Savings Advice from the World's Best Investor

How is fortune made? Over a lifetime. Like the world’s best investor, self-made billionaire Warren Buffett says, "Life is like a snowball. All you really need is wet snow and a really long hill."

This year, Warren Buffett passed Bill Gates to claim the title of world’s richest man. His net worth of $62.0 Billion was certainly not made while he worked as a 13-year-old paperboy in Nebraska, you can be sure of that. However, the path to a comfortable financial future starts as soon as you can start and, if you haven’t started already, your path can start today.

In an upcoming biography, "The Snowball: Warren Buffett and the Business of Life," Buffett echoes the same wisdom that the YMCA Retirement Fund teaches its participants about building savings: Start early, be disciplined and consistent, and let the magic of compound interest do the rest.

"The Snowball: Warren Buffett and the Business of Life," by Alice Schroeder will be released on Monday, September 29 by Bantam. For more information, click here.