Friday, May 17, 2024
HomeIntlWhy Warren Buffett chooses ‘moments’ over mansions & yachts - Singapore News

Why Warren Buffett chooses ‘moments’ over mansions & yachts – Singapore News

He reminds us that in life, time and purpose are the true treasures that transcend monetary wealth

/* inline tdc_css att */.tdi_30_aee{margin-top:0px !important;margin-right:-40px !important;margin-left:-40px !important;padding-top:30px !important;padding-right:40px !important;padding-bottom:42px !important;padding-left:40px !important;position:relative;}/* portrait */@media (min-width: 768px) and (max-width: 1018px){.tdi_30_aee{margin-right:-30px !important;margin-left:-30px !important;padding-right:30px !important;padding-bottom:20px !important;padding-left:30px !important;}}/* phone */@media (max-width: 767px){.tdi_30_aee{margin-right:-24px !important;margin-left:-24px !important;padding-top:25px !important;padding-right:24px !important;padding-bottom:16px !important;padding-left:24px !important;}}/* custom css */.td-pb-span12 .tdi_30_aee img.aligncenter,.td-pb-span12 .tdi_30_aee .aligncenter img{ margin-left: -1px; width: calc(100% + (2 * 1px)); max-width: none !important; }.td-pb-span12 .tdi_30_aee .alignleft{ margin-left: -1px; }.td-pb-span12 .tdi_30_aee .alignright{ margin-right: -1px; }.tdi_30_aee, .tdi_30_aee > p{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-size:17px !important;line-height:1.8 !important;font-weight:400 !important; }.tdi_30_aee h1{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:normal !important;font-weight:700 !important;text-transform:uppercase !important; }.tdi_30_aee h2{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:normal !important;font-weight:700 !important;text-transform:uppercase !important; }.tdi_30_aee h3{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_aee h4{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_aee h6{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important; }.tdi_30_aee blockquote p{ font-family:”Helvetica Neue”, Helvetica, Arial, sans-serif !important;font-style:italic !important;font-weight:500 !important;text-transform:uppercase !important; color: #000000; }.tdi_30_aee,.tdi_30_aee p{ color: #444444; }.tdi_30_aee .wp-caption-text{ color: #000000; }.tdi_30_aee [class*=’top_ad’] .td-adspot-title{ color: #dd3333; }.tdi_30_aee [class*=’inline_ad0′] .td-adspot-title{ color: #ffffff; }.tdi_30_aee [class*=’inline_ad1′] .td-adspot-title{ color: #ffffff; }.tdi_30_aee [class*=’inline_ad2′] .td-adspot-title{ color: #ffffff; }.tdi_30_aee [class*=’bottom_ad’] .td-adspot-title{ color: #dd3333; }.tdi_30_aee_rand_style{background-color:#ffffff !important;}

Warren Buffett, a titan of finance and one of the wealthiest individuals on Earth, offers a unique perspective on the true value of wealth.

With a net worth that could easily afford him countless luxuries, Buffett, known for his sage investment wisdom, asserts that money is not the ultimate goal. Instead, he cherishes something far more precious — time.

Buffett on time

As he once famously remarked, “Money has no utility to me. Time has utility to me.” These profound words from the Oracle of Omaha resonate with anyone searching for a deeper meaning behind wealth accumulation. While many associate riches with yachts, mansions, and extravagant lifestyles, Buffett takes a different path, emphasizing the immeasurable worth of time.

.u54addf3453dff203ce7ac49ce73a8d85 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u54addf3453dff203ce7ac49ce73a8d85:active, .u54addf3453dff203ce7ac49ce73a8d85:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u54addf3453dff203ce7ac49ce73a8d85 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u54addf3453dff203ce7ac49ce73a8d85 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u54addf3453dff203ce7ac49ce73a8d85 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u54addf3453dff203ce7ac49ce73a8d85:hover .postTitle { text-decoration: underline!important; } See also Effective Techniques To Make Value Investing Work For You

While the notion of relaxation and leisurely retirement might seem appealing to someone of his stature, Warren Buffett scoffs at the idea. Shuffleboard and a life of idleness hold no allure for this business juggernaut. His greatest pleasures are running his colossal enterprise, making astute investments, and savouring moments with his family.

.u028b441116999ed77863f698d44d2005 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u028b441116999ed77863f698d44d2005:active, .u028b441116999ed77863f698d44d2005:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u028b441116999ed77863f698d44d2005 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u028b441116999ed77863f698d44d2005 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u028b441116999ed77863f698d44d2005 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u028b441116999ed77863f698d44d2005:hover .postTitle { text-decoration: underline!important; } See also Warren Buffett: How to be happy at work

Despite his detachment from material wealth, Buffett recognizes the significance of money in the lives of ordinary Americans. He acknowledges that not everyone aspires to work well into their 90s, as he has chosen to do. Instead, for the average American, the path to financial security lies in prudent financial planning.

Work and investing

Buffett’s timeless advice is clear: individuals can secure their financial future by diligently saving and investing throughout their working years.

This involves harnessing high-interest savings accounts, maximizing tax-advantaged investment vehicles like 401(k)s and IRAs, and diversifying one’s investment portfolio to include traditional stocks, bonds, alternative assets, and real estate.

.uc6da9f50cc60c32a9c1ac90d92e64d0c { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .uc6da9f50cc60c32a9c1ac90d92e64d0c:active, .uc6da9f50cc60c32a9c1ac90d92e64d0c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uc6da9f50cc60c32a9c1ac90d92e64d0c { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uc6da9f50cc60c32a9c1ac90d92e64d0c .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .uc6da9f50cc60c32a9c1ac90d92e64d0c .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .uc6da9f50cc60c32a9c1ac90d92e64d0c:hover .postTitle { text-decoration: underline!important; } See also Warren Buffett: How to be happy at work

In an era where wealth is often synonymous with opulence, Warren Buffett stands as a beacon of wisdom. He reminds us that in life, time and purpose are the true treasures that transcend monetary wealth.

So, as we navigate our financial journeys, let us find solace in the knowledge that the richest currency of all are the moments we create and the purpose we pursue.

.u27d1c6b4eb1f88124797a727ce25f377 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #2980B9!important; text-decoration:none; } .u27d1c6b4eb1f88124797a727ce25f377:active, .u27d1c6b4eb1f88124797a727ce25f377:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u27d1c6b4eb1f88124797a727ce25f377 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u27d1c6b4eb1f88124797a727ce25f377 .ctaText { font-weight:bold; color:#464646; text-decoration:none; font-size: 16px; } .u27d1c6b4eb1f88124797a727ce25f377 .postTitle { color:#000000; text-decoration: underline!important; font-size: 16px; } .u27d1c6b4eb1f88124797a727ce25f377:hover .postTitle { text-decoration: underline!important; } See also Effective Techniques To Make Value Investing Work For You

Read More News

Dress Code: Senates goes “casual,” shorts and hoodies now allowed

The photo above is from a YouTube screengrab

The post Warren Buffett chooses ‘moments’ over mansions and yachts appeared first on The Independent News.

RELATED ARTICLES
- Advertisment -

Most Popular