voices of Egypt

Friday, May 27, 2005

Make Bill Gates Work for You

You've worked hard for your money. It's time to let your money start working hard for you. The two richest people in the world, Bill Gates and Warren Buffett, didn't get that way through inheritance or through their salaries. They got rich because they own large chunks of very successful companies. Granted, Warren and Bill largely founded those companies, but it's their ownership, not their direct labor, that gave them their fortunes.

The employees of any company work for the owners. If employees aren't making more money for the owners than it costs to keep them around, those employees won't find themselves employed for very long. The employees make a living, but the owners are the ones who get rich.

Hire Bill Gates and Warren Buffett
The beautiful thing about the American economy is that anyone can be an owner of a business. All it takes is some cash, a bit of patience, and an eye for finding opportunities. They say that the best revenge is living well, but let me tell you, they're wrong. The best revenge is knowing that the two richest people in the world work for you, and as they get richer, you get rewarded, too.

Bill Gates runs Microsoft (Nasdaq: MSFT) and Warren Buffett runs Berkshire Hathaway (NYSE: BRKa)(NYSE: BRKb). Both are publicly traded, and both have produced scores of multimillionaires through the power of ownership. If you'd invested $1,000 in Microsoft in March 1986, you'd have more than $300,000 today. If you'd invested $1,000 in Berkshire in October 1976, you'd have more than $1 million today. Astonishing.

Best of all, you wouldn't have had to work for that money (beyond putting in the buy order). All it took was letting Bill and Warren do the heavy lifting.

Read the rest of it at:Fool.com

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