Pros And Cons Of Warren Buffet
3 Timeless tips from billionaire boys club member Warren Buffet
If you’ve ever wanted sound financial tips from a financial guru, he’s your chance. Billionaire, Warren Buffet, is one of the world’s richest men and widely considered as the 20th Century’s most successful businessmen. Well versed in the art of making money, as well as keeping it, this money magnet knows exactly what it takes to build a fortune.
While we’ll never be able to accumulate even a quarter of Buffets net worth (reportedly around $70 billion) we all desire a luxurious life of financial freedom.
This desire for riches is perfectly normal (some would even say it makes one human), in reality, based on our current sources of income and spending habits, we are essentially diminishing …show more content…
A committed philanthropist, Buffet has always looked to share his wealth and knowledge with the world. Here are 3 timeless tips he personally lives by and have publically encouraged others to pursue.
“Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”
While a get rich schemes may seem more enticing than a long-term savings plan, the mirage that is get rich quick, only feeds into the human condition to want to do or receive something fast and the easy way.
We all imagine that due to billionaires like Buffet generating millionaires a year, they see no need for a savings plan. On the contrary, these guys build their ‘millionaire’ and ‘billionaire’ status by saving and investing their hard earned cash - which ultimately accumulates to an astronomical net worth.
“If you buy things you don't need, you will soon sell things you need.”
Common practice amongst us non-millionaires is to splurge as soon as we receive our salaries. While purchasing an item that we don’t need may assist with certain self-fulfillment needs; it usually leads to credit purchases of essential items and ends with us spiraling into
If you’ve ever wanted sound financial tips from a financial guru, he’s your chance. Billionaire, Warren Buffet, is one of the world’s richest men and widely considered as the 20th Century’s most successful businessmen. Well versed in the art of making money, as well as keeping it, this money magnet knows exactly what it takes to build a fortune.
While we’ll never be able to accumulate even a quarter of Buffets net worth (reportedly around $70 billion) we all desire a luxurious life of financial freedom.
This desire for riches is perfectly normal (some would even say it makes one human), in reality, based on our current sources of income and spending habits, we are essentially diminishing …show more content…
A committed philanthropist, Buffet has always looked to share his wealth and knowledge with the world. Here are 3 timeless tips he personally lives by and have publically encouraged others to pursue.
“Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”
While a get rich schemes may seem more enticing than a long-term savings plan, the mirage that is get rich quick, only feeds into the human condition to want to do or receive something fast and the easy way.
We all imagine that due to billionaires like Buffet generating millionaires a year, they see no need for a savings plan. On the contrary, these guys build their ‘millionaire’ and ‘billionaire’ status by saving and investing their hard earned cash - which ultimately accumulates to an astronomical net worth.
“If you buy things you don't need, you will soon sell things you need.”
Common practice amongst us non-millionaires is to splurge as soon as we receive our salaries. While purchasing an item that we don’t need may assist with certain self-fulfillment needs; it usually leads to credit purchases of essential items and ends with us spiraling into