Spend wisely

Take cues from some of the world’s richest people who try to cut down their expenses. Mark Zuckerberg, Facebook co-founder and CEO, has famously ditched designer suits on several occasions for his signature (and much cheaper) hoodie-jeans-sneakers look. According to The Independent, this decision also saves him a lot of time. Meanwhile, Buffett still lives in the house he bought in the 1950s, as per an Insider report. Moral of the story: spend only where it’s necessary, don’t give into whims.