Just because someone has accumulated a bank account that rivals that of Bill Gates doesn’t mean they spend like there is no tomorrow. Research and anecdote teaches that wealthy people, including the very wealthiest, are surprisingly frugal.
That’s not saying they’re cheap. After all, there is a difference between being cheap and frugal. Frugal means being smarter and wiser at prioritising your funds, finding the best value and making solid investments, traits that have fattened the bank accounts of the richest people in the world. They have so much wealth because they realise the real value of money.
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Here are some of the frugal habits of the wealthy you adapt to build up your own hefty bank account.