Changing Your Perceptions of Wealth

Why do some of the wealthiest live so modestly?

Transcript

1.           Changing Your Perceptions of Wealth www.threethriftyguys.com
3. Who lives here?
4. Lawyer? Accountant perhaps?
5. Nope. What if I told you...
6. ...one of the richest men in the world?
7. This is Warren Buffett’s home.
8. So how is it that a guy with so much wealth, lives so modestly?
9. Consider this: Participants in a Harvard study were asked to choose between earning $50,000 per year while everyone else made $25,000, or earning $100,000 per year while others made $200,000. It was stipulated that prices would be the same in both cases, so a higher salary really meant being able to own a nicer home or buy a nicer car. But that didn’t matter much: 56 percent chose the first option, hypothetically forgoing $50,000 per year simply to feel richer. http://www.csmonitor.com/Commentary/Opinion/2008/0624/p09s01-coop.html
10. So?
11. The key to changing your perceptions of wealth is...
12. Understanding that true wealth (and happiness for that matter) is derived from how successful we feel.
13. Mr. Buffett could probably be just as happy living in a smaller rambler.
14. Read more at http://www.threethriftyguys.com/2012/05/changing-your-perceptions-of-wealth/          