Rich Peoples Habits

If you want to increase your wealth is it better to follow the guy with a bulging bank account or someone who has just declared bankruptcy? Or course the answer is clear. Here are some facts about rich people:

Mr Kamprad, the owner of IKEA furniture and once the richest person in the world, knows how to squeeze a dollar. He drives an old rusty car, travels by train rather than by car when he can and looks for a good deal wherever he can find one.

Once when he was upgraded to the penthouse at a New York hotel which he didn't realise he owned, he had himself downgraded back to the small single room he had originally booked.

Warren Buffet – Despite being the second richest man in the world, lives in the same house he purchased 50 years ago. He bulk buys his favourite drink, 'Coca Cola Cherry' to save money.

When he married his second wife in 2006, he did it at his daughter's house in a 15-minute cermony. Afterwards they went to a casual non upmarket seafood restaurant for dinner to celebrate.

John Caudwell – In 2005 had a fortune of 2.2 billion dollars. However he still cuts his own hair as he says barbers are a waste of time and money. He buys his clothes off the rack at British retailer Marks & Spencer. "I don't need Saville Row suits," he told Forbes in a 2001 interview. He went on to say that splurging on extremely pricey bottles of wine is often a waste. "I don't need to spend money to bolster my own esteem."

Jim Walton – The former owner of Wal Mart (the world's biggest retailer) drives a 15 year old Dodge Dakota pick-up truck. He says he picked up his spending habits from his father who was a real penny pincher.

Azim Premji is one of Asia's richest men. He still prefers to fly coach and stay in company guest houses instead of 5-star hotels. At his son's wedding he served food on paper plates to save money.

David Cheriton helped start Google and made a fortune out of their stock however he reuses his teabags to save money. He drives an old Volkswagen van and prefers jeans to designer clothes.

Scrouge McDuck would not give his nephews Huey, Dewey and Louie a pay rise in their pocket money. He gave the excuse: "I'm not made of money". This is despite having a money bin which is large enough to swim in.

Also in 2011 he was named the number one richest fictional character by Forbes Magazine's Rich List.

"Look after the cents and the dollars will take care of themselves." — Author unknown

"Thrift comes too late when you find it at the bottom of your purse." —Seneca

"Money grows on the tree of patience" — Proverb

"He who does not economise will have to agonise." —Confucius

"Beware of little expenses; a small leak will sink a great ship." —Benjamin Franklin

"The only man who sticks closer to you in adversity than a friend is a creditor." —Author Unknown

"Before borrowing money from a friend, decide which you need most." —Author Unknown

"Another way to solve the traffic problems of this country is to pass a law that only paid-for cars be allowed to use the highways." —Will Rogers

"There are plenty of ways to get ahead. The first is so basic I'm almost embarrassed to say it: spend less than you earn." —Paul Clitheroe

"Oh, for the good old days when people would stop Christmas shopping when they ran out of money." —Author Unknown

"There is a very easy way to return from a casino with a small fortune: go there with a large one." —Jack Yelton

"Carsickness is the feeling you get when the monthly payment is due." —Author Unknown

"A bank is a place that will lend you money if you can prove that you don't need it." —Bob Hope

"Money isn't everything, but it is way better than what is in second place." — Author Unknown

"Which is better: to look rich but be poor or appear poor and be rich?" — Author Unknown

"Any sensible family has a budget that lays out how much will be, spent for household and other purposes. Without such planning, things would quickly go awry." — Walter Ulbricht

"Some couples go over their budgets very carefully every month; others just go over them. " —Sally Poplin

"A budget tells us what we can't afford, but it doesn't keep us from buying it." —William Feather

"I have enough money to last me the rest of my life, unless I buy something. " —Jackie Mason

"Balancing your budget is like protecting your virtue. You have to learn when to say no." —Ronald Reagan

"Creditors have better memories than debtors. " — Author Unknown

"Your net worth is usually determined by what remains after your bad habits are subtracted from your good ones." — Author Unknown

"Our necessities never equal our wants." —Author Unknown

"You want to blow money? Put it in a blow category in your budget. But at least admit it on paper!" —Dave Ramsey

"Broke people giving financial advice is like shop teachers with missing fingers." — Dave Ramsey

"Success is a pile of failure that you are standing on." — Dave Ramsey

"People first, then money, then things." —Suze Orman

"Opposites may attract, but I wouldn't put my money on a relationship of financial opposites." — Suze Orman

"When it comes to money, if you have it, you may feel that you don't deserve it – guilt. If you don't have it, you may feel that you should have it – guilt." —Suze Orman

"In the business world, the rearview mirror is always clearer than the windshield." — Warren Buffet

"Cannot people realise how large an income is thrift?" — Marcus Tullius Cicero

"I believe that thrift is essential to well-ordered living." — John D Rockefeller

Q: What can be more expensive than a house yet is only about 4 kilos?

A: A baby — Justine Davies

"Proportion your expenses to what you have, not to what you expect." — Proverb

"Money can't buy love, but it improves your bargaining position." —Christopher Marlowe

"The easiest way for children to learn about money is for you not to have any." — Katharine Whitehorn

"The road to success is always under construction." —Proverb

"When I have a little money, I buy books; and if I have any left, I buy food and clothes." — Desiderius Erasmus Reterodamus (probably the wrong way to budget)

"You can only truly be accomplished at something you love. Don't make money your goal. Instead pursue the things you love doing and then do them so well that people can't take their eyes off of you." —Maya Angelou

"I believe that sex is one of the most beautiful, natural, wholesome things that money can buy." — Steve Martin

"The hardest thing in the world to understand is the income tax."— Albert Einstein

"Anything that just costs money is cheap." — John Steinbeck

"Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort."— Franklin D Roosevelt

"It's clearly a budget. It's got lots of numbers in it." — George W Bush

"There is only one class in the community that thinks more about money than the rich, and that is the poor"— Oscar Wilde

"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little" — Franklin D Roosevelt

"Money cannot buy you health, but I'd settle for a diamond-studded wheelchair" —Dorothy Parker

"It costs a lot of money to look this cheap "— Dolly Parton

"A rich man is nothing but a poor man with money" —W.C .Fields

"All I ask is the chance to prove that money can't make me happy" —Spike Milligan

"Wealth consists not in having great possessions, but in having few wants" — Epictetus

"If you can count your money, you don't have a billion dollars" —J Paul Getty

"It's better to spend money like there's no tomorrow than to spend tonight like there's no money" — P J O'Rourke

"Money doesn't make you happy. I now have $50 million but I was just as happy when I had $48 million." — Arnold Schwarzenegger

"You must gain control over your money or the lack of it will forever control you" — Dave Ramsey

"Most people work just hard enough not to get fired and get paid just enough money not to quit" —George Carlin

"How did a fool and his money get together in the first place?" — Steven Wright