50 Wealth-Building Keys From Elon Musk and the Richest People on Earth

In Berkshire Hathaway’s 2023 shareholder letter, Buffett urged people to take a savings mindset from the get-go, and not to rely upon transfers of wealth.

“A common belief is that people choose to save when young, expecting thereby to maintain their living standards after retirement,” he wrote. “Any assets that remain at death, this theory says, will usually be left to their families or, possibly, to friends and philanthropy.”

“Our experience has differed,” he wrote. “We believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety.”