What was Warren Buffett like as a kid?
Welcome back!
Warren Buffett is American’s most beloved investor and the richest man in the world; his net worth is reportedly over $6.2 billion. When people think about success, Warren Buffett comes to minds for a lot us. Warren Buffett’s success was no overnight. Warren is a man who took countless actions started at the young age of 6 years old.
The list of Warren Buffett’s accomplishments is very long; today we are going to take a look of his early accomplishments. Warren Buffett was born in Nebraska August 30, 1930.
At 13 years old, Warren filed his first income tax return, deducting his bicycle and watch as a work expense for $35 for his work as newspaper delivery boy. That year he also declared to a friend of the family that he will be a millionaire by the time he turns thirty, or “[I'll] jump off the tallest building in Omaha.”At 15, Warren is making $175 monthly delivering Washington Post newspapers. At fourteen years old, he invests $1,200 of his savings into 40 acres of farmland.
At 17, Warren was a senior in high school. Warren and a friend purchased a used pinball machine at a cost of $25. Buffett begins to think about the potential profit, and places it in a nearby Barber Shop. Within months, he owns three machines in three different locations. The business is sold later in the year for $1,200 to a War Veteran.
At 19, Warren graduated from college in only three years by taking his last three credits over the summer. His savings at that time was $9,800.
At 21, Warren purchases a Texaco station as a side investment. It didn’t work out as well as he hopes. Meanwhile, he is working as a stockbroker. And he was teaching a night class at the University of Nebraska, “Investment Principles”. His students were twice his age.
At 24, Warren was offered partnership his starting salary was $12,000 a year.
At 26, Warren was out of college for six years and his personal savings have grown from $9,800 to over $140,000.
At 31, Warren made his first $1 million dollar investment in a windmill manufacturing company.
What I notice about the young Warren Buffett was; he was focus and clear in what he wants in life. He made decisions, took risks and most of all he took lots of actions. What did you notice about him?
Giovanna Garcia
Imperfect Action is better than No Action
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I wish I had been like that as a child! I’m not like that even now. Hmm….
Hi Gio .. thanks for that .. I learnt he continued learning all the time and reinvested his learning, his income - he was astute .. very astute .. he must have listened to his elders at lot at the beginning .. & he was patient while he learnt .. as well as the points you mention: he was focussed, took risks and made decisions & got on with ‘doing’ ..
Great information - Hilary: Be Positive Be Happy
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It definitely makes me feel a little guilty! I wish I had the brain and the determination to be like that. Great post!
Hi Daphne
I believe there is a little bit of little Warren inside you and me (every one) We just may be want a little bit more
Thanks for your comment and the conversation.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Hilary
That is great you, we can all learn somthing for Warren’s story.
Thanks for your comment and sharing your thoughts.
Giovanna Garcia
Imperfect Action is better than No Action
Great time line and highlights!
I think this really shows what focus can do in terms of results. I think the key here is that it also shows business as his passion. While kids were playing, he was profiting. To each his own.
Hi Star
Thanks for stopping by
Giovanna Garcia
Imperfect Action is better than No Action
Hi Myrtle Beach Bum
It is meant to inspire people, to know that if we all start at Coca Cola making 5 cents, and keep at it. We can make a lot more over the years.
Thanks for your comment and joining in the conversation.
Giovanna Garcia
Imperfect Action is better than No Action
Hi J.D.
Warren Buffett is one focus man. With focus and a lot of action, we can do a lot.
Thanks for your comment and sharing your wisdom with us.
Giovanna Garcia
Imperfect Action is better than No Action
You and JD have written about focus - interesting…. I like to hang on with like-minded
Good read, Giovanna. BTW, clearly shows me my weakest link - helps me to focus on its improvement
Hi Alik
I am glad you enjoy this post so much:-) JD is a very wise man.
I am here for you.
Stay focus Alik
Giovanna Garcia
Imperfect Action is better than No Action
Hi Gio thank you for an inspiring post. I should tape a note to my computer “What would Warren Buffet do?” to keep me focused!
It is true, focus and action are both required. Success is unlikely if you only possess one. And as you know, Giovanna, the action doesn’t need to be perfect, as long as it’s related to your focus. Thanks for sharing about Warren Buffet. All of this was new to me!
Hi Diane
That is a great way to stay inspire is to look at things and ask yourselves what would your mentor do or say?
Thank you for your comment and sharing your thoughts with us.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Trey
You got that right brother
All we need to do is get started to take action, and don’t even worry about being perfect or not.
Thanks for your comment and support to our message.
Giovanna Garcia
Imperfect Action is better than No Action
Highly inspirational story that many of us need or speaking for myself: I NEED (:
Thank you Giovanna for caring for the world!!
Rami
Each person you meet or read about mirrors aspects of yourself through your emotional reactions. As you evolve to attune to how you feel, you learn to read energy and awaken the transferable skills you have always had. This deepens fulfillment in your physical existence. It is not measurable. The truth is only ever felt.
Thanks for this. I like Warren Buffett as a public figure. He remains humble despite being the second richest man in the world for years. He has also decided to start giving much of her wealth to charity through the Gates Foundation. THat’s two heavy hitters finally swinging the bat in the right direction.
Hi Rami
You are very welcome. I am glad my work is inspirational to you.
Thanks for your comment and your support.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Liara
I feel that I am learning and growing everyday. And I hope to continue my journey for as long as I live.
I agreed we see in other what is in side us, like a mirrors
Thank you for your comment and sharing your wisdom with us.
Giovanna Garcia
Imperfect Action is better than No Action
Hi Gennaro
Money brings power and Warren Buffett and Bill Gates are ones who us their power for good
Thank you for your comment and sharing your thoughts.
Giovanna Garcia
Imperfect Action is better than No Action