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Do i need upper education to become rich? I want to do what warren buffett is doing, i want to invest in stocks and etc. Guys tell me what i should do? Like what books to read? I basically want a plan to follow, right now i'm pretty clueless.
I guess we all envy people like WB, if you really wish to be like him and trust what he does then one way I think is to invest in his investment if you can afford to.
I am with you, it would be great to never have to worry about money, I wish there was a sure way but Warren is getting on in years, so I suspect his stock will not do as well in the future as it has done in the past but what do I know, I am no more knowledgeable than you. http://finance.yahoo.com/q?s=BRK-A
Do i need upper education to become rich? I want to do what warren buffett is doing, i want to invest in stocks and etc. Guys tell me what i should do? Like what books to read? I basically want a plan to follow, right now i'm pretty clueless.
First you need a steady, above average income. Do what you need to do to accomplish that, first.
Do i need upper education to become rich? I want to do what warren buffett is doing, i want to invest in stocks and etc. Guys tell me what i should do? Like what books to read? I basically want a plan to follow, right now i'm pretty clueless.
The percentage of people who can do what Warren Buffet does is so small it's not even worth considering. However, that doesn't mean you can't do well financially. In many ways, being super rich brings more problems than it's worth. Being moderately rich (i.e. rich enough to live a half decent middle class lifestyle without needing a job) is both a more realistic and a more worthy goal. Once you are able to live an ok lifestyle without needing to work, having more money doesn't really make you any happier.
You need a decent income for sure, but what's as important is that you focus on maintaining a high savings rate from that income and investing the difference. Mr. Money Mustache explains it all here:
He also does a great job talking about the right motivations for building wealth...IE...Motivations such as wanting to show off to other people or live a flashy lifestyle actually leave people feeling hollow. The best motivators for being wealthy come from within:
To succeed in building wealth, you want to be driven by internal goals deeper than just the external trappings of wealth. You want a cause that will bring transformation to your life and drive you deep enough to overcome all the obstacles that stand between you and financial freedom.
Do i need upper education to become rich? I want to do what warren buffett is doing, i want to invest in stocks and etc. Guys tell me what i should do? Like what books to read? I basically want a plan to follow, right now i'm pretty clueless.
Well, you'll need to get wealthy to do what Warren Buffet is doing, rich won't cut it. That's why I say it's silly for the average investor with $5,000 to learn how Buffet invests... it's totally different when you are dealing with a few thousand dollars versus a billions of dollars.
Anyways, the best chances on getting rich in 2015 in my opinion is to get a degree in computer science and start your own app. Look at Flappy Bird, Tinder, Waze, Clash of Clans etc. If you get some experience while in school, you can find a high paying job in the San Francisco area. Rent a room from a shared apartment and save as much as possible. Do things on the side as well, maybe start your own youtube channel about ______ and try to build an audience. There are many people earning $$$$$ from youtube.
Do i need upper education to become rich? I want to do what warren buffett is doing, i want to invest in stocks and etc. Guys tell me what i should do? Like what books to read? I basically want a plan to follow, right now i'm pretty clueless.
You don't need to read books to follow Buffet's advice to buy and hold an index fund like VOO.
Do i need upper education to become rich? I want to do what warren buffett is doing, i want to invest in stocks and etc. Guys tell me what i should do? Like what books to read? I basically want a plan to follow, right now i'm pretty clueless.
One needs an education so that they are not clueless !
You can improve your quality of life by living at home to cut down on expenses.
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