Buffett educate themselves rich second generation of the three Tips

Warren Buffett has three children, of whom a daughter, two sons, Warren Buffett has told the three children, he does not own the property left them huge, to use his money to do charity. Written by Buffett’s son Peter’s new book, “Living up to you to create: to find ways of self-achievement” recent sale in the U.S., which is the most striking parts of Buffett in the end passed the rationale for their children. Peter said his father left their most valuable asset is to teach them life values.
As a billionaire’s son, Peter, that values life more important than wealth. He hoped that the parents are rich or poor, must in the education of children on the right to transmit their values, rather than making money as a universal and control everything. For the children, not what they want, parents must twelfth of the land to meet, but to encourage them to self-reliance, self-love, independent growth.

Is Buffett on the education of children in the end transmission to their children what the values are these? Buffett’s son Peter summed up three points. First, it emphasizes self-esteem training. Peter writes, I know what is the meaning of life, which is wealth, fame, money, all unrelated, but closely linked with values. Find something you really love, and then hesitate to pursue, this is my father passed on to our faith. Peter popular values of his father, he thinks too many modern people are surrounded by material desires, especially the wealthy people, they think that money can be controlled together, with the money can be superior, so Peter was contemptuous of some ” rich second generation “self-righteous superiority.

Peter said, as rich as their own second-generation covered with an “emperor’s new clothes”, the appearance of what seems to prefetch can desire, but only because their parents brought wealth does not mean an arbitrary The success of themselves, on the contrary, if not a good value, the final result may be “winner Xiao He, Xiao He also defeated.”

Second, the pursuit of personal dreams. Many mouths gold spoon born early enjoy the glory, knows about the pain. As a billionaire’s son, Peter growth environment is not “clothing to hand, mouth open for food.” He recalled that his father is disgusted with the practice of doting children, Buffett the “golden spoon” as a metaphor for insertion in the second with a behind-rich “Golden Dagger” will only allow the child to superiority and power brought about by the pursuit of money, so rich second generation of self-reliance is also difficult to pursue the lack of self-achievement, may eventually suffer.

Peter is a musical genius, Oscar Best Picture “Dances With Wolves,” the dance music scene is his masterpiece. However, from the heart like an easy task, as Peter and other young people, is bound to be off their own growth path. Peter, age 19, Buffett gave him 90,000 U.S. dollars worth of stock. After graduating from Stanford University, Peter went to San Francisco, their fortunes, not to the father for the money, but they work to support themselves, income is not high, only living in the house after a musical instrument has been placed not much space in small apartment .

Peter’s recollection of events, said that his career in music from the song written for a local television station began, that is I am also very confused. But I decided to find his own, and find self-confidence, which is in this experience, Peter has deepened the understanding of the value of life and how to grasp the overall situation in life. Although many people believe that Buffett will make their favorite son is also engaged in investment business, but do not force Peter Buffett took the final financial investment career path, but Shing Chuen their music dreams. Peter believes that his father instilled in the eyes of the wealth of views and ideas to help him overcome the long-term career in the difficult early years.

Third, by refusing to material wealth and slavery. Peter in the book about his “music and talk” tour, his music and lectures throughout the United States to talk about with your life and oppose extravagance and waste of consumerism and the destruction of human beings on the Earth’s environment. In 2004, Buffett’s wife died, for the three children left a 10 million U.S. dollars per person, Buffett gave the three children each from two million to three million U.S. dollars, which is the world’s billionaires Warren Buffett children left to their own property, and he donated to the Gates Foundation money 300 billion dollars.

This is the Buffett children left to their own most valuable asset – to society, it has become a Peter’s philosophy of life. The father one billion U.S. dollars in charitable funds, Pete and his wife decided the money used to help developing countries girls. Pitt’s foundation over the years in the rescue of girls to spend 60 million U.S. dollars program, mainly designed to help girls, early marriage and early pregnancy and unsafe sex on say, while education and other equitable right to say Yes.
 
Pitt also plans to use five years, costing 15 million U.S. dollars to protect girls in West Africa set up programs to prevent violence by local girls. Pitt said that in today’s world, if you give a man the money, then they will go for a drink, gambling, and recruit prostitutes, but once the money to the girls, they will be cooking, washing, to help others.

Peter can not see him from the “rich second generation” of arrogance and generosity, he said to the father to join the charity. He writes: “the wave of ups and downs in the economy, only people’s values is the most stable currency, and bring us the most good returns.”

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