Berkshire Hathaway CEO Warren Buffett is one of the richest men alive, yet he's known to live well below his means. Many argue that's the way to wealth; so we asked these millionaires and Advisors in The Oracles to share their frugal habits. Some shared their not-so-frugal habits as well."When we first started Bluemercury in 1999, we had little capital to build the business.
Of course, it doesn't make sense to spend money like there's no tomorrow — because for most of us, there is. But deprivation for the sake of deprivation is nothing to be praised." —Josh Steinberger, founder and CEO of NextGen Restoration; principal in Driven Acquisitions, a holding company that owns and operates apartment buildings in Ohio; connect with Josh on Facebook
"You can live within your means by choosing fewer, high-quality items instead of accumulating lots of low-quality things. For example, in legal cases I would rather hire one expensive but quality, credible expert witness than several cheaper experts who won't be as good on the stand.
MakeIt I thought giving the rich more money meant they would spend more on stuff like this to boost the economy
MakeIt My grandma used to say, 'You can spend yourself into money.'