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Benzinga
Benzinga
Business
Adrian Volenik

Warren Buffett Said He Practices But Doesn't 'Advocate Extreme Frugality'—'Spending 105% Of Your Income Leads To All Kinds Of Problems'

Palihapitiya praises Buffett

Warren Buffett is one of the wealthiest people on the planet, but he's also famously frugal. He's lived in the same modest house in Omaha, Nebraska, since 1958. He still drives affordable cars, eats McDonald’s regularly, and often uses a flip phone instead of a high-end smartphone. 

Despite being the CEO of a trillion-dollar company, Buffett avoids flashy spending and prefers simple pleasures.

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