Warren Buffet, the second richest man who has donated $31 billion to charity.

Warren Buffett was only six years old, when he purchased 6-packs of Coca Cola from his grandfather's grocery store for twenty five cents and resold each of the bottles for a nickel, pocketing a five cent profit. While other children his age were playing hopscotch and jacks, Warren was making money. Five years later, Buffett took his step into the world of high finance.

At eleven years old, he purchased three shares of Cities Service Preferred at $38 per share for both himself and his older sister, Doris. Shortly after buying the stock, it fell to just over $27 per share. A frightened but resilient Warren held his shares until they rebounded to $40. He promptly sold them - a mistake he would soon come to regret. Cities Service shot up to $200. The experience taught him one of the basic lessons of investing: Patience is a virtue.

He bought a small farm aged 14 with savings from delivering newspapers.

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.

He drives his own car everywhere and does not have a driver or security people around him.

He never travels by private jet, although he owns the world's largest private jet company.

He does not socialize with the high society crowd. His pass time after he gets home is to make himself some pop corn and watch TV.

Warren Buffet does not carry a cell phone, nor has a computer on his desk.

His advice to young people:

'Stay away from credit cards and invest in yourself and Remember :

A. Money doesn't create man; it is the man who created money.

B. Live your life as simple as you are.

C. Don't do what others say, just listen to them, but do what you feel good.

D. Don't go for a brand name; just wear those things in which you feel comfortable.

E. Don't waste your money on unnecessary things; just spend on those who really are in need.

F. After all it's your life so why give the chance to others to rule your life.'