In fact, it’s downright boring. Why is Warren Buffet the richest stock market investor in the world? His skill is investing. But actually, his secret is time. Think about it: He’s been investing for the past seven decades. Can you keep investing for 70 years? (That’s why I always tell parents to teach their kids to start investing NOW— and you’ll have billionaire children.) Today, Buffet’s net worth is $60 Billion. But when he was 50 years old, after already investing for 30+ looooooong years, he only had $300 Million. And when he was 60 years old, he only had $3 Billion. That means $57 Billion—the bulk of his wealth—were added at the tail end of his investing life. If Warren Buffet retired at age 60—no one would know him! I repeat: The reason why he became one of the richest men in the world is TIME. He just didn’t stop investing. And I hope you don’t too… Happy investing! By: Bo Sanchez
Posted on: Mon, 17 Mar 2014 11:45:41 +0000
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