In 1977, Warren Buffet’s son, Peter, received an inheritance of $90,000. Had he kept that in Berkshire stock it would be worth about $200 million today!
However, Peter Buffett did not keep in in stock. Instead, he spent it on learning how to be a musician and composer. He now is an award winning artist and doesn’t regret his decision. So did he prove time is more valuable than money?
What if he didn’t become a successful artist? Would he still have no regrets?
In this episode we talk in detail about this situation and dive deeper into the concept of time vs. money.
Daniel J. Wendol is the owner of the Dolphin Financial Group. He is a CERTIFIED FINANCIAL PLANNER™, licensed as an Investment Advisor Representative, and also has an insurance license. He combines the investing and insurance worlds with a focus on retirement. ‘
Each week Dan hosts Dolphin Financial Radio, a podcast about the wide-ranging issues people face leading up to and through retirement.
Dolphin Financial Group acts in a fiduciary capacity to help people make life’s toughest financial decisions.