Reading Warren Buffett biography (The snowball effect) will let you know exactly how he became rich, one of the richest man on the planet.

Most people believe it is because he’s such a great investor, and so did I before I read his autobiography.

But the truth is that many investors are probably as good as Warren Buffett, but none is as rich as he is. So what made the difference?

Well before being a great investor, W.Buffett is a great entrepreneur.
He started his first businesses as a child, and he quickly proved gifted with that, making his first thousands of dollars by buying and renting flipper machines…

Then when he became a great investor, reading Benjamin Graham book The Intelligent Investor, he searched for ways to leverage his talent.

If he had invested only his money, he would be probably millionaire today, but certainly not the richest man on earth.

What he did then, is that he sold his talent to others:
He created partnerships, where other investors put money in it, and he would get no fee for the first 4% income, but would get half of the margin above.

That’s how he started and leveraged his new business:
More and more investors trusted him and invested money, and he would get half the profit of it above 4%

That’s the reel snowball effect!

So the truth about this story is that being a good investor won’t make you rich, it’s certainly necessary but it takes time. It’s still the snowball effect with compounds interest, but it’s the slow way.

The fast way is to leverage your talent, and be your own boss.

It’s not the easy way, it takes time, faith, efforts, perseverance, failure etc…

Which is why it is best to start a business for passion rather than money, because money seldom comes in the first years, but rather after a long run

Becoming rich is not an accident but the consequence of our choices.

The same way choices bring us closer to happiness or farther away, some choices help us to get richer, and some make us poorer

Here’s an example:

Some people are reluctant to buy a book that costs 20 dollars or to subscribe to a training that costs 40 dollars. Yet these same people did not hesitate to buy an LCD TV that costs 1000 dollars or an iphone or some fancy shoes.

In doing that they have made a choice of impoverishment.

Watching TV has never enriched anyone regardless of the size of the screen
Having an iphone never made someone richer
Having shoes might help for walking but not for getting richer

If that same person had spent the 1000 dollars of its TV to buy books and trainings
If that same person had spent the hours spent in front of his TV to read and learn
That same person would be much richer today

Any resemblance to people you know is obviously fortuitous

This is a slow process…
Even if you invest in yourself you’re not going to be rich tomorrow

But as time passes year after year small decisions have bigger and bigger effects

Your current financial situation is only the consequence of your past choices
The ones that you made years ago and that your repeated year after year

But past can’t be changed what matters now is present and future.
And your financial future will be only the result of your present choices

Think about it 2 minutes what is most likely to help you get richer:
Your TV or your personal development?
Buying consumable goods or investing in yourself, in your knowledge, in your know how?

Do you really want to become financially free?
Make an important decision:
Sell your TV and with the money buy books and education programs to learn how to become financially free
And everytime you will miss your tv, instead of watching tv spend time reading, learning, practicing, doing action.
There is no guarantee that you will become rich but it’s guaranteed that you will become richer this way.

And remember a small decision today will have huge effects in a few years