Smart ways to invest and attain early financial freedom

Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him one of the richest person in the world. As far as I know, there are only two documentaries on Warren Buffet – where he has collaborated and helped them during the production – one from BBC a few years back and one from HBO that was released ten days back. The one released by HBO was keenly awaited by his fans for more than six months. This documentary traces his life from his early childhood days, to his college days, his marriage and his kids and the way he started his investing journey and the way he has decided to give away most of his $73 Billion to charity. The documentary has some very rare family photos and videos. It has focused on him as a person and his humble lifestyle and clearly shows what an independent thinker he is. But the documentary does not share how he identifies his investments.

Meeting two such people in the same day is not normal – but I guess I was lucky to have had these meetings on the same day. Let me start with the story of the person with 98 flats – let us call him Ravi (that is not his real name). He is a simple soft spoken guy. Met him at a friend’s place. His father had bought four acres of agricultural land in the outskirts of Bangalore in 1991 at a cost of Rs 35,000 per acre (this was around my annual salary after my MBA in 1989 – so this investment was equivalent of my four year’s income then and I was in Bangalore in that period – so I could have also done the same if I had the foresight then). This land was bought purely for agricultural purposes and the family did farming in the land. Around 1995, the area where this land was situated became Electronic city. The govt acquired neighboring lands and allotted it to companies wanting to establish factories in that area- a few software companies too bought land and am

  Here is a nice post that I would like share - agree with it fully. May be this list is not complete - but all fourteen are habits of people who accumulate wealth.

This is for my MBA students who had their convocation last weekend and for the hundreds of MBA’s who have finished their course this summer I passed out of XLRI in 1989 and for the first ten years, despite having a decent career, my financial journey was directionless. I started on the right financial path ten years after my MBA. I educated myself through books and learnt from people around me who knew more. I put an effort and changed some of my financial habits. In just a few months, I could see the difference. Within seven years, in 2006, I became financially free, meaning, I did not have to work to maintain my lifestyle.
Here is a great five minute video from "Brian Tracy" that I recommend - shares the two basic traits of all those who have become rich and financially free. http://bit.ly/1ynEWCI