economist can explain why some billionaires are so frugal. " The answer is personal character. " said FPG. " Some billionaires come from the old school and that is a plain fact. Carlos Slim of Mexico is the richest one of them all. He is old. He lived in the harsh times after World War II. His mentality is to save to the last penny in order to make more money. He preferred to live in his house of 40 years because it's probably sentimental to him. But he knows that by doing so, he would avoid buying another one at today's market prices, a hefty increase since he bought his first one. " Frugal billionaires may be very price conscious and therefore they hesitate in moving forward if not needed. Why buy a new car if an old one is comfortable and still works well? On the other hand, Silvio Berlusconi is not mentioned in the article. " Berlusconi is probably a good spender. He likes to live the rich life, spending left and right. His spending has caused him problems too. His latest divorce with his wife was because of his spending on young pretty girls as well as call girls." continued FPG. " I believe that spending depends on the individual. There are people who like to spend more and others that like to spend less. But it's how you spend and what you get out of it that determines your level of frugality" finalized FPG.
For the article on frugal billionaires please go to: http://finance.yahoo.com/banking-budgeting/article/110550/tips-from-frugal-billionaires?mod=bb-budgeting

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THE REAL ECONOMIST

Sunday, September 5, 2010

BILLIONAIRES THAT ARE FRUGAL, BECOME RICHER

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