The interesting thing about one of the world’s richest men
in the world, is that he doesn’t act like it.
To many people, the entire point of becoming successful is to enjoy a
successful lifestyle. This often means
acting and doing certain things, such as pursuing supermodels or women that
were previously out of your class, purchasing entire businesses that will help
you live a more interesting life, such as hotels, nightclubs, or airlines, and
perhaps simply spending ludicrous amounts of money on boats, cars, and
vacations. Warren Buffett doesn’t do
that, however.
In fact, Mr. Buffett is famous for how modest that he lives,
which proves that his entire life goal isn’t really about displaying his
wealth, but instead about conserving it.
He lives in the exact same house that he purchased in the late 1950s in
Omaha, Nebraska. He originally purchased
this house for a little over $30,000, and it is now worth about a quarter
million dollars. Even the purchase of
his own home has been the kind of investment that Warren Buffett is famous for!
Okay, so he
lives in a modest home, but that’s just a trick to distract us from the insane
foreign car that he drives, right?
Wrong. Believe it or not, Mr.
Buffett drives a modest Cadillac that costs less than $50,000, and he spends only several dollars
on his breakfast every day at McDonald’s.
The point
is that Warren Buffett didn’t amass all of this wealth simply to spend it, or
have fun. He has been a very dedicated
person who was always hard working, and knew what he wanted to. There are many stories about how knew what he
wanted to do since he was a child, and it is this kind of concentration that
has created his legacy as one of the investors that has consistently beaten out
the market for the longest period of time.
It should
also be noted that Warren Buffett understands his influence, and he doesn’t
just hoard his money. He has a net worth
of over 80 billion dollars, but he has given away tens of billions of
dollars. In fact, he teamed up with Bill
and Melinda Gates for the Giving Pledge, which encourages the world’s
wealthiest people to give away more of their money for the good of humanity.
The point
is that Mr. Buffett didn’t get rich simply as a means to cover up his
insecurities, to party hard, or to enjoy himself. He truly, unlike other tycoons and moguls,
understand his role in society and understands that preserving wealth is far
more important than spending it for entertainment or superficial reasons. This can be integral advice for younger
people, who might believe that spending money is necessary to keep up
appearances. Mr. Buffett would tell you
that it isn’t. He is a quiet and frugal
man who was already making more money than his teachers – as a student, and who
delivered papers until he had saved over $50,000 at age 16. While we may see billionaires in the
headlines for dating supermodels or throwing parties – it’s important to note the
lesson of Warren Buffett: to live beneath your means at all times, in order to
keep your wealth.
Travis
Kalanick is the billionaire creator of the transportation network, Uber, and
he, also is a billionaire, but he teaches us very different lessons. The bottom line is that billionaires are all
different individuals with different personalities, and we can learn all sorts
of valuable lessons from each of them.
One thing
that Mr. Kalanick teaches us is the work is never done. There is one fundamental reason why Travis
Kalanick became a billionaire, that many people would not have considered or
thought of, and that is this: he wasn’t content being a millionaire. It is not as if Mr. Kalanick created Uber
from a desperate bank loan, or from money through his friends and family. The truth is that he was already successful,
but he knew that his mission wasn’t complete.
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