INTERVIEW w. WARREN BUFFET - HOW TO BECOME RICH.
In a recent interview on CNBC Warren Buffet, the second richest man in the United States, who has donated $31 billion to charity ) told us the RULES of how to get rich. . Here are some telling, extremely compelling aspects of his life. We listen and learn!
1. Buffet bought his first share of stock at age 11 and now regrets that he started too late! STUDY STOCKS.
2. He bought a small farm at 14 with savings from delivering newspapers. Reminds us of John Rockefeller who sold turkeys as a child to help his single mother.
3. Warren Buffet lives in the same, small 3-bedroom house in midtown Omaha, that he bought after he was married fifty years ago. Buffet says that he has everything he needs in that house. The house has neither a wall nor a fence.. Run a frugal simple house with a big, organized home office.
4. Buffet drives his own car everywhere and doesn't have a driver or security people around him.
5. Mr. Buffet never travels by private jet, although he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63 companies. He
writes only one letter each year to the CEO's of these
companies, giving them goals for the year. He never holds
meetings or calls them on a regular basis. He has given his
CEO's only two rules. Rule # 1: Don't lose any of your
shareholders' money. Rule # 2: Don't forget Rule # 1.7. He does not socialize with the high society crowd. His pastime
after he gets home is to make himself some popcorn and watch
television.8. Bill Gates, the world's richest man, met Buffet for the first time
only ten years ago. Bill Gates thought he had little in common
with Warren Buffet, so, the meeting was scheduled for
only half an hour. However, when they were introduced, the
meeting began and lasted for ten hours and Bill Gates
has become a bigtime devotee of Warren Buffet.9. Warren Buffet does not carry a cell phone, nor does he have a
computer on his desk. He has a telephone and stamps.His advice to young people: "Stay away from credit cards and
invest in yourself and remember: A. Money doesn't create man, it is Man who created money.MORE IDEAS ON ACHIEVING WEALTH AT:B. Live your life simply, as simple as you are. Pay cash, no
credit cards.C. Don't do what others say. Just listen to them, but do what
feels right.All those people who invested with MADOFF listened
to advisors.D. Don't go by brand names, wear that in which you feel
comfortable, which is 'your signature look.'E. Don't waste your money on unnecessary things. Spend on
those who are truly in need.F. After all, it's your life. Why give others the chance to rule your life?
http://financialmentor.com/free-articles/retirement-planning/early-retirement-planning/12-tips-to-build-wealth-for-early-retirement
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