Seven precepts of success from Warren Buffet
“If you’re all so smart, then why am I so rich. Warren Buffet”
This famous phrase is attributed to the charming American old-billionaire. An eccentric old man with the appearance of a provincial professor lives in a modest house in Omaha and often drives around on an old Honda bought 10 years ago in the secondary market for some 700 bucks. By car there is a license plate with the inscription “thrifty”, which translates as “calculating.” By this sign, almost any American will determine that this is the car of Warren Buffet – the most successful investor and world rich man nicknamed “The Oracle of Omaha.”
At the age of 6, Buffett bought Coca-Сola in his grandfather’s store for 25 cents, and then sold each of six bottles of 5 cents. The total revenue as a result was 30 cents and a profit of 5 cents. So the boy-businessman received the first profit.
So, here are seven tips for business victories from the most successful investor of the twentieth century and one of the richest people in the world:
1. Wealth is a state of mind
“I always knew that I would be rich. I never doubted it for a minute. ” – Warren Buffet
2. Success is more than a large bank account.
When asked by a CNBC correspondent about what he considers to be the main secret of success, Buffett replied: “When a person lives to my age and there are people who love him around him, this is success. And no matter how much money is in your bank. Also, it is important to do what you love and do it well. I have never met successful people who would do what they don’t like. The life of such people looks pathetic. ”
3. Spend less than you earn
“If your ship has given a leak, it is better to spend energy on changing the ship than on patching holes.” – Warren Buffet
You can not become a financially successful person if you can not curb their spending. Warren Buffett is known for leading a modest lifestyle, despite his multi-billion dollar fortune. He still lives in a house that he bought in 1958 for $ 31,800, and drives a used Lincoln.
4. Do not take consumer loans
The sooner you realize that consumerism is the social plague of modern times, fueled by large corporations to make you work for them, the sooner you can discard unnecessary things. Only a fool buys today what he can work only tomorrow. Since one day your working life will end, and the debt still remains.
5. Choose the right idols
“Spend time with people you think are better than yourself. It will help you move in the right direction. ” – Warren Buffet
6. Gambling is for fools
“Rule number 1. Never lose money. Rule No. 2. Never forget rule number 1. ” – Warren Buffet
Once Bill Gates admitted that he often beats a mortgage with Buffett, but at the same time it is worth no more than one dollar.
7. Generosity and wealth go hand in hand
“Among the billionaires I know, there aren’t any who would change the money beyond recognition. If they were assholes before getting rich, then they just became assholes with billions. ” – Warren Buffet
To have more, you need to give more, I’m sure Warren Buffet, also known as a philanthropist and a generous benefactor. In 2006, he transferred $ 30 billion to the Bill and Melinda Gates Foundation, which was the largest donation in the history of charity.