Keke Palmer became a millionaire at 12—but even with $1 million, she’d still only pay $1,500 in rent and drive a Lexus. ‘I live under my means’

• Actress Keke Palmer made her first million at 12 years old, but still lives by a frugal mindset her parents instilled in her as a kid. Palmer said even with $1 million in the bank, she’d only pay $1,500 on rent, and would drive a Lexus over a Bentley. Other successful billionaires like Warren Buffett, Mitzi Perdue, and Mark Cuban espouse living under their means. 

It’s natural to want to splash out when success finally rolls in, ushering a new era of buying mansions and leaving behind the days of shoebox apartments.