Yahoo Finance Warren Buffett Drove A 2006 Lincoln Town Car With A Custom License Plate That Said 'Thrifty' — Despite Being The 2nd Richest Man In The World
Warren Buffett, one of the richest men in the world, is renowned for his simple yet powerful rule: "Never lose money." However, this rule might just as well be "Always save money." Buffett’s legendary frugality is evident even in his choice of car and daily habits, and these practices have played a significant role in his extraordinary financial success.
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Buffett’s unwavering frugality is a hallmark of his lifestyle. He still resides in the same 5-bedroom house in Omaha that he purchased for $31,500 in 1958.
His daily breakfast routine consists of inexpensive McDonald’s items, with his choice influenced by the market’s performance. In his 2017 Becoming Warren Buffett documentary, he explained on "prosperous" days, he might indulge in a $3.17 bacon, egg, and cheese biscuit, while during market downturns, he opts for the more economical $2.95 sausage McMuffin with egg and cheese.
Despite his billionaire status, Buffett’s beverage of choice remains Coca-Cola. He drinks at least five cans a day and claims a preference for a diet similar to a 6-year-old’s. He is also a tech minimalist, with no computer or phone on his desk, and has sent only one email in his life.
When it comes to cars, Buffett drives a 2014 Cadillac XTS that he purchased with hail damage. His daughter, tasked with buying him a new car, opted for the less expensive, cosmetically imperfect but fully functional option, aligning with Buffett’s emphasis on value and practicality over luxury.
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In 2006, Warren Buffett auctioned off his 2001 Lincoln Town Car on eBay for charity. With only 14,000 miles on the odometer, this car sold for $73,200. The car’s unique feature was its "THRIFTY" vanity license plate. This was particularly interesting because, in 2001, Buffett wasn't just a billionaire — he was actually the second richest man in the world, ranking just below his good friend Bill Gates.
The billionaire investor's approach to living below one's means showcases the importance of valuing long-term benefits over short-term indulgence. His lifestyle choices encourage individuals to focus on essential savings and conservative investments, demonstrating that financial success often lies in practical decision-making.
So, while Buffett might openly flaunt his thrifty ways, his frugal lifestyle isn’t just a quirky personality trait — it’s a fundamental part of his financial philosophy. Whether it’s his modest breakfast choices, decades-old house, or hail-damaged car, Buffett’s actions consistently demonstrate the power of living below one’s means and valuing long-term financial security over fleeting extravagance.
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This article Warren Buffett Drove A 2006 Lincoln Town Car With A Custom License Plate That Said 'Thrifty' — Despite Being The 2nd Richest Man In The World originally appeared on Benzinga.com
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