During an interview on CNBC, Warren Buffet, the world's richest men, who recently made a donation of $ 31 billion to charity.revealed some interesting facts of his life.
1. He bought his first share at age 11 and now regrets that he started too late! Things were very cheap that time Encourage your children ... to invest.
2. He bought a small farm at age 14 with savings from delivering newspapers. You can buy many things with little savings.Encourage your children to start some kind of business.
3. He still lives in the same modest house, 3 bedrooms, 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 has no walls or fences. Do not buy more than you "really need" and encourage your children to do and think the same.
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 largest private airline in the world.
6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them regularly. Assign the right people for the right jobs.
7. He has given his CEO's only two rules:Rule 1: Do not lose any of your shareholder's money.Rule 2: Do not forget rule number 1.Set goals and make sure that people focus on them.
8. He does not socialize with the high society. His pastime after he gets home is to make himself some popcorn and watch television.
9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
10. Bill Gates, the world's richest man, met him the first time five years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half an hour. But when Gates met him, the meeting lasted for ten hours, and today, Bill Gates considers his guru.
His advice to youngsters:"Stay away from credit cards and bank loans, invest your money in yourself, and remember:
Money does not create man but it was the man who created money.Live your life as simple as possible.Do not do what others say - listen to them, but do what you feel good doing.Do not go on brand name, just wear those things where you feel comfortable.Do not waste your money on unnecessary things; spend on things you really need.
The HAPPIEST people DO NOT necessarily have the 'BEST' THINGS. They simply APPRECIATE what they have. "
Who can make a difference in our lives somo ourselves at the right time in the right place doing the right thing.
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