Warren Buffett is arguably the wealthiest man in the world. He invested, saved, and established businesses to earn his net worth of over $65 million. He has generously donated much of his fortune to charity. He had to learn to be patience to earn this abundance of money, but with hard work and determination, he made it happen.
Warren Buffett, born August 30, 1930, has been investing ever since he could understand what it was. For him, that was at age 11. Up to that time, he had been making a small profit off of the re-selling of items from his grandfather’s grocery store. For instance, he would buy a six pack of coca-cola for twenty-five cents, and re-sell each coke for five cents; this gave him a profit of five cents. His first real investment was made after visiting the New York Stock Exchange, and he bought three shares of Cities Service Preferred, for $38 per share (rediff.com). He ended up making a measly profit of $6; selling each share for $40. Little did he know that he …show more content…
Buffett, but what exactly is investing, and why is it important? Investing is just another way to make money through stocks, bonds, mutual funds, or starting your own business (Investing 101- Investopedia). Investments have become more imperative to insure that the future will be a happy, comfortable life. Investments will not help to make a profit immediately; it takes time for the money to build up to the desired amount. However, some investments like bonds can be risky, due to the fact that some people may not pay back the total amount, and the fact the inflation is constantly causing interest rates to change. Some larger government-run companies are less risky, and more likely to return the total amount of money paid in full (Investing 101-Investopedia). Every way of investing is effective and important, and can turn as little as $10 into enough money to buy what is needed, and wanted, to live a comfortable
Warren Buffett, born August 30, 1930, has been investing ever since he could understand what it was. For him, that was at age 11. Up to that time, he had been making a small profit off of the re-selling of items from his grandfather’s grocery store. For instance, he would buy a six pack of coca-cola for twenty-five cents, and re-sell each coke for five cents; this gave him a profit of five cents. His first real investment was made after visiting the New York Stock Exchange, and he bought three shares of Cities Service Preferred, for $38 per share (rediff.com). He ended up making a measly profit of $6; selling each share for $40. Little did he know that he …show more content…
Buffett, but what exactly is investing, and why is it important? Investing is just another way to make money through stocks, bonds, mutual funds, or starting your own business (Investing 101- Investopedia). Investments have become more imperative to insure that the future will be a happy, comfortable life. Investments will not help to make a profit immediately; it takes time for the money to build up to the desired amount. However, some investments like bonds can be risky, due to the fact that some people may not pay back the total amount, and the fact the inflation is constantly causing interest rates to change. Some larger government-run companies are less risky, and more likely to return the total amount of money paid in full (Investing 101-Investopedia). Every way of investing is effective and important, and can turn as little as $10 into enough money to buy what is needed, and wanted, to live a comfortable