Charlie Munger and Warren Buffet's homes

 Charlie Munger and Warren Buffet's homes - So Charlie Munger recently died and I've been reading a few of the article about him and I was struck by the info that he's had the same home in California for 70 years. And then the articles (which seem to be word for word) go on to say that Warren Buffet has lived in the same Nebraska home for about the same time period and the home only cost him 31,000$.  This got me thinking/doubting. But even though there are some caveats to the reality of these statements about their homes, I think there is a good moral/idea we can pull from their homes. The first one is that what you have is likely good enough. We don't always need to be looking to change out what we have for something that is doing the job quite well already. Have a car that runs? Good! do I need that Bentley? no. Do I want that Bentley? Yes. but no. (I personally don't want a Bentley - McLaren, Lamborghini maybe or....maybe I'll write about my dream cars some other time - this is not the post for it). The point is, if your car is working and the repairs aren't digging a hole in your pocket, you, or I, have a lot to be thankful for and we can use our energy towards worrying about other things. The same goes for homes I think. Don't get me wrong, I believe there are legitimate reasons to move - like moving to be closer to family (wink wink). But should you move, just to "level up" so to speak. I don't think so. I think your home kind of falls into the same category as your car. Is it doing all that you need it to be doing? Needs are different than wants here. The reason I think this is so interesting when we talk about Munger and Buffet is that these guys built wealth over a while and they could easily get bigger and more houses but instead they used their money and time towards...well building more wealth. That is - How often do we earn, just to give it to someone else when we could probably do something wiser with that money. for example - say I made some money and think, nice let me go and buy some new headphones. Now I have new headphones and I'll throw out or give away the old ones. Wait a minute - throw out or give away the old ones? They were still working? And this is what we do, replacing things that are fine. That same money could have been invested in some stock that's going to grow or give dividends. Maybe even some appreciating asset of some kind.  I think the key here is that we need to be smart with our money and Charlie and Warren are fairly good examples of a couple guys who were pretty smart with their money.   Something else I think that is interesting is that Warren Buffet's home is now MUCH bigger than when he bought it. I think many people don't think making additions to home, but rather just move to a bigger home. The reason I like his home as a metaphor is that while he could have just moved into a bigger home, he used the home he had and made it better.  Of course this means he had the land and resources to do this, but I like the idea. When we have something already, often have the opportunity to make it better than it was - or at minimum keep it as good as it was - but making things better is the point here. I don't know exactly what other examples of things that we have that we can make better but I think focusing on ourselves is the best thing we can do. We have ourselves and we are good enough! But we have the space and resources to make ourselves even better than we are today. I think that's how Mike Bellafiore ends his second book "The Playbook" and I will end this - "You can be better tomorrow than you are today!" Cheers!