Seventy-nine-year old self-made billionaire Ingvar Kamprad still practices modesty even though he is the fourth richest man in the world˳ The self-styled Swede founded Ikea, which sells hip furniture designs for the cost conscious˳ His company Ikea now has stores in thirty-three countries, while continuing to expand markets in China and Russia˳
Kamprad avoids wearing suits, flies economy class and frequents cheap restaurants˳ He has been quoted as saying that his luxuries are occasionally buying a nice cravat and eating Swedish fish roe˳
The founder and owner of Ikea had entrepreneurship and sales in his blood early on as a teenager˳ He peddled matches, fish, pens, Christmas cards and other items by bicycle˳ He began selling furniture in 1947˳
Today’s generation of borrowers who buy now and pay later could learn from Mr˳ Kamprad’s modesty˳ In a time when leveraging debt, credit cards and parents resources for immediate gratification is commonly expected Kamprad’s age-old wisdom needs to be heard˳ His personal humility and modesty says a lot about his character˳
Modesty is one attribute of a billionaire that needs to be emphasized in our day of wasteful spenders˳ Few seem to save or more importantly invest in themselves anymore˳ More are apt to squander hard earned money on entertainment than invest in their education and future development˳ It should be noted that within the homes of most millionaires you will find a library˳ Thus they deem education more worthy of their time and resources than entertainment˳
In Florida where I live wearing suits often is so hot and uncomfortable anyhow that I certainly can understand wanting to get rid of them˳ Flying economy however is by no means a walk in the park˳
Mr˳ Kamprad obviously appreciates what it takes to earn his money and realizes that there are no guarantees to economic success tomorrow apart from hard work˳ As Benjamin Franklin said: “A penny saved is a penny earned˳”
The Bible itself says: “The borrower is servant to the lender˳” My nation America certainly has a lot of people enslaved to mortgages, second mortgages, equity lines, credit cards and lenders˳ Leveraging other peoples money is good when you are making a profit and gain by doing so˳ Going deeper into debt however just to live it up now is poor financial stewardship˳
We are all guilty of being wasteful at some point in time˳ The point here is you can still live a great life, have a good time and practice modesty all the while without minimizing your results˳ Take it from Kamprad, it can be done˳
Source by https://ezinearticles˳com/?Billionaire-Attributes—Modesty:-Ingvar-Kamprad,-Ikeas-Founder-and-Owner&id=274361
