Warren Buffett’s secret to happiness: 5 things worth spending on

"If I could spend $100 million on a house that would make me a lot happier, I would do it. But for me, [my Omaha house] is the happiest house in the world. And it’s because it’s got memories, and people come back, and all that sort of thing." — Warren Buffett

Buffett still lives in his modest Omaha home, bought in 1958 for $31,500. For him, it’s not about the price tag—it’s the memories that make it priceless.

"In the business world, the most successful people are those who are doing what they love." — Warren Buffett

Buffett protects his time fiercely, filling his days with things he loves. He’s a firm believer that the best money you’ll ever spend is buying yourself the freedom to do what lights you up.

"It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours, and you’ll drift in that direction." — Warren Buffett

From his legendary partnership with Charlie Munger to his lifelong friendship with Bill Gates, Buffett knows real wealth is built on relationships that challenge and inspire you.

"Invest in as much of yourself as you can. You are your own biggest asset by far… Anything you do to improve your talents and make yourself more valuable will get paid off in terms of appropriate real purchasing power." — Warren Buffett

Buffett spends up to 80% of his day reading because he knows this: every hour spent learning compounds, just like his investments.

"I have everything I need to be happy. I don’t need any more money. I don’t need any more of anything. I’ve got friends, which is the thing that money can’t buy." — Warren Buffett

Forget the fancy cars. Buffett swears by simple joys—McDonald’s breakfasts, bridge games, and time with friends. Because in the end, memories outlast material things.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)