[Latest News] Credit Counseling News: Here’s Why Not Many Billionaires Are Like Warren Buffett

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Here's Why Not Many Billionaires Are Like Warren Buffett Friday 07 February 2020 05:30 PM UTC-05 | Tags: celebrity Warren Buffett was only 11 when he made the first big decision that would lead him down a path of generational wealth. While he would have some setbacks along the way, and he wouldn’t see 90 percent of his wealth until later in life, he’s one interesting man. What billionaire as famous as Buffett do you know would still want to live in a home they bought decades ago? That’s a tough question, but all the answers you seek are a short read away… He Was Only 11 When He Bought His First Stock mark peterson/Corbis via Getty Images mark peterson/Corbis via Getty Images When highly successful people find their passions, it’s usually at a young age. That gives them time to nurture it, become better, and eventually build a life around it. Warren Buffett was only 11 when he bought his first stock. It was the spring of 1942 when a young Buffett purchased multiple shares of Cities Service Preferred for $38 each. Many kids would rather play their video games or trading cards, but Buffett had other ideas. If he was that young investing, then how long did it take for him to gain wealth?… Tags: celebrity