LIVE LIFE TO THE FULLEST
Pic of Warren Buffet (not of Steven Chong) 
Dear Friends,
Pls spare some time and read this , I do not agree with his views, as I personally believe that having money is not how much you have in your bank account, but how much you can spent to enrich your life's experience and ability to help those around you. Still, it's interesting to read the philosophy of this very very rich man.... There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity.
Here are some very interesting aspects of his life:
1. He bought his first share at age 11 and he now regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the same small 3-bedroom house in mid-town Omaha that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4. He drives his own car everywhere and does not have a driver or security people around him. 5. He never travels by private jet , although he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His past time after he gets home is to
make himself some pop corn and watch Television.
8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
His advice to young people: "Stay away from credit cards and invest in yourself and Remember:
A. Money doesn't create man but it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen them, but do what you feel good.
D. Don't go on brand name; just wear those things in which u feel comfortable.
E. Don't waste your money on unnecessary things; just spend on them who really in need rather.
F. After all it's your life then why give chance to others to rule our life."
Steven Chong
Pls spare some time and read this , I do not agree with his views, as I personally believe that having money is not how much you have in your bank account, but how much you can spent to enrich your life's experience and ability to help those around you. Still, it's interesting to read the philosophy of this very very rich man.... There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity.
Here are some very interesting aspects of his life:
1. He bought his first share at age 11 and he now regrets that he started too late!
2. He bought a small farm at age 14 with savings from delivering newspapers.
3. He still lives in the same small 3-bedroom house in mid-town Omaha that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4. He drives his own car everywhere and does not have a driver or security people around him. 5. He never travels by private jet , although he owns the world's largest private jet company.
6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.
7. He does not socialize with the high society crowd. His past time after he gets home is to
make himself some pop corn and watch Television.
8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.
His advice to young people: "Stay away from credit cards and invest in yourself and Remember:
A. Money doesn't create man but it is the man who created money.
B. Live your life as simple as you are.
C. Don't do what others say, just listen them, but do what you feel good.
D. Don't go on brand name; just wear those things in which u feel comfortable.
E. Don't waste your money on unnecessary things; just spend on them who really in need rather.
F. After all it's your life then why give chance to others to rule our life."
Steven Chong
6 comments:
His advice is really sound. Stay away from credit cards and invest in yourself is correct. I don't understand why you disagree with his views. I didn't see anything wrong with his views, really. Then again, interpretation of his views is subjective.
Felix, with due respects to your views, we are now living in the 21st. Century. The world out there is moving towards a cashless society and the usage of credit cards is very relevent and practical.The danger is not the credit cards, it's the inability to manage one's finance that's dangerous. I was watching Australian News yesterday and they are now teaching financial management in Kindergarden.
WB's advice on ".. it's the men who created money" and " living life as simply as you can" seems to indicate a men who is only interested in creating and protecting his wealth, (he became one of the richest man in USA) but " don't spend it on unnecessary things".
Humble me have a slightly view of life, wealth is only as good as what monies can buy, any excess and not put to good use is unnecessarily wasted.(You can't take it to meet the Lord).Living a good life is much more than centering around money or the creation of wealth, but includes a joyful, happy, and meaningful life. (Not the subject of discussion here)
Warren Buffet is a legend, and very successful in the era he was in, but times changed. We will never be him even if we copied every thing he had done.The moral of the story is, sound advice must be read in the same context of which it was made. Steven Chong
Steven,
I've got to say that im confused with this post, you start off saying that you didnt agree with Warren's view.
So, that means nothing you typed agrees with what you think. And i wondered why is Steven writing all these about something he doesnt agree? So, i read on hoping to hear about your views...but as i read on, the whole post has nothing on WHAT YOU wanted to say. Funnily, its ..about WHAT YOU WOULDNT say.
What would your advice to young people in the 21st century be?
Steven, I agree with you that the inability to manage one's finances can be dangerous. However, staying away from credit cards is good advice. Credit cards encourage you to spend money that's not yours. And while spending within your means with credit cards isn't necessarily bad, not everyone practices prudence. I'm sure I don't have to explain about credit card debt. Credit card isn't all that bad... but it's a danger. On the other hand, I will never support a cashless society.
About WB's advice on "living life as simply as you can" and "don't spend it on unnecessary things", he is encouraging people to live with prudence. As I see it, it is timeless advice.
And about men creating money... that is true as well. If you take a look at the history of our global debt-driven financial system, you'd understand why it is truly man who created money. That is, money in the present day context.
Speaking about wealth, I believe wealth isn't "as good as monies can buy" but rather one's wealth is only as good as his/her health. Mann, if you don't have health, you can't enjoy your wealth or give any either. Think about it.
Living a good life is to live life with a sense of purpose. Happiness, joy, contentment and fulfillment is the byproduct of living with purpose.
Warren Buffett, well... he is successful and it won't hurt anyone to learn from his success. He is the ONLY person in the world's top 10 richest people list who has his profits coming from investments.
Sure, we will never become like Warren Buffett or anyone else.. that's because we are individually unique. If one were to live to copy someone else or let society dictate how one should live, they live a sad life.
I agree with Felix that interpretation of Warren Buffet's views is subjective.You should know what works for you!
I for one respect him tremendously for his sharp business acumen , his integrity and generousity ( giving so much back to society in which he accumulated his wealth from, more than what i can say for a whole load of multi millionaires and billion aires out there)
Here is a man who has passion in business, is successful and happy in doing what he does best, quote and unquote and most importantly a great philantropist!!!
There is absolutely nothing wrong in working hard and enjoying the fruits of your labour but it is something to admire about someone who wants to give back most of it. I believe Warren Buffet didnt make all this money so that he can have a great time spending it!
Steven , you are right about not being able to take your wealth with you when you meet the Lord but isnt that what Warren Buffet is doing , he is leaving the bulk of his wealth to charity but meanwhile he is just not spending it extravagantly, he practises what he preaches! He is just a simple man with simple needs, he has his own philosophy in life and it works for him.
For the young people out there, Warren Buffet is certainly someone to learn from where business and investments are concerned, emulate him in his philantropic ways, but most of all, be true to yourself,to others and especially to God.
To me, living life to the fullest is not measured by the amount of money you have in your bank account and how you should spend it. It is about having a healthy life with a clear conscience , it is also about how you make the most of what you have , being content, being able to count your blessings and be a blessing to others!!!
Very well said, I applaud you Felix!!
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