Narayana Murthy to Warren Buffet: How 5 millionaires and billionaires save money (And how you can too)

Ever wondered how super-rich people stay wealthy? What are the secrets that help them save money? Well, here's the truth: It's not luck, but small, consistent habits that make them rich over time. From Warren Buffett's idea of investing in quality over quantity to self-made millionaires preaching "pay yourself first," here we list some billionaires and their simple habits that helped them save big. Here's what you can learn from them:

Don't chase "cheap" - hunt for good quality stuff over quantity instead. Legendary investor and billionaire Warren Buffett said in his 1989 Berkshire Hathaway letter, "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price." When this wisdom is applied to everyday life and purchases, it teaches us to value quality over price. For instance, a cheap quality product might be cheap but it won't last long, and vice versa. In the long run, good quality high price product turn out to be of better value.

Financial guru, author and multimillionaire behind 'The Automatic Millionaire', David Bach insists: "Pay yourself first by saving 10-20% off the top, before bills." His method auto-transfers salary chunks to high-yield savings or investments, treating it like a non-negotiable bill. Bach built wealth by ignoring "stuff" temptations, focusing on the "Latte Factor" - which means skipping $5 coffees saves roughly $1,825 every year. Humanise it: Start small, like INR 500 daily in India-- this is roughly INR 15,000 per month, when invested at 7% it grows big. No deprivation, just priority. Bach's students hit millionaire status this way - automatic discipline beats willpower every time.

In 2023, Infosys co-founder NR Narayana Murthy urged top and senior executive to splurge less money for the company's growth at an industry event. "I would say that it is extremely important to spend less than what you earn, ideally. That means everybody, starting from the chairman and CEO to a janitor will have to demonstrate austerity, will have to demonstrate simplicity, to scale up companies' growth," Murthy had said. Applying his wisdom to everyday life teaches us to save money in the long run-- something that Murthy himself practices by having a simple lifestyle.

Dave Ramsey, the debt-free millionaire radio host, once said, "Debt is dumb, cash is king—live on a zero-based budget." He's helped millions escape the cycle, preaching the "Baby Steps" to save emergency funds. Ramsey buys cars cash, shuns credit cards, as per reports. So, list your expenses (including for lesiure and fun) and assign a limited amount of money for it. This will help you cut debt and prevent over spending.

Shark Tank star and multimillionaire investor, Kevin O'Leary believes, "Know your numbers cold - track spending like a hawk or leak wealth." He uses apps for daily logs, cutting waste ruthlessly (goodbye, unused subs). O'Leary's net worth thrives on this: No blind spots and quarterly audits. Following this simple rule can help you too, to save your hard-earned money