One Inspiring Friday

I blame it on the recent Idol Gives Back. I watched QTV’s airing last night, and suddenly, I was humming to the tune of their finale song, Shout to the Lord. I don’t remember a time when a Christian song had that impact on me. I immediately Google’d for an MP3 of the Idol’s rendition but it was sold only on iTunes and coming from the Philippines I am not allowed to purchase yet (there’s that hope that it will happen soon!). My resourcefulness led me to Michael W. Smith’s version, which will do while I wait for the Idol’s version to be available elsewhere.

Lyrics Shout To The Lord lyrics

Call me weird, but I did feel like raising my hands in the air and loudly singing along with it. Then I remembered I am in the office and could not do that.

Also this morning, Carol forwarded me a PowerPoint presentation on Warren Buffet. I may have heard who he is, but I never read up on him. And I should have!

In that short presentation, his life and advices moved me. I copied and pasted the presentation so it is easier to share in this entry. It would be a great waste if I will not find a way to share Warren Buffet’s wisdom.
There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity.

Following are some very interesting aspects of his life:
  • He bought a small farm at age 14 with savings from delivering newspapers.
  • He bought his first share at age 11 and he now regrets that he started too late!
Things were very cheap that time
Encourage your children to invest
One could have bought many things with little savings
Encourage your children to start some kind of business
  • He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
Don't buy more than what you "really need" and encourage your children to do and think the same
  • He drives his own car everywhere and does not have a driver or security people around him.
You are what you are
  • He never travels by private jet, although he owns the world's largest private jet company.
Always think how you can accomplish things economically
  • His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis.
Assign the right people to the right jobs
  • He has given his CEO's only two rules.
Rule number 1: do not lose any of your share holder's money.
Rule number 2: Do not forget rule number 1.

Set goals and make sure people focus on them
  • He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.
Don't try to show off, just be your self and do what you enjoy doing
  • Warren Buffet does not carry a cell phone, nor has a computer on his desk.
  • Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
His advice to young people:
"Stay away from credit cards (bank loans) and invest in yourself and Remember:
  1. Money doesn't create man but it is the man who created money.
  2. Live your life as simple as you are.
  3. Don't do what others say, just listen to them, but do what you feel good.
  4. Don't go on brand name; just wear those things in which you feel comfortable.
  5. Don't waste your money on unnecessary things; just spend on them who really in need rather.
  6. After all it's your life then why give chance to others to rule our life."

Just last month, Forbes’ Magazine ranked him the richest person this year – a title held by Bill Gates for thirteen years! I was pleased to learn that this influential man is from Omaha, Nebraska, where our dear friends Rob and Samantha are off to.

I am inspired with Mr. Buffet’s philosophies in life on frugality and philanthropy. I absolutely do not see the need to live extravagantly and be spending much on material things. There is nothing wrong with living simply. It does not demean me to be taking the public transportation. In fact, it humbles me. I do prefer the mass transport system to a taxi as I find it more unsafe being alone with a taxi driver. I never went for branded items, and I do prefer those clothes with no brand at all, as long the quality is good. I hate clothes with big logos on them. I am all for buying Filipino to help the Philippine economy.

And yes I will practice giving more, especially to those in need. There is a saying that the Lord will give back whatever we give away, even more. That’s a comforting thought but then that should not be the sole reason why we would be compelled to give.

Well, have an inspiring weekend everyone.

I can’t wait to start with mine!

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