Tuesday, December 4, 2007

Lifestyles of the Rich and Famous

Saw this while reading my BoingBoing feed:

"Ikea's pennywise founder is famous for being cheap. He flies coach, drives a 1993 Volvo and often dines at lower-tier restaurants. He also reportedly furnishes his home with Ikea's affordable merchandise. Kamprad was recently quoted as saying that the only luxuries he splurges on are the occasional upscale cravat and Swedish fish roe."

For more on wealthy individuals who live below their means, see this Forbes article.

I am a big fan of IKEA, and I love the fact that its founder, Ingvar Kamprad, is frugal! In today's age, where most people live far beyond their means and credit card debt devours families' entire paychecks, it's nice to see a great example of fiscal responsibility. It's easy to be lured in by the finer things in life, but if you cannot pay for them, up front and with cash, you should steer clear. Just ask Ingvar!


Tony said...

Yes, being frugal is wise when you don't have the money to spend. But when you're loaded like Mr. Ikea, it's almost to the point of being foolish to not spend it. What's he saving it for? You can't take it with you. The worst thing he could do at this point is save it, because it will end up going to his kids, who will probably spend it all. If I were Ingvar, I'd blow it all before I croaked, then leave a little message in my will: "Dear kids, I leave you a pair of tastefully designed chairs and a rusted out '93 Volvo. Now get to work!"

Tony said...


Jason Dockter said...

You can't be serious.


Tony said...


I am serious. And stop calling me Tony. It creeps me out.

-SeƱor Cuats