The Secret Sauce of someone worth 93 BILLION dollars.. 🤫
Posted by Adam Wenig on Tuesday, January 30, 2018
Warren Buffett’s secret..
He says that “My wealth has come from a combination of living in America, some lucky genes and the power of compound interest.”
Albert Einstein is also a pretty smart guy, right? He said that, “Compounding interest is the single greatest invention of all time.”
Buffett also says, “The real route to riches is to set aside a portion of your money and invest it so it compounds over many years. That’s how you become wealthy while you sleep.” Warren Buffett also says that once he dies, he’s gonna give away a lot of his money.
One thing that I learned from my dad that was really good, was the most expensive
thing that you’ll ever have in your life is taxes. So, try to figure out ways that you can
decrease your tax bill. My dad was really smart when he started making money. As
an entrepreneur, one of the things he did was he attend several tax seminars, and he
read a lot of tax books. Because he knew that over the long run, this was going to save
him more money than anything.
So, learning a little bit about taxes is a good idea, too. Or if not, partner with someone who is good at taxes.