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Jeff Bezos

The founder of Amazon is the wealthiest man in the world, with an estimated net worth of $233 billion. And he’s only 61.

His wisdom:

“I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.”

The operative word here is frugality, as in limited resources. Just as it drives innovation, it can force you to invent your way out of a tight box. Put another way, it’s often cheaper to create something than it is to buy it.

There are limitations of course, but when it comes to money, frugality is basic. To begin saving and investing money, you must first master the art of living beneath your means.

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