10 Consejos from Warren Buffett, the best

10 Consejos from Warren Buffett, the best

Regardless of your profession, your current situation in life, or what your projects are, the advice from warren buffett that you will see below will be very useful for you.

His life journey and the fortune he has amassed are to be admired, and surely something perro be learned from the life of a man who, exaggerating a bit, everything it touches turns to gold.

Warren Buffett’s advice not only includes his best investment decisions, but involves habits, decisions and a lifestyle that will lead you to achieve great results.

Warren Buffett’s Consejos for Succeeding in Life:

With a fortune of more than $80 billion and ranked as the best investor of all time, Buffett is recognized for his commitment to value investing.

And when we talk about value investments, we are not only talking about investing money, but about the way we take care of our time, with whom we share it and what habits we have.

Within Warren Buffett’s advice, the importance of the investments we make in ourselves stands out for him. According to Buffett, you will never get a higher return in life than what you invest in yourself.

So here are the best consejos on how to invest your money, time and resources according to Warren Buffett.

1. The importance of reading:

It all starts here. You need to develop healthy habits that allow you to function at your full potential, otherwise you will not be able to rise to the occasion in your life.

Warren Buffett believes that reading works in the same way that compound interest does; each day that passes you are building knowledge, adding information and reading.

Over time this will exchange with each other, generating new ideas and knowledge that you cánido implement in concepts and strategies that facilitate your investment process, your business ideas and life in general.

Warren Buffett admits that he spends about 80% of his day reading, and according to him, this is the reason why he manages to make wise and intelligent investment decisions.

If you ask him, for him it is not a matter of the number of pages you read in a day, no, everything is limited to your capacity for critical and in-depth analysis of the material you are studying.

This is the way to take your knowledge and money to a whole new level, and reap the benefits of this intellectual investment for years to come.

2. Cultivate positive habits in your daily routine:

One of my favorite Warren Buffett quotes says that “the chains of habit are too light to be felt, until they are too heavy to break.”

In other words, you are the result of your habits. So start small, you cánido apply the Kaizen Method and develop habits that put you in a winning position against your goals.

After you start, schedule yourself to do it tomorrow, you don’t need to start too big, just take small steps that build a routine in your life.

One of the advice from warren buffett that best express the importance of habits is that, “what you do now is what determines how your body and mind will function in 10, 20, 30 and 40 years.”

3. Never stop learning:

Warren Buffett understands very well the importance of constantly learning and looking for all the tools that allow him to be smarter.

An example of this is that, at the age of 21, Buffett was terrified of speaking in public. So he made the decision to invest $100 in a training course. Dale Carnegie to speak in public.

This course ended up being a great investment, to the point that it helped him propose to his wife.

This need to be learning new things corroborates it charlie mungervice president of the Berkshire Hathaway corporation who said:

“Warren Buffett has become a better investor since the day I met him, and so have I. If we had decided to stay with the knowledge we had, our investment record would never have reached this level, it would be much worse. So the game is to never stop learning.”

How perro you apply this in your life? Most people think that education ends with college, which is a mentality that will hardly allow them to progress.

These consejos from Warren Buffett espectáculo us that life is a continuous learning process, and there are many ways to achieve it. For example:

  • Attend conferences, seminars and meetings that are topics of interest to you.
  • You perro study en línea, from en línea master’s degrees to training courses in specific topics.
  • Talk to people and ask them questions (listen more than you talk).
  • Spend time researching about those topics that interest you and move you.
  • Travel more, there are many ways to earn money traveling so don’t just stay in one place for your whole life.

4. Surround yourself with excellence:

It has been said that you are the average of the 5 people with whom you spend most of your time. In other words, the people you spend time with influence who you become. Look around you and ask yourself the following questions:

  • Are the people next to you making you a better person or are they taking you down with them?
  • Are most of them positive or do they usually have a “glass half empty” view?
  • Do you feel better when you are around him, or do you feel worse?

If you have toxic people by your side, with a negative influence on your life, you have to get away from them, or limit the time you share with them.

While this perro be difficult when it comes to a family member or a colleague at work, you will need to be firm in your decision if you want to build a better self.

One of Warren Buffett’s most valuable consejos to remember in your life:

“I have learned that it is worth surrounding yourself with people who are better than you; because you will float a little more and ascend. While surrounding yourself with people who behave worse, you will soon slip. It just works that way.”

5. Success is a process that takes time:

The more than 80 billion dollars that Warren Buffett accumulates are the products of many years of work, effort, intelligence and specialized work.

His life is an example of persistence, and here are a few examples:

  • Buffett made his first investment at age 11, buying shares in the company Cities Service Preferred at $38 dollars each.
  • As a very young man, Buffett was already earning $175 a month, thanks to his various jobs such as a delivery boy for The Washington Articulo, which he later acquired.
  • Other of his jobs were selling used golf balls, stamps, car polishing, he had a pinball machine business, and he turned a horse track into a very lucrative recreational park. All of this translates to having more than $53,000 saved by age 16.

So, start working immediately on the projects you are passionate about. Be creative, look for new sources of income, learn to earn plus money in your free time and constantly look for new business opportunities.

When you have a growth and opportunity-seeking mindset, sooner or later life will start to espectáculo you ways and put you in situations where you cánido realize your full potential.

In the case of Warren Buffett, his habits and decisions began to espectáculo results. For example, more than 99% of Buffett’s fortune was accumulated after he turned 50 and during 2013 he managed to earn an average of 37 million per day.

6. Take a methodical approach:

Within Warren Buffett’s advice you will find the importance of judicious decisions, based on information and hard data.

In the case of Buffett, this is based on the numbers, the facts and, above all, the results. Which gives you the advantage of testing your hypotheses and new ideas before other people who assume emotional criteria.

In a nutshell, this allows Buffett to make smarter, more conscious decisions, since they are not influenced by the opinion and perspective of others, relying on raw numbers has allowed him to achieve higher returns. ridiculously high through their years.

An example of this is that if you had invested $1,000 dollars in the company Berkshire Hathaway in 1964, which was a textile company on the verge of bankruptcy, and which was acquired by Buffett and turned into his financial conglomerate, today your investment will be valued at $11.6 million dollars.

In business, and in investments, it is important to hurry up and capitalize on the business opportunities that are presented to you, but not in any way, or by making impulsive decisions, quite the contrary, apply these advice from warren buffett and have a methodical criterion.

7. Spend time getting to know yourself:

To be successful in life, you first have to know what your calling is, that is, you must discover and build your life purpose.

As Warren Buffett puts it, “never stop looking for the job you are passionate about. Try to find the job you would have if you were rich. Forget the salary. When you associate with the people you love, doing what you love; There is nothing better than that”.

This advice is extremely valuable in a time of life, where we associate everything with generating income, being productive at work and performing professionally. However, how are the other facets of your life?

Your time is extremely valuable and unique to waste it doing something that doesn’t fulfill you; rather invest some of it getting to know yourself better. Here are some ways to do it:

  • Meditate, even if you think you are not capable of doing it. Here is a guide to learning to meditate.
  • Practice yoga, in this way you will connect your mind with your body.
  • Write some aprecies in your journal in the morning. Be thankful every day for those people and things you have in your life.
  • Find hobbies you enjoy (and do them seriously).

You only have this life, why not live it to your fullest potential? Invest as much as you perro in yourself right now, you will surely see results that you never would have thought.

8. Learn to influence other people:

For Warren Buffett, his most decisive and valuable skill throughout his life was to influence and persuade other people.

As we mentioned earlier, one of Buffett’s first investments was to take the course on Dale Carnegie, which later became the book How to Win Friends and Influence People in order to learn how to communicate and influence the people next to you.

Without his influence Buffett would not have been able to buy so many companies, get investors out of the way, convince them to work for him for free, negotiate multi-million dollar contracts and build profitable businesses.

Learning to communicate was so important to him that the only diploma he has hanging on his office wall is from the Dale Carnegie course. For him, this is one of his greatest achievements.

It may interest you: How to manipulate people according to Steve Jobs and get what you want

9. Take calculated risks:

When fear and uncertainty arrive, this businessman takes huge financial risks and invests in stocks, in foreign countries and buys companies on the verge of bankruptcy.

While most investors become cautious and nervous during bear markets, Buffett seizes opportunities to generate income.

As he himself puts it, “I will tell you how to become a millionaire. He closes the doors. Be fearful when others are greedy. Be greedy when others are fearful.”

As an investor, Warren Buffett understands that the best investments are the result of taking calculated risks over a long-term horizon.

He is not investing to make a quick buck here and there, buying and selling in the same day, in the same week, or in the same month. His investments are here to stay and his patience has brought him good results.

The results? Warren Buffett has managed to beat the market for several years in a row, has been ranked as the greatest investor of all time, and has returned more than 15% for more than 20 years.

10. Live with less than you have and invest:

Finally, if Warren Buffett had not reduced his expenses or saved money, he would not have had the opportunity to face the market, to beat it, much less accumulate so many billions of dollars.

So one of Warren Buffett’s key consejos for success is, learn how to save money and get started right away.

Warren Buffett’s life is proof of this, as he leads a fairly frugal lifestyle; so much so that he continues to live in the same house that he bought in 1956 in Omaha for $31,500.

And despite the fact that his investments leave returns estimated in the millions of dollars, his salary at Berkshire Hathaway is $100,000 a year, which allows him to live a life far from luxuries and eccentricities.

conclusions

These consejos from Warren Buffett that you just read are the pillars that allowed the “Oracle of Omaha” to build a life of success and wealth. Buffett is said to have donated more than $20 billion in his lifetime, so his actions have had a positive impact on the course of humanity.

If you want to change your life, and opt for habits that have been tested by one of the richest men on the planet, you cánido follow the advice of Warren Buffett.

Continue reading: 25 Successful Entrepreneurs Who Made History With Their Triumphs

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