Ingvar Kamprad: Reason to Waste Money

Posted by admin on Wednesday, May 17, 2017

Ingvar Kamprad Money Quote saying he tries to be frugal because his customers (at IKEA) aren’t likely to be extravagant. Ingvar Kamprad said:
 
I'm a bit tight with money, but so what? I look at the money I'm about to spend on myself and ask myself if IKEA's customers can afford it... I could regularly travel first class, but having money in abundance doesn't seem like a good reason to waste it Quote
 

“I’m a bit tight with money, but so what? I look at the money I’m about to spend on myself and ask myself if IKEA’s customers can afford it… I could regularly travel first class, but having money in abundance doesn’t seem like a good reason to waste it” — Ingvar Kamprad

 

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In this quote, Ingvar Kamprad is explaining his frugal approach to spending and using money. Kamprad was the founder of IKEA, so he references considering whether IKEA customers could afford any purchase he was about to make for himself. He acknowledges being “tight with money” but sees it as prudent rather than a character flaw.

Kamprad also notes that while he could travel first class, having a lot of wealth does not justify wasteful spending in his view. Overall, the quote conveys Kamprad’s belief that those in positions of affluence should avoid being wasteful or extravagant with money out of respect for average consumers and a sense of responsibility about the source of one’s wealth coming from customers.

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