Not that I recommend this level of thrift, but I recall a story about billionaire John Templeton, in which he went shopping for a new car and came across a Hyundai. After being told the price, he left empty handed. When family members asked what happened, he said he couldn't afford it (why pay so much for just a car that doesn't do anything, except get you from point A to point B and is a depreciating asset).
The kicker: he owned 500 million of the company's stock!
(He was known to have holes in his socks to save money, while being a billionaire.)
The kicker: he owned 500 million of the company's stock!
(He was known to have holes in his socks to save money, while being a billionaire.)
