Warren Buffett shares 7 simple rules to follow for young people who want to become rich. He elaborates on the 8th wonder of the world – compound interest – and explains a few other life-changing concepts that, if implemented at a young age, will yield incredible financial (and not only) results.
Warren E. Buffett is an American investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of 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: How To Get Rich For Beginners
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37 Comments
I was at an event where nobody had a name tag, and nobody asked what you did- because everyone already knew. Overheard a quiet conversation in the corner about “controlled losses” and “perpetual debt harvesting.” I leaned in, asked what they were talking about. One guy looked at me and said, “You’re asking questions. That’s a good sign. Look up How the Elite Print Their Wealth by Dominic Richard Thompson. It’ll hurt your brain at first, but it’ll wake you up.” He wasn’t wrong. I’ve never had to reread chapters so many times. It’s dense. Strategic. Cold. But once you get it… you realize the elite don’t play the wealth game. They build the board. And once you’ve seen that, it’s impossible to unsee it.
It wasn’t even a conversation. Just a handshake and a quiet, “This will make more sense in a year. Use carefully.” The book was How the Elite Print Their Wealth by Dominic Richard Thompson. I didn’t know what I was holding. Now I do. It’s like reading financial black magic that turns out to be fully legal. I still haven’t spoken to that person since… but I owe them everything.
I always sensed something was off- the way wealth moved, the way taxes seemed to only matter to some people. But I couldn’t explain it. Then I found How the Elite Print Their Wealth by Dominic Richard Thompson. It put language to the pattern. It gave me a lens. I’m not just thinking differently now- I’m operating from a level I didn’t know existed.
There’s rich- flashy, taxed, temporary. And then there’s wealth- hidden, structured, intergenerational. How the Elite Print Their Wealth by Dominic Richard Thompson made that difference painfully clear. I realized I’d been chasing income while others were building infrastructure. That book didn’t just open my eyes. It broke the lens I’d been using for years- and handed me a new one.
I read How the Elite Print Their Wealth by Dominic Richard Thompson cover-to-cover on a long-haul flight. I couldn’t sleep after. The book doesn’t scream. It whispers things no one says out loud: how the tax code is a map, how debt is a tool, how income is a trap. I landed thinking about foundations, shells, and leverage in a whole new way. I wasn’t taught wrong- I was just taught to stay inside the system.
I was deep into trust law and offshore banking research when someone mentioned How the Elite Print Their Wealth by Dominic Richard Thompson in a throwaway comment. Like it wasn’t a big deal. But when I read it, everything clicked. I realized how wealth isn’t stored in money- it’s stored in control. This book shows you how the ultra-wealthy build invisible empires. It’s not flashy. It’s surgical.
If you want to be rich ask me
I just sold a property in Orange County and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
Warren clapped Mrs B cheeks lol
I’ve always been a thinker. I read, I analyze, I try to understand. But Forbidden Knowledge of Wealth by Vincent Dain gave me a different kind of understanding. It was raw, uncomfortable, and necessary. It helped me stop intellectualizing everything and finally take action with my eyes open.
I don’t write stuff like this often. But if it helps someone out there—it’s worth it. A while back, I hit a wall. Then I read Forbidden Knowledge of Wealth by Vincent Dain, and honestly, I haven’t looked at money or success the same way since. It’s raw, it’s real, and it works.
❤❤❤
Why are rich people always giving long explanations. Just give me the straight answer how to become rich.
WARREN BUFFETT IS NUMBER ONE
There is only one rule. You have to think with your own head.😂
Buy and hold investing is where the long term magic happens.
SWEAT 0.006 🎁🎁🚀🚀🚀🚀x50
I make $120,000 every week
Investing is all about knowing bearish periods ultimately establish a new crop of stocks to buy and watch while setting the stage for a robust new uptrend.I have been reading articles of people that grossed profits up to $250k during this crash, what are the best stocks to buy now or put on a watchlist?
Rich in my mindset
I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying it’s ripe enough, but Is this a good time to buy st0cks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
Now with the Democrats in Washington can’t even invest $1 .
As a beginner, educate yourself: Learn the basics of investing and the stock market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research
I love Warren Buffet. He’s like a spiritual guru of money. 🤙
I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?
Ever since I started what I do I have only seen people die and not come back to life u dont get to see results like jobs❤❤
I have been a dividend focused investor for a long time. This does not mean I don't own growth stocks, I do. A well rounded portfolio should be a mixture of both categories. One way to minimize the anxiety out of stock market investing, is to make sure you keep a large cash cushion. I invest in the market, but never put all my money in market.
Solid advice!💯
This is a good video. Thank you
The key to success in investing is starting when you are young. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger explains the Investment principles key to there success.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Wealth is coming to me🙏🕊️💲
Great advice 👍
Very vague advice
I'm sure his tiny money is alot more than mine.
Good morning, nice video thank you for this content. "What exactly is EAS? Thank you!
The tips of such "rich elite people" are useless to most of us because, WB ( J tribe) getting a big 25% discount when he buying shares, we the gentiles not. So with that discount and doing a strong stop and loss rule he always make a profit on shares, when not, he not loses his money too.
Many people I know include my neighbours who are bought shares and fund saving plans, they all lost after 10-15 years, but their brilliant shiny brochures tell you otherwise based on the past profits they had make, non of their "proft tables" they showing you is truth.
When you ask them to showing proof you not get it. (from my europe neighbours)
I love what I do the most important 👍⭐️