Most of us think if we were incredibly wealthy, we would live a life of opulence. Yet some of the richest people in the world live frugally — and we can learn something from them. Click through to see celebrities who practice frugal money habits. Warren Buffett For example, Buffett still lives in the house he bought more than 50 years ago and is a walking lesson in how to live frugally. He once told Berkshire Hathaway investors, “For the $31,500 I paid for our house, my family and I gained 52 years of terrific memories, with more to come.” http://time.com/money/5032558/rich-people-average-joe/?