3 Ways to Living Well While Spending Less

It may be very stunning, but most of the billionaires don’t live in mansions or drive a Bentley. According to finance investment companies in Delhi, India, some of the members of the 7 figure club prefer to adopt a very modest way of living. For example Warren Buffet still lives in his old Omaha home he bought for $ 31,500 in 1958 and Stanford Professor David Cheriton, a billionaire is known to cut his own hair.

You will be surprised to know all the most of these successful millionaires attribute their wealth to making smart investments and saving early. Nevertheless, this doesn't mean that you have to live a totally ascetic life. You can gradually improve your standard of living while keeping the pace with your rising income.  Here’s a list of thing to follow to adopt the way of living well while spending less.

Save Half of What You Raise:

A sure fire way of speeding your way to seven-figure net worth is to save half of all the raises and bonuses you get. If you start following this rule early in your life, you can get to nearly $ 2 million only by using this strategy.

Live Large, While Saving Big:

The standard rule of thumb for how much house you can afford is 28% of gross monthly income. But, if you adopt the habit of cutting down this range by 2% - 3% you would be able to live in a good house and at the same time you could save decently to add up to your retirement savings.

Making the Most of What You Spend:

One way of living well while spending less is buying the best of the assets so that they can provide you with long-term benefits and maximize the satisfaction you derive from the purchases you do make. According to finance investment companies in Delhi, India this is a way through which you’ll be saved from the unnecessary expenses that would have occurred otherwise.