March 1st, 2011
Here is something that you may not realize about Warren Buffett: counting just his take-home pay, the Oracle of Omaha has to get by on only $1.923.08 a week.
But as we all know, there is quite a bit more to this story than meets the eye. After all, Warren is not exactly wondering where his next meal is coming from...
The difference, in this case, is in the dividends.
You see, aside from the paycheck he received from his "day job," Warren earned an estimated $42,583,971 in income last year from the dividends spun off from his own personal holdings.
Wealth Wire Editor Brian Hicks, featured guest on Your World With Neil Cavuto
Those dividends are what accounted for 99.76% of his estimated 2009 income, keeping him flush with cheeseburgers and business jets.
And with the yields on the benchmark 10-year Treasury note hovering in the 3.8% range and the market struggling to rebound, Buffett's dividend investment strategy will likely beat the market yet again in 2010, adding to his already massive fortune.
True to form, he buys them, holds them, and watches them grow. Simple - but effective.
So if you are ready to take the reins of your own retirement and learn how the other half lives, Wealth Wire has just the plan for you.
In it, you'll learn exactly how Warren lives like a king on just $100,000 a year.
- Wealth Wire
KLCI 6 July 2011
13 years ago
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