Warren Buffett is a financial icon. The 88-year-old businessman has made quite the name for himself by running numerous companies and making billions of dollars in the process.
Numerous books have been written about his life and his financial advice. He is seen as one of the most business savvy investors on the planet.
Now, fans are getting an inside look into the life of Buffett after one of his big life lessons was just revealed. According to reports, there are 2 things Warren always carries in his wallet.
"In an interview with Yahoo! Finance Opens a New Window. Wednesday, Buffett said he always makes sure he has these two things on him: hundreds in cash and an American Express card," reported Fox Business.
Warren spoke out about the report and filled eager entrepreneurs in on why he chooses to always carry these items.
“I probably carry, maybe, $400,” Buffett explained, adding that his spouse, 73-year-old Astrid Menks, prefers to use cash over credit. "I've got an American Express card which I got in 1964,” he joked with Yahoo! Finance. “But I pay cash 98 percent of the time. If I'm in a restaurant, I always pay cash. It's just easier.”
Warren is know for being a frugal man in his personal life. He has lived in the same house for over 60 years! He also rarely buys a new car. There's no sign he's going to change anytime soon.
“I’m one-quarter Coca-Cola,” Buffett told Fortune in 2015. “If I eat 2,700 calories a day — a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it every day.”
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