GAZELLE MAGAZINE JULY 2017 ISSUE | Page 34

FAMILY & HOME Celebrity Homes E ven if you were turned down by Harvard University, don’t feel bad. So was Warren Buffett. But it wasn’t a death knell to his spirit, nor did it cause him to realign his goals. Like most successful people, he forged ahead.   While many of us never have an epiphany that tells us what to do with our lives, Buffett’s light bulb came on at the age of 10. At lunch with his father, who was a member of the New York Stock Exchange, something in their conversation lit that elusive spark that made young Buffett realize that his goals would revolve around money.   32 GAZELLE STL By the time he was 11, and his classmates’ main concern was who would be first up to bat at the baseball game during recess, Buffett made his first investment in shares of Cities Service Preferred at $38 each. Never wavering from his goal, he was bringing in almost $200 a month as a teenager in the 1940s (more than his teachers were making), by working every job he could find, including door-to-door sales and cleaning cars for more investment money. He figured out that saving money was like making money, a revelation that resulted in a lifestyle of frugality. (Continued on page 34) WARREN BUFFETT