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Well, aside from the obvious hes a computer and business genius hes also a master saver.
Thats right, even Bill Gatesthinks about savings.
What he does, according to him, is he saves like a pessimist, invest like an optimist.
But what does that mean exactly?Lets breakdown how Gates built his wealth by saving like a pessimist.
Why did he do this?
Gates was worried about the people working for him.
He thought, What if we cant pay them?
They have families to take care of!
Think of it like having a really big piggy bank for emergencies.
If something bad happens, you have money saved up to help you get through it.
Investing Like an Optimist
But Gates didnt just save money.
He also spent money on things he thought would make more money in the future.
This is the invest like an optimist part.
Gates put money intonew ideas and technologiesthat he thought would grow and become more valuable over time.
This positive thinking led Microsoft to create new products and grow into different areas of technology.
Its one of the big reasons why Microsoft became such a huge and successful company.
From 1995 to 2017, Gates was called the richest person in the world 18 times!
His idea of careful saving mixed with positive investing can lead to big success.
Remember, though, Gates didnt get rich overnight.
He worked hard, made smart choices, and stuck to his money plan for a long time.
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