A SUCCESS STORY

Billionaire Warren Buffett’s success began at a young age. In fact, the financial genius has been making an income, investing money and paying taxes since the ripe age of 14-years-old.
Buffett’s road to becoming one of the richest people in the world started in 1944, when Buffett was a paperboy in Washington, D.C. How do we know this? The billionaire investor recently shared his 1944 tax returns to PBS NewsHour, revealing how he began building his $75 billion net worth while he was still in school.

The returns show that Buffett was raking in $592.50 in annual income, and declaring $228 in interest and dividend income. Overall, he was paying $7 dollars in taxes. Today, that means 14-year-old Buffett was making $8,221.18 in income, and his investments in today’s dollars would be worth $3,163.59, according to Quartz.

Not only that, but the tax returns also demonstrate Buffett’s meticulous nature. The young Buffett was writing off all of his business-related expenses, including $10 for a watch repair and $35 of “Bicycle – Misc.”
While his tax returns today, which he released during the presidential elections, look nothing like those from 73 years ago, it’s intriguing to see how Buffett got his start — take a look below .

[Source : Entrepreneur.com]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s