There is an assumption, The New Rich tend to forget ourselves. In fact, many world figures who once lived hard and poor, as successful and wealthy do not forget the skin, they are even more generous. Like rice, more mature, more subject. Successful they are thankless perseverance.
When he was 11 years old, Warren Buffett was a newspaper deliveryman. In his part time after school and he took advantage for the deliveryman working around the golf course, look for a lost golf ball. The ball that he found and then sold cheaply to the golfer who wants to play around the square.
At the age of 14 years, while in high school, he started working independently, so has the money to 1.200 dollars to buy 40 acres of farmland, which he then rented to local farmers for cultivation. At an early age he was able to create passive income of the land lease.
Since the teen years, Warren is known to be very smart in math, it already started trying to play the stock independently. At that time, he bought the shares Cities Services per-stock at 38.25 dollars. Then, he immediately sold the stock when it rose to 40 dollars.
A tidy profit for him big time. But, he later regretted. Because, in the year, the stock was actually able to reach a value of 200 dollars.
Since then, he got a lesson, that playing the stock should be long term. And this is his lunch when he became king and buy Berkshire Hathaway shares, a business unit that has now been successfully developed to have a child more than 60 different businesses.
In 2008, Warren managed to shift Bill Gates as the richest man in the world after fester for nearly 13 years in a row. Although according to the Magazine Forbes last month, Warren returned successfully shifted Gates. With an estimated net income of 44 billion dollars in 2005, he ranks second in the world's richest man according to Forbes.
Although claimed as a top ranking world's richest man, Warren has always emphasized a simple lifestyle. In fact, very simple. Imagine. He led a simple life with just staying in the house worth 31 thousand dollars in the small town of Omaha. The house has no fence and only has three bedrooms that he bought after getting married 50 years ago. In fact, if you like, with his wealth he could buy some of the palace at once.
Not only that. Until now he may be the only millionaire who still driving his own car. When should travel, he also did not want to use private jets like the other conglomerates. Though he has a private jet rental companies.
In addition to applying a simple lifestyle, he also implemented a very simple management for all business. He gave full trust to all company managers. Within a year, he simply wrote a letter to the CEO of his companies. The contents of the goals to be achieved by the company that he pour in two orders: First, do not harm shareholders money. Second: do not forget rule number one.
In addition to never carry a cell phone and laptop, Warren also never want to socialize in the clubs of the rich. His spare time after arriving home, he used to make popcorn, and watch TV. Bill Gates, his rival as the world's richest man, was initially not willing to meet with Warren, because they do not see any similarities in them. But five years ago, Bill tried to scheduled meetings with Warren just for 30 minutes. After the talk, chat with Warren turned out to last for 10 hours.
Simple addition, Warren is also known to be very generous and philanthropist who like to give some of their income for social purposes. Unmitigated, he donated his money worth 30 billion U.S. dollars, to the Bill and Melinda Gates Foundation, a foundation owned by Bill Gates. It was the largest donation in history.
A donation is equivalent to about 80 percent of the wealth they have. With a donation of that size, you could say he was just a little part of the wealth bequeathed to his three children. But Warren argued wise, "I give the part enough to my children, so they felt they could do anything. But I did not give more, so they feel no need to lazy to do something (to get what they want) just because his parents are one of the richest men in the world. "Fabulous!
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