Warren Buffett provides inspiration on how to get rich by reinvesting your profits. Together with his partner at that time, the magnate bought four more pinball machines and installed them in a barbershop using money earned from the first machine they had installed as their first investment.
Buffets story is not different from most other people who get rich whether in businesses or in their respective professions because they all pumped back their earnings into their 'money-maker' so as to achieve growth.
What are some of the reasons why reinvesting your earnings is the simple way to get rich?
Reinvestment of your earnings provides you with a guaranteed path towards getting rich because it ensures that you build on your capital and your commitment to your investment.
Article Source: http://EzineArticles.com/9912998
Buffets story is not different from most other people who get rich whether in businesses or in their respective professions because they all pumped back their earnings into their 'money-maker' so as to achieve growth.
What are some of the reasons why reinvesting your earnings is the simple way to get rich?
- Increased efficiency increases earnings
- Sustainability comes from knowledge
- Reinvesting frees up your time
- Financial freedom
Reinvestment of your earnings provides you with a guaranteed path towards getting rich because it ensures that you build on your capital and your commitment to your investment.
Article Source: http://EzineArticles.com/9912998