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Warren Buffett views wealth not as a tool for luxury, but as a vehicle for freedom and impact. His philosophy of wealth is built on 'Compounding'—not just of money, but of knowledge and reputation. He is famously frugal, preferring a McDonald's breakfast and a Coke to fine dining. This simplicity isn't about being cheap; it's about avoiding the 'lifestyle creep' that traps most people in a cycle of earning to spend. He views his wealth as a responsibility, pledging to give away 99% of it through the Giving Pledge. Buffett reminds us that the best investment you can make is in yourself, as your skills and character are the only assets that cannot be inflated away or stolen.
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