We’ve all seen images of the greatest tyrants lounging in golden bathrooms, spending money without a second thought. But not all powerful leaders lived lavishly. In fact, most of them lived modestly and did not flaunt their wealth. Not only does living within your means help secure your fortune, but it can also allow you to focus on your work, practice discipline, and leave a legacy.
1. George Washington
Before becoming president, Washington lived in a small log cabin. He managed the Mount Vernon estate, but was careful with his money. Washington avoided excessive spending in order to remain frugal during his term in office.
2. Abraham Lincoln
Abraham Lincoln came from a humble background and grew up in a log cabin. Even as president, he maintained simple and frugal eating habits. He never let money or power change his modest lifestyle.
3. Thomas Jefferson
Jefferson was a talented designer, but he did not allow excess to creep into his life. He preferred new ideas and new knowledge to luxury items. Jefferson enjoyed learning more than he enjoyed spending money.
4. James Madison
Known as the “father of the Constitution,” Madison avoided drawing attention to himself. He led a quiet life on his estate in Montpelier and maintained a modest lifestyle. Madison did not spend his entire budget so that he could focus on his work.
5. Harry S. Truman
Harry Truman refused to live in luxury, even after his presidency. He kept a modest home and drove an ordinary car, all while changing the world. Truman showed that power does not necessarily lead to extravagance.
6. Dwight D. Eisenhower
President Eisenhower didn’t spend his money on frivolous things. He liked to stick to his routines, work efficiently, and buy practical items. Even Eisenhower’s children avoided extravagant and lazy habits.
7. Theodore Roosevelt
Teddy Roosevelt could have lived the high life, but he refused to slow down. He preferred the outdoors to idleness and focused on adventures. Roosevelt invested in a fulfilling life rather than in money.
8. Franklin D. Roosevelt
President Franklin Roosevelt weathered two of the greatest crises in U.S. history while maintaining a pragmatic approach to money. He kept his personal budget fairly modest while leading the country. FDR knew that wealth was not synonymous with power and leadership.
9. Cesar Chavez
César Chávez fought for civil and labor rights while leading a very modest life. Although his efforts were recognized nationwide, Chávez took no pleasure in wealth and lived only for the people he worked for. He was a true example of a leader who lived among his people.
10. James Garfield
James Garfield grew up in poverty and remained frugal even after becoming president of the United States. Public service was more important to him than money. He remained humble when it came to luxury and material possessions.
11. William Wilberforce
Leader of the anti-slavery movement in Great Britain. Although he is known for having championed the cause to end Great Britain’s involvement in the slave trade, he led a simple life and supported the causes he advocated for in Parliament. His choice to live modestly allowed him to focus more on his convictions and on what he stood for.
12. Mahatma Gandhi
Gandhi made simplicity a way of life and wore simple clothes. He didn’t own much and spent money very sparingly. Gandhi used his financial habits to make a political statement about power.
13. Jimmy Carter
Jimmy Carter avoided living a lavish lifestyle despite becoming president of the United States. Carter dedicated his life to humanitarian work and serving others. His goals and ambitions continued even after his presidency ended, which allowed him to remain humble and down-to-earth.
14. Benjamin Franklin
Ben Franklin believed that money should be spent on useful things, not on showing off. Franklin was modest in his lifestyle and his investments. He invested his money in his mind rather than in luxury items.
15. John Adams
John Adams spent his life managing his budget and keeping track of his expenses. Like most of the presidents on this list, Adams avoided extravagance. He was more concerned with public service than with personal wealth.
16. Harriet Tubman
Known for her work with the Underground Railroad, Harriet Tubman led a humble life. After becoming famous, Tubman avoided extravagant spending and lived modestly. She kept her finances simple, just as her mission was.
17. Abigail Adams
A political advisor and women’s rights activist, she used her correspondence with her husband, John Adams, to influence political decisions. She never asked for anything for herself. While managing her husband’s household, she lived a simple and humble life.
18. Eleanor Roosevelt
Former First Lady Roosevelt lived simply and wisely while changing the world. She could have lived in luxury as a global icon, but she chose not to. Eleanor kept her mind and heart grounded by living modestly.
19. Martin Luther King Jr.
A civil rights leader who organized and led nonviolent protests to achieve racial equality. Although he was famous around the world, he led a simple life, free of luxury. He never took advantage of the opportunities the movement offered him.
20. Nelson Mandela
Twenty-seven years in prison could have changed Nelson Mandela. Instead, he was released from prison without coveting wealth or luxury items. Mandela maintained a modest lifestyle while leading South Africa during the conflict.