[ad_1]
Self-made billionaire Ingvar Kamprad, 79, still practices modesty despite being the fourth richest man in the world. The self-proclaimed Swede founded Ikea, which sells trendy furniture designs for the budget conscious. His company Ikea now has stores in 33 countries and continues to expand in the markets of China and Russia.
Kamprad avoids wearing suits, flies economy class, and frequents cheap restaurants. He was quoted as saying that his luxuries are the occasional purchase of a nice tie and eating Swedish fish roe.
Even as a teenager, the founder and owner of Ikea had entrepreneurship and sales in his blood. He sold matches, fish, pens, Christmas cards, and other items by bike. In 1947 he started selling furniture.
Today’s generation of buy-now, pay-later borrowers could learn from Mr. Kamprad’s humility. At a time when it’s universally expected to turn to parental debt, credit cards, and resources for instant gratification, Kamprad’s age-old wisdom needs to be heard. His personal modesty and modesty says a lot about his character.
Humility is a billionaire trait that needs to be emphasized in our age of lavish spending. Few seem to be saving more or, more importantly, investing in themselves. More tend to squander hard-earned money on entertainment than invest in their education and future development. It should be noted that you will find a library in the homes of most millionaires. Therefore, they consider education more worthy of their time and resources than entertainment.
In Florida, where I live, wearing suits is often so hot and uncomfortable that I can understand wanting to get rid of them. However, flying economy is by no means a piece of cake.
Mr. Kamprad obviously appreciates what it takes to earn his money and is aware that there are no guarantees for tomorrow’s economic success apart from hard work. As Benjamin Franklin said, “A penny saved is a penny earned.”
The Bible itself says, “The borrower is the servant of the lender.” My nation of America certainly has many people enslaved by mortgages, second mortgages, lines of equity, credit cards and lenders. Using other people’s money is good if you make a profit with it and win. Going deeper into debt just to live with it now is poor financial management.
We are all guilty at some point of being wasteful. The point here is that you can still live a great life, have a good time, and practice humility all the time without minimizing your results. Take it from Kamprad, it can be done.
[ad_2]