Warren Buffet, the 10th richest man in the world, says that if you spend your money on buying things that you do not need, then soon a time will come when you will have to sell all those things. Rich people spend their money on those things which they really need very much or those things which give very good returns in the long term. Warren Buffet still lives in his house worth about thirty thousand dollars.
Why? These billionaires do not invest in real estate. Facebook co-founder Mark Zuckerberg roams around wearing the same clothes every day and he also roams around in a cheap car like a Honda Zen, whose price is much less than his income. A common man belonging to a middle-class family wants to buy gold, silver, and property by saving his one rupee.
But rich people never invest their money in such things. If you also want to have a lot of money like these rich people and you also want to know the difference between your thinking and the thinking of rich people, then to know this you will need to read this post completely.
In this article, we will talk to you about five such things on which rich people never spend their money (Avoid Spending Your Money). Also, at the end of this article, we will tell you the basic mantras of Warren Buffett which can make everyone rich.
Number One Expensive Toys and Junk Food:-
Friends, rich people never give expensive gifts or expensive toys to their children. Ronaldo, whose net worth today is about 500 million dollars, can give luxury items to his son if he wants, but he never gives all these expensive luxury items to his son. His son asked him for an iPhone but he refused. During his interview, he told that doing this spoils the children.
On the other hand, if a common man or a person from a middle-class family asks his son for a computer or any expensive item, then he gets it for him by hardening his heart despite not having money. These rich people never waste money on junk food. Health is their first priority. On the other hand, many poor people give more priority to money than health, that is why someone has rightly said that what is a man, loses his health to earn money and gives away his earned wealth to get health. And he lives as if he will never die and dies as if he never lived.
Number two -Expensive Real Estate:-
Friends, there are many benefits of investing money in real estate in today’s time, such as you can generate passive income. The price of real estate is increasing day by day. Due to this, you will get good returns in the future. Every person who belongs to a middle-class family dreams of having a good house. He invests his money in real estate, but the thinking of some rich people is completely different from this, they do not spend money on buying real estate like a house.
But why? So friends, the simple answer is freedom. Yes, rich people cannot spend much time at one place. People who are very rich and own good network companies have to travel in connection with business. So they do not spend their money on buying a house. But let us make it clear here, this does not mean at all that all rich people do not invest in real estate.
Asia’s richest man Mukesh Ambani has India’s most expensive house, Antilia. But Warren Buffett lives in his house worth thirty thousand dollars i.e. about 23 lakh rupees. That is why we should also avoid spending our money on expensive real estate.
Number Three -Cards and Other Gadgets :-
Friends, many people are fond of buying a new smartphone. Today they buy a mobile and sell it tomorrow. As soon as the new model is launched, they buy it and sell the old one, but rich people do not spend their money on buying new gadgets like mobile laptops until their old gadgets are completely damaged. They apply the same formula to cars as well.
Mark Zuckerberg still travels in his old and cheap Honda Zen car. Warren Buffett also travels in his seven-year-old car i.e. 2014 model Cadillac XTS which costs around Rs 33 lakh. Despite being so rich, these people do not waste their money on useless things. When Warren Buffett was asked why he does not spend money on buying a new car? So he said that when you leave the showroom, the price of any car decreases by 44%. The same thing has been said in the book RICH DAD POOR DAD that rich people invest their money in assets, not in LIABILITY.
If you have a car that takes you to your destination without any hassle then you will not have any desire to buy a car, if you buy a car to show off then you will never be able to become rich. Therefore, you should avoid spending your money in these ways.
Number four Gold:-
Friends, as we told you in the beginning rich people like Jeff Bezos, Mark Zuckerberg, and Bill Gates never invest their money in gold. What we consider as our future investment, these rich people never consider it as an investment, and they avoid spending their money, but why? Actually, if we look at the data of the last few years, we come to know that in the year 2000, the price of gold was around Rs 12000, but in 2021 the price of gold kept fluctuating between 49000 to 50000, that is, in 21 years the price of gold has increased by only Rs 38000.
Gold is a slow-growing commodity. The returns in this are not that good. The price of gold keeps fluctuating, so it is a bit risky, that is why rich people do not invest money in gold. Apart from gold, there are many such things in which they can earn many times more profit than gold by investing money. So now you tell me what is that thing which is making a splash in the market in the name of investment these days. So if your answer is also Bitcoin.
So brother, understand that your thinking is also like the rich. Friends, in 2009 the price of one bitcoin was zero dollars, but today the price of one bitcoin is more than 30 lakh rupees, that is, how much the price of bitcoin has increased in just eleven years. Friends, the Government of India has not yet passed any law related to crypto regulation. Therefore, it is allowed to buy and sell old trades by permitting it in India.
So we would like to tell you about coinDCX. coinDCX is the safest app in India. Through this app, you can now invest in crypto currency in a safe way. coinDCX is India’s safest and most successful crypto exchange app. It makes crypto trading and onboarding very easy. It attracts many new and existing customers and along with this it also provides a free learning platform.
Friends, coinDCX improves investor production through its Seven M model. Maintains a fair and transparent market. And also reduces the pressure associated with crypto currency. Also friends, in coinDCX you also get inbuilt security features like two factor authentication withdrawal password etc. You can start your crypto journey with a minimum deposit of Rs 100.
You can also buy crypto for as low as ₹10. Your funds are completely safe and insured in coinDCX. Also, you can instantly withdraw and deposit your funds anytime 247. Friends, coinDCX is certified by ISO and it also provides you 247 customer support. So friends, instead of spending your money on things like gold, you can invest in crypto through this once.
Number Five-Clothes:-
Friends, you must have always seen Mark Zuckerberg wearing a gray T-shirt. By the way, Mukesh Ambani and Warren Buffett also always wear the same coat, but why is it so? Why do these rich people not spend their money on buying clothes while answering this question, Facebook co-founder Mark Zuckerberg said that if we have different types of clothes, then a lot of our time and energy will be spent thinking about what should wear today and you must know this.
These rich people value their time more than money. To avoid daily problems and save time, rich people wear the same type of clothes every day and avoid spending their money on these things.
So friends, now let’s talk about those three important points told by Warren Buffett, who is included in the list of rich people in the world, by trying everyone can become rich.
Number one – do not buy things that you do not need desperately.
Number two – make money from money.
Number three- Spend less than what you are earning.
Friends, everyone wants to be rich, but no one wants to work hard. Every person wants to shine like the sun, but no one wants to burn like the sun. If you also have a dream of becoming a millionaire, then you have to stop your wasteful expenditure and create a source of passive income. So friends, if you liked this post, then comment on this article and share it with your friends. Thank you very much for reading these articles. Take care of yourself.
