The "poor" richest man in the world

[everybodylovesmigs]

---

@lorenzoleo:

That's a very interesting analysis there. You certainly know how to crunch your numbers. And i should say i'm very much aligned to your perspective and your belief when it comes to money and how to spend it. You seem to know a lot about compounding rate of interest? People say it's the magic that makes investing fruitful, and i'm keen to learn more about that. Maybe we could discuss it here someday if you have the time?

But to be fair to others also, i don't think we should judge them if they choose to spend lavish lifestyles. Hey, they should live a life that makes them happy right? As long as they can pull it off and not have to rob a bank or scam the next beside them, then i guess its fine heheh..

@inkubuz

Thanks for putting this up! This story isn't actually new to me, i've read it before and i was also closely following Warren Buffet back when he still wasn't #1. In line with what lorenzoleo posted above, i think it pays off to be very tight and disciplined when it comes to money. And Warren Buffet personifies this discipline that many of us strive to acquire and inculcate. It's not really the lavishness and all the overrated society status symbols that count in the end, but it's the financial freedom and peace of mind in the end that you could do whatever makes you happy without having to worry about paying the next set of bills. That's true financial wealth, for me at least..

Hope Warren inspired more of us to strive more and follow our bliss

[Tirong-say]

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 to them, but do what makes you feel good.
D. Don't go on brand name; just wear those things in which you feel comfortable.
E. Don't waste your money on unnecessary things; just spend on things that you really need.
F. After all it's your life, then why give others the chance to rule your life."

Yup these are true nice advices...................

[Dynamics_2010]

@dynamics_2010

reliable ba na ang american chronicle? Now pa lang ko kadungog ana...

dugay na na. you can research for yourself if only to validate the above article.

we cant hide the truth you know..

[lorenzoleo]

I'm on the right track, just keep the frugal lifestyle, steady, consistent and focus.
Bahalag dugay madato basta sure lang jud ma dato.

@everybodylovesmigs OK, see you soon then, you can PM me.

The power of compounding interest is very powerful in amassing wealth. Some people might says that savings is not good because "gipaka tolog lang daw ang kwarta" but they don't know that with the right information and right vehicle, it could compound more than the inflation rate. They don't know the power of compounding interest and how money works if you have big savings.

Formula of the broke (proven)

Income - Expenses = Savings + Tithes

These following forumulas could change your life and make you wealthy:

Income - Tithes - savings = Expenses
F = P(i+1)^n

[asianbooz]

I'm on the right track, just keep the frugal lifestyle, steady, consistent and focus.
Bahalag dugay madato basta sure lang jud ma dato.

@everybodylovesmigs OK, see you soon then, you can PM me.

The power of compounding interest is very powerful in amassing wealth. Some people might says that savings is not good because "gipaka tolog lang daw ang kwarta" but they don't know that with the right information and right vehicle, it could compound more than the inflation rate. They don't know the power of compounding interest and how money works if you have big savings.

Formula of the broke (proven)

Income - Expenses = Savings + Tithes

These following forumulas could change your life and make you wealthy:

Income - Tithes - savings = Expenses
F = P(i+1)^n

sakto ka bro....

daghan man gud ang wala makahibawo ani.

what they know about savings is just savings sa banko.

they just fail to plan(IMG)

[lorenzoleo]

Don't go on branded name because "God made the world but everything else in this world is made in China". Whether you like it or not it is made in China. T_T!. Buy ukay2x, save and invest.

Nature of a truly wealthy person is not how much he earn but how much he keeps.
Little and consistent saving the right way can make millions in your lifetime.

[flopars]

what institution for example ang makahatag ug daku nga compund interest?

...if banks daku ba?

im not really "in" into this kind of money terms.. hehehe

[bulletproof56]

Bro tnx kaayo sa pag post ani nga info ha it really helps me, naa gyud ko na 22nan ani da,,,,,,,, uuuuuuuuuup for this

[flopars]

up na to!

very very much interesting!!!!

[yokam888]

bilib gyud ko aning tawhana ni... dako ug daghan na ni sya ug mansion didto sa langit ^_^