Warren Buffett is the greatest investor of all time. To me this should never be contested.
The man was just on a different level from the beginning and the result is a consistent place on the Forbes list despite never creating a product, service, or writing a line of code (not that this was a thing when he was born).
Some may argue he had some good fortune along the way (which is likely true), however I would counter that argument and say his wealth is the result of believing firmly in Compound Interest and his Snowball (Snowball Warren Buffett and the Business of Life by Alice Schroeder First Edition).
Albert Einstein once called Compound Interest the 8th wonder of the world and I agree its amazing. The best part of Compound Interest is it works regardless of your income level. All you need is time and a whole lot of patience.
As humans in a world where we expect quick results, we forget to maximize one of our most valued resources: Time.
Warren Buffett didn’t waste time, he understood the value in it and he was patient. In fact, despite being worth billions, the bulk of Warren Buffett’s wealth was created after the age of 50. While he may have started investing at a young age, time via Compound Interest is what grew his wealth.
There may never be another Warren Buffett, but there will always be time and Compound Interest. You don’t have to grow your net-worth into the billions (although it would be extremely nice). However if you want to build generational wealth, you have to use your time effectively and utilize Compound Interest to its fullest potential.
Warren Buffett kept it simple and so should you.
As always if you have questions or concerns regarding creating an emergency fund, investing, real estate, insurance, or planning for the future, don’t be afraid to speak with qualified financial advisor. Smart Asset has a great tool to find an advisor in your area or feel free to email me (contact@surgifi.com) to help you on your path to financial independence.
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