Bill Gates just appeared on ‘Ask Me Anything’ section of Reddit.com to converse with the public and has replied with some really interesting answers to some of the questions asked. Here are a few of them that might interest you.
Q. What is your best personal financial advice for people who make under $100,000 per year?
Bill: Invest in your education.
Q. What is different about Bill Gates age 20 years and today, except for the time?
Bill: 20 years ago I would stay in the office for days at a time and not think twice about it – so I had energy and naivete on my side. Now hopefully I am a bit more mellow but with a little extra wisdom.
Q. Any luck with the condom design competition?
Bill: This is a sensitive topic. The idea was that men don’t like the current design so perhaps something they would be more open to would allow for less HIV transmission. We still haven’t gotten the results. One grantee is using carbon nanotubes to reduce the thickness.
Q. Hey Bill, have you made any plans to artificially prolong your life?
Bill: No I don’t. Other people think about that but I wouldn’t want to extend my last few years unless that is happening for most people.
Q. Any advice on how entrepreneurs of today and tomorrow should go about balancing business and philanthropy… or do they have to succeed first in order to give later?
Bill: Just creating an innovative company is a huge contribution to the world. During my 20’s and 30’s that was all I focused on. Ideally people can start to mix in some philanthropy like Mark Zuckerberg has early in his career. I have enjoyed talking to some of the Valley entrepreneurs about this and I am impressed and how early they are thinking about giving back – much earlier than I did.
Q. What is your most expensive guilty pleasure purchase?
Bill: Owning a plane is a guilty pleasure. Warren Buffett called his the Indefensible. I do get to a lot of places for Foundation work I wouldn’t be able to go to without it.