Warren Buffet Secret no. 1:
He made long term investments and he stayed vested for a long period of time allowing the magic of compounding to work.
Warren Buffet Secret no. 2:
By staying vested, he deferred taxation allowing the entire sum to work for him!
The Power of Compounding:
There lived a King with a very rich kingdom.
One day an intelligent young scholar approached the king and introduces him "Chess", a game of strategy and intelligence.
King wanted to reward the scholar.
Warren Buffet!
He once said, " My wealth has come from a combination of living in America, some lucky genes and Compound interest."
He is absolutely right.
Warren Buffet had 2 secrets...
Know that your first home is for living, in an investment sense, a liability.
Your second home is an asset, that leads to building wealth.
Invest in a second home that you can rent out.
And this is just the beginning!
#realestate#realestateinvesting
Currency is just an agreement – the currency bills themselves say “I promise to pay the bearer the sum of Rs. X”.
Bank balance is just data on the server.
Whereas Real Estate is real! It is tangible and permanent.