Monday, September 30, 2013

Warren Buffett's 10 Ways to Get Rich - #1

#1. Reinvest Your Profits: 

When you first make money in the stock market, you may be tempted to spend it. Don't. Instead, reinvest the profits. 

Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to put in a barbershop. 

With the money they earned, they bought more machines until they had eight in different shops. 

When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. 

By age 26, he'd amassed $174,000 -- or $1.4 million in today's money. Even a small sum can turn into great wealth.

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