Citing an article from the San Francisco Chronicle, Thursday, April 1, 2010. There are 5 figures in the world's richest billionaires who still has close links with the simplicity of their lifestyle. One of the billionaire and legendary figures of the world's best investor is Warren Buffett, a successful investor, CEO of Berkshire Hathaway, as well as generous (philanthropist) famous.
Many people try to find secrets and tips telling mindset of Buffett-style investing step by buying and follow the book - his book is selling well in the market. However, Buffett's wealth secret in fact, come from generous attitude and a simple lifestyle in his personal life.
From an early age, Buffett has shown his passion in producing and saving money. He had been a salesman door to door, selling gum, soft drinks, to magazines and newspapers. He was diligent saving and the money is used only for essential purposes only.
Warren Buffett is often called the "Oracle from Omaha", currently has assets worth about U.S. $ 47 billion. Together with his wife, 79-year man is still living in a modest home in Omaha, Nebraska, United States who purchased at a price of U.S. $ 31.500, more than 50 years ago, still not using the fence.
Buffet travel without being escorted by anyone and use simple personal cars used until damaged before replacing. He did not travel the world using a private jet, although he has one of the largest jet company's in the world. When resting worn with watching TV while eating pop corn.
Although often enjoy a meal at the finest restaurants in various parts of the world, Buffett's preferred menu burgers, fries and Coca-Cola. When asked why he did not have a yacht, Buffett replied: "Most toys only cause pain in the neck". In fact, he did not have a computer at his desk and travel without a cell phone.
His children will not inherit much of his wealth, Buffett wanted to give them sufficiently and avoid for them to feel no need to do anything, being too comfortable with the situation now.
Warren Buffet once promised, after death he will give 85 percent of their wealth to Bill Gates' charitable foundation, the Gates Foundation. However, the charity is more quickly than expected. In 2006, Warren Buffett donated 10 million in Berkshire shares worth U.S. $ 30.7 billion to the Gates Foundation. Buffett's charity donation amount was recorded as the largest donation in the history of America.
A meaning that we capture here, no matter how good your trading ability, no matter how often you profit, you will never "succeed" if not supported by the ability of saving money well.
To be rich like Warren Buffet you may have to set aside part of your profits and collect them to be part of your trading capital. The majority of traders fail because they do not have enough capital to cover the mistakes they do when trading. This capital will buy time and time will provide the necessary trading experience in honing trading knowledge.
Often people think of "How to use money properly ", but it turns out that they do is "How to Spend the money instantly. "
What do you think about the attitude of generosity and simple lifestyle ala Warren Buffet? Are these attitudes fit with today's lifestyle Investor?
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