5 Warren Buffet Quotes That Will Inspire You To Save Money

#4: It’s better to hang out with people who are better than you

Warren Buffett made his first investment at 11 years old. He bought 3 shares of Cities Service Preferred at $38/share. It was the first of many investments for the current billionaire who still lives a frugal lifestyle.

Buffett still lives in the Omaha, Nebraska, home he bought in 1958 and has no problem driving in an old car. He also eats at low priced fast food restaurants such as McDonald’s rather than eating at expensive restaurants.

Buffett’s focus on saving money is part of the reason why he‘s maintained and built upon his current success.

Buffett has shared some insights over the years about saving money, but these five insights stand out. They’ll inspire you to pocket some extra cash and get more intentional with each purchase you make.

“If you buy things you don’t need, you will soon sell things you need.”

Buffett can buy several islands, mansions, and Lamborghinis and still have billions of dollars left over. However, spending carelessly on things you don’t need will result in sacrifices later down the road.