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Taking Stock

with Nathan Brinkman

February 2014

02/10/14

The frugal habits of millionaires

The word “millionaire” typically conjures up images of a lavish, jet-setting lifestyle, but behind the scenes, that may not always be the case. Like Warren Buffett, who famously still lives in the relatively modest house in Omaha, Neb., that he bought in 1958 for $31,500, many millionaires (and billionaires) live a modest, if not downright frugal lifestyle — a lifestyle that may have helped them become millionaires in the first place.

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