Warren Buffett explains the difference between rich and wealthy. He elaborates on the “levels of wealth” and explains what really makes a person wealthy. Mr. Buffett says that after a moderate level, money makes very little difference in the quality of life!
The question goes: “In response to an earlier question, you spoke of people being rich and very, very rich. It seems to me there’s a difference between being rich and being wealthy. I assume you consider yourself to be both. Which is the more important to you?”
From Berkshire Hathaway Annual Shareholders Meeting. (1999)
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
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Warren Buffett Brilliantly Explains Levels Of Wealth
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25 Comments
Charlie actually explained it more clearly in just a few word 😮
I started investing because I liked the extra money from stock dividends. The key, in my opinion, is to make enough money through both investing and dividends, so you can live off the dividends without selling anything. This way, you might pass on this financial advantage to your kids. I've put more than $60K into dividend stocks over the years, and I'm still buying more, planning to keep going until prices drop more.
Wow man, this is very inspiring
good
"I believe you're starting to get it." Did she just imply that Warren Buffett was stupid for asking for clarification?
I think Warren lives in an idealistic frame of mind. The world is not idealistic. Most important thing he failed to mentioned is that money gives you financial freedom and which in turn frees up your time. You're literally free to spend your life as you wish. Whether you want to work, travel, play, or do nothing.. it's up to you.. you can do it if and when you want anytime. Majority of people don't enjoy their jobs. Warren doesn't have a boss. Most people have a boss to answer to. There's no real freedom. It's called wage slavery for a reason. In capitalism, capital is more important than labor
mungers answer is, simply, stunningly brilliant.
When I first read Nixorus books, I realized how stuck I was in the system. It’s crazy how much they changed my perspective.
He compares himself with college kids. k
"Money isnt important, ive just spent my life acquiring it"
Also, as somebody disabled, your health definitely buys money
There ared two kinds of money, enough and not enough. More than enough ios unnecessary.
I can guarantee you money-hungry folks out there, if all your waking hours is spent dreaming about money, & you don't have loving people around or hate what you do, no matter how much you're making right now, you ain't never going to be happy. I can't remember the last time I saw a smiling "rich" person and I'm not talking about the fake ones on socialmedia.
wealthy = not having to work
I guess I'm still far behind then haha. Thanks for sharing. I'm wondering, for someone with less than $100,000 to invest, how would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
There is no explanation to the LEVELS of wealth in this video. Only the difference between rich and wealthy.
poda yecha
So they are mis pronoucing healthy
Buffett……..you DO NOT EAT
THE SAME SHIT WE DO!!! When ppl like you eat, take for instance a fillet of beef, our beef is born, raised AND
slaughtered in Mass cattle farming procedures, same as our pork, poultry, fruits and vegetables industry. When you and your ilk eat beef fillet, or any thing else, from it's birth to the plate, it
is handled COMPLETELY different, you do not eat like the common Citizen! For God's sake why would you?!
🎸❤️
When the pandemic struck, Buffet was also selling. It was a terrific time to buy equities overall and a great entry point for those in my generation, who were in their 30s and 40s. Do you believe this would be a good time to sell some stocks as well? I'm wondering what the best ways are to rebalance my $2 million holdings.
Charlie Munger sounds like G-Man.
Wealthy is when your passive income exceeds your spending.
There's nothing you value more than good health for you and your family came across as a threat lol
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can't be overstated. I've been trying to grow my portfolio for sometime now and it’s been stagnant, I would greatly appreciate any other suggestions.
When the pandemic struck, Buffet was also selling. It was a terrific time to buy equities overall and a great entry point for those in my generation, who were in their 30s and 40s. Do you believe this would be a good time to sell some stocks as well? I'm wondering what the best ways are to rebalance my $2 million holdings.