OK, admit it, you've done it too like I have. Imagining winning an enormous lottery jackpot is something that goes thru a normal person's mind.

What do you vision with this financial freedom? I see things like not having to go to work, the best of everything and no worries.

I think of an elaborate multimillion dollar home on the beach in Maui. I see cars, nice cars, parked by this home.

But let's stop right there on the home thing. What do you think a man like Warren Buffett would have for a home and what exotic location of the world would it be located?

How about a house he bought in 1958 for $31,500 in Omaha, NE? That's the home pictured here that one of the richest and named by Time Magazine, as one of the most influential people in the world lives in.

This old house has obviously had nice updates and is worth more than 30 grand. The property was last assessed in 2003 for $700,000. Still pretty basic for this man.