Today was another productive day in our journey toward $1,000,000 in 365 days. I attended another business training class, where they discussed the things that you and your business need to know to be successful. The instructor also discussed retirement programs. He once again stated something most of us have heard, but seldom follow. The statement that “most people do not plan to fail, they simple fail to plan.
The discussion touched on the subject of stocks, and how Berkshire Hathaway “A” stock is one of the most expensive in the world currently over $100,000 a share. Berkshire Hathaway’s “B” stock is referred to by Warren Buffet as their everyman stock. I have seen the “B” stock price over $2000 today it was around $76. With that bit of information in hand, first chance I get I am buying some Berkshire Hathaway “B” stock.
We also talked about the Rule of 72, which is a proven mathematical formula that states if you divide 72 by the interest rate, that it will equal the number of years that it will take to double your money. If you try using the formula based on the interest rate that banks are offering right now, your calculator will laugh at you. If you want to rub shoulders with some of the richest people on the planet, then buy yourself at least one share of Berkshire Hathaway stock and you will be invited to the annual shareholders meeting where you just may be able to find you a millionaire to marrry, if that is your goal.
Join us in making $1,000,000 in 365 days.