When you think of Warren Buffett, you probably imagine him as one of the richest men in the world, with a bank account in the billions. But have you ever wondered what he was like as a child? Yes, even at a young age, he thinks like a mini-mogul and has amassed an incredible $2,000 by the age of 15! That may not be the case today, but in 1945, fortune was small.
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To put it in perspective, that $2,000 would be worth almost $35,000 in today’s money! That’s more than you have saved in your savings account and certainly more than most teenagers bring with them.
Warren Buffett stands apart from most teenagers. Even at a tender age, he has become a smart business owner who considers investments, profits and making the most of his early business ventures.
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So what makes young Warren so successful? His family must have been wealthy, but he was still terrifying in a surprising way, at least by today’s standards.
He sold chewing gum and Coca-Cola from houses in his neighborhood, delivered newspapers before school and even set up a business selling golf balls and used stamps.
The greatest success comes from turning an ordinary teenage job – delivering newspapers – into something more important and the foundation for something bigger. They found ways to be more efficient, deliver faster and even sell extra subscriptions and calendars on the side.
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With the proceeds of this venture, Buffett was able to buy a 40-acre farm in Nebraska for $1,200, which he rented out for a steady income.
Buffett, who just turned 94, has an estimated net worth of around $143.7 billion. He averages $4.18 million per day of his life! Of course, he didn’t earn much every day from the start – most of his wealth came later. But it’s still an incredible way to think about what we’ve done over the years.
Despite all that, the definition of success goes beyond money or fame. In a 2019 interview, he explained that if you are 65 or 70 and the person you love truly loves you, then you will be successful. He sees rich people who are still miserable because no one loves them.
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He lives modestly and has pledged 99% of his wealth to charity, showing that success is more than a bank account – it’s about investing in yourself, relationships and a meaningful life.
But when it comes to her children, she believes in tough love. Daughter Susie once applied for a $41,000 loan to renovate her kitchen and her response advised her to “go to the bank like everyone else.”
Despite her often thrifty behavior, Susie never felt stingy and respected her philosophy. After, he said, “I really agree with his philosophy of not spending a lot of money on your children.” He agreed that it would be wiser not to leave the billions, because it would be “crazy” to do so.
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This article Can You Guess How Much Money Warren Buffett Saved When He Was 15? Hint: It’s Much, Much More Than Your Child or Nephew originally appeared on Benzinga.com
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