When Did You Know You Were Rich

When Did You Know You Were RichWhen Did You Know You Were RichWarren Buffetts answer to When did you know you were rich? is as good as it getsMany thanks to BrattleStCap for this tweet earlier this yearIts worth letting Warren Buffett give his answer at length in his own voiceI really knew I was rich when I had $10,000. I knew a long time ago that I was going to be doing something I loved doing with people that I loved doing it with. In 1958, I had my dad take me out of the will, as I knew I would be rich anyway. I let my two sisters have all the estate.I bet we all in this room live about the saatkorn. We eat about the same and sleep about the same. We pretty much drive a car for 10 years. All this stuff doesnt make it any different. I will watch the Super Bowl on a big screen television just like you. We are living the same life. I have two luxuries I get to do what I want to do every day and I get to travel a lot faster than you.You should do the job you love whether or not you ar e getting paid for it. Do the job you love. Know that the money you will follow. I travel distances better than you do. The plane is nicer. But that is about the only thing that I do a whole lot different.I didnt know my salary when I went to work for Graham until I got his first paycheck. Do what you love and dont even think about the money. I will take a trip on Paul Allens Octopus ($400M yacht), but wouldnt want one for myself. A 60 man crew is needed. They could be stealing, sleeping with each other, etc. Professional sports teams are a hassle, especially when you have as much money as him. Fans would complain that you arent spending enough when the team loses.If there is a place that is warm in the winter and cool in the summer, and you do what you love doing, you will do fine. Youre rich if you are working around people you like. You will make money if you are energetic and intelligent. This society lets smart people with drive earn a very good living. You will be no exception .So at this year-end time of reflection, lets remember that the most important thing in your life for 2016 is to be around people you like, doing what you enjoy doing.Have a great week, ReadersIm rooting for you,p.s. The original answer comes from a student visit with Warren Buffett in 2005 and is available here.When did you know you were richIts worth letting Warren Buffett give his answer at length in his own voiceI really knew I was rich when I had $10,000. I knew a long time ago that I was going to be doing something I loved doing with people that I loved doing it with. In 1958, I had my dad take me out of the will, as I knew I would be rich anyway. I let my two sisters have all the estate.I bet we all in this room live about the same. We eat about the same and sleep about the same. We pretty much drive a car for 10 years. All this stuff doesnt make it any different. I will watch the Super Bowl on a big screen television just like you. We are living the same life. I have two lux uries I get to do what I want to do every day and I get to travel a lot faster than you.You should do the job you love whether or not you are getting paid for it. Do the job you love. Know that the money will follow. I travel distances better than you do. The plane is nicer. But that is about the only thing that I do a whole lot different.I didnt know my salary when I went to work for Graham until I got his first paycheck. Do what you love and dont even think about the money. I will take a trip on Paul Allens Octopus ($400M yacht), but wouldnt want one for myself. A 60 man crew is needed. They could be stealing, sleeping with each other, etc. Professional sports teams are a hassle, especially when you have as much money as him. Fans would complain that you arent spending enough when the team loses.If there is a place that is warm in the winter and cool in the summer, and you do what you love doing, you will do fine. Youre rich if you are working around people you like. You will make money if you are energetic and intelligent. This society lets smart people with drive earn a very good living. You will be no exception.Its a good time of year to remember that what makes us rich is the family we cherish, the work we love, and the people we know.Have a blessed week, ReadersIm rooting for youp.s. The original answer comes from a student visit with Warren Buffett in 2005 and is available here.