Tuesday, February 26, 2008

Warren Buffet's Life and His Advice to Us

There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. The following are some very interesting aspects of his life, something we can all learn a great deal from...

1. He bought his first share at age 11 and he now regrets that he started too late! Things were very cheap at that time. Challenge yourself to save and invest early...
2. He bought a small farm at age 14 with savings from delivering newspapers. One could have bought many things with little savings. He chose to buy something of much greater long-term value...
3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. Don't buy more than what you "really need" and learn to live simply. Simple living, high thinking...
4. He drives his own car everywhere and does not have a driver or security people around him.
5. He never travels by private jet, although he owns the world's largest private jet company. Always think how you can accomplish things economically...
6. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television. Don't try to show off, just be yourself and do what you enjoy doing...
7. Warren Buffet does not carry a cell phone, nor has a computer on his desk.


MY THOUGHTS: this is pretty remarkable if you think about how rich this man is and how big his status is...someone who has achieved so much and has so much material wealth believes in simplicity and humility! Pretty amazing example in modern-day society!


Here's a nice quote that kind of goes along with this...
"The HAPPIEST people DO NOT necessarily have the BEST of all. They simply APPRECIATE what they find on their way." Let me choose the way I want to live...

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