Any POOR person who does this becomes RICH in 6 Months | Warren Buffett
Summary
TLDRIn this finance-focused video, Warren Buffett shares his insights on developing successful financial habits that can lead to wealth accumulation. He emphasizes the importance of smart spending, understanding investment mechanisms, and working in unusual conditions to foster innovative thinking. Buffett also advises on avoiding common financial pitfalls such as neglecting personal development, misuse of credit cards, and unnecessary expenses. His simple yet profound advice is aimed at guiding viewers towards financial freedom and making wise decisions for long-term prosperity.
Takeaways
- đŒ Warren Buffett emphasizes the importance of good financial habits for wealth accumulation, suggesting that replacing bad money habits with good ones can significantly increase one's wealth.
- đ The billionaire investor advocates for smart spending, advising to evaluate purchases in terms of the hours worked to earn that money, which can help in making more informed decisions about spending.
- đŠ Buffett stresses the need for all income and expenses to be planned and tracked, regardless of the amount earned, to prevent wealth from disappearing unnoticed.
- đ° He highlights the importance of making money work for you through investments, rather than just saving it, to combat the effects of inflation and to potentially grow wealth.
- đ The script underscores the value of continuous learning, especially about investment mechanisms, as a key habit for financial success, as exemplified by Buffett's own daily reading habits.
- đ€ Buffett encourages thinking from different perspectives, such as working in unusual conditions, to come up with unique solutions and ideas, drawing a parallel to Albert Einstein's creative environment.
- đ The billionaire warns against common financial mistakes that lead to poverty, such as neglecting personal development, misuse of credit cards, and chasing the latest technology without need.
- đ He advises simplicity in lifestyle choices, including clothing and technology, to avoid unnecessary expenses that can hinder the path to wealth.
- đ« Buffett is known for his prudent approach to financial decisions, including avoiding debt, controlling subscriptions, and being mindful of small expenses.
- đ He also advises against the purchase of new cars as an unnecessary expense, recommending instead the use of used vehicles and careful consideration of long-term maintenance costs.
- đ° The script mentions Buffett's stance on avoiding gambling and other short-term wealth options, focusing instead on long-term, thoughtful financial strategies.
- đĄ Finally, the importance of developing human qualities such as patience, discipline, and the ability to say 'no' to almost everything is highlighted as crucial for true wealth and success.
Q & A
What is Warren Buffett's view on habits and their impact on financial success?
-Warren Buffett believes that habits, both good and bad, can significantly affect one's financial situation. He emphasizes that while bad money habits can hinder wealth accumulation, they can be replaced with good ones to increase one's financial wealth.
What is Warren Buffett's approach to spending money?
-Buffett suggests evaluating future purchases not just in terms of money, but in the number of hours spent earning that money. He advises to calculate the value of an hour of work and compare it to the price of the item desired to make more informed spending decisions.
How does Warren Buffett recommend managing personal finances?
-Buffett recommends keeping track of all income and expenses, regardless of the amount earned. He warns that even a large sum like a million dollars can disappear if not properly managed.
What is Warren Buffett's advice on investing money?
-Buffett advises that money should be invested to work for you rather than just lying idle. He suggests understanding the investment mechanism and considering different options to ensure that the money at least keeps up with inflation, and ideally grows over time.
How does Warren Buffett view the importance of personal development in relation to wealth?
-Buffett believes that personal development is crucial for wealth creation. He suggests that investing in oneself through education and skill enhancement can significantly increase one's income and is the best investment one can make.
What is Warren Buffett's perspective on the use of credit cards?
-Buffett sees credit cards as a potential financial pitfall if not managed properly. High interest rates can overshadow any benefits, and he advises to pay off debts on time to avoid financial strain.
How does Warren Buffett approach the idea of working in unusual conditions?
-Buffett believes in the value of working in different environments to gain fresh perspectives. He mentions that working in places like McDonald's can help in looking at problems from a different angle and combining ideas from various fields.
What is Warren Buffett's view on the importance of patience in wealth creation?
-Buffett emphasizes that patience is key to wealth creation. He states that one does not have to be very smart to make money, but rather one needs to be patient and wait for the right opportunities.
What financial habits does Warren Buffett suggest avoiding?
-Buffett suggests avoiding habits like neglecting personal development, using credit cards irresponsibly, chasing the latest technology, spending excessively on eating and drinking out, and splurging on unnecessary clothes and gadgets.
How does Warren Buffett approach the concept of risk in investments?
-Buffett advises to minimize risk in investments by not risking what one needs for what one wants. He also emphasizes the importance of understanding the odds of success in any financial decision and focusing on long-term benefits rather than short-term gains.
What is Warren Buffett's advice on saving money?
-Buffett recommends saving money by setting up automatic deductions from each paycheck and using tools to track spending. He also advises to save first and then spend what's left, rather than the other way around.
What habits does Warren Buffett believe contribute to financial success?
-Buffett believes in habits such as smart spending, investing money wisely, working in unusual conditions, focusing on personal development, avoiding unnecessary debt, and being mindful of small expenses.
Outlines
đŒ Warren Buffett's Financial Habits for Success
This paragraph introduces Warren Buffett's perspective on financial habits that contribute to wealth accumulation. It emphasizes the importance of replacing bad money habits with good ones, as Buffett believes that negative financial habits often go unnoticed but can hinder wealth growth. The paragraph also highlights Buffett's modest lifestyle despite his immense wealth, his early entrepreneurial ventures, and his dedication to continuous learning and reading. The key takeaway is that smart spending, understanding the value of time in relation to money, and investing wisely are foundational habits for financial success.
đ Unconventional Wisdom from Buffett: Global Market Insights from McDonald's
This section discusses Warren Buffett's unique approach to assessing global market situations, often preferring to do so in unconventional settings like McDonald's rather than a traditional office. Buffett's philosophy is that viewing problems from different angles can lead to innovative solutions. The paragraph draws a parallel to Albert Einstein's creative breakthroughs while working at the Swiss patent office. Buffett encourages readers to seek out obscure sources of information and to think independently in order to generate unique ideas and value. Additionally, it touches on common financial mistakes that hinder wealth accumulation, such as neglecting personal development, misuse of credit cards, and unnecessary spending on the latest technology.
đïž Avoiding Financial Pitfalls: Buffett's Advice on Spending and Saving
The third paragraph focuses on financial mistakes that often lead to poverty, such as overspending on luxuries like dining out, clothing, and gym memberships, as well as the pitfalls of subscription services and buying new cars. Warren Buffett's advice is to avoid these unnecessary expenses and to focus on building wealth through wise investment and saving. He advocates for maintaining a simple lifestyle, being cautious with credit, and prioritizing practicality over luxury. The paragraph also underscores the importance of having an emergency fund and the value of keeping cash on hand, as demonstrated by Berkshire Hathaway's practice of holding billions in cash reserves.
đ° Long-Term Wealth Building: Buffett's Strategies for Financial Success
In the final paragraph, Warren Buffett shares his long-term approach to wealth building, which includes developing healthy financial habits, avoiding unnecessary debt, and focusing on personal development. He stresses the importance of saving money, not losing money, and making decisions that benefit one's life in the long run. Buffett also emphasizes the value of patience, discipline, and continuous learning in managing finances effectively. The paragraph concludes with a reminder that money is not everything and that health, friends, and other life values should not be overlooked in the pursuit of wealth.
Mindmap
Keywords
đĄHabits
đĄFinancial Habits
đĄInvestment
đĄInflation
đĄPersonal Development
đĄCredit Cards
đĄGambling
đĄSpending
đĄSubscription Services
đĄRisk Management
đĄPatience
đĄWealth Accumulation
Highlights
Warren Buffett emphasizes the importance of good habits for financial success, suggesting that bad money habits can be replaced with good ones to increase wealth.
Buffett, despite his immense wealth, lives modestly, demonstrating the value of a simple lifestyle in conjunction with financial wisdom.
From a young age, Buffett was entrepreneurial, selling various items door-to-door, showing the importance of early financial independence.
Buffett's love for reading and continuous learning is highlighted as a key habit contributing to his financial knowledge and success.
The video suggests that timing is crucial in making money, and patience is more important than raw intelligence in the investment world.
Smart spending is presented as a critical habit, with Buffett advising to evaluate purchases based on the hours worked to earn that money.
Investing money wisely, rather than letting it sit in a bank, is recommended to combat inflation and grow wealth.
Buffett encourages learning the basics of investing and staying informed about market trends as a habit for potential investors.
Working in unusual conditions can lead to unique perspectives and innovative ideas, as suggested by Buffett's own habits and historical examples.
Personal development is highlighted as a crucial investment, with Buffett stating that knowledge and skills can significantly increase one's income.
The dangers of credit card debt are outlined, with Buffett recommending reducing or eliminating this form of spending to avoid financial pitfalls.
The pursuit of the latest technology is identified as an unnecessary expense that can hinder wealth accumulation, according to Buffett's advice.
Socializing at home instead of going out is presented as a cost-effective alternative that can save money while maintaining emotional well-being.
Buffett advises against overspending on clothes, especially flashy, inexpensive brands, and promotes simplicity in one's wardrobe.
Unused gym memberships are pointed out as a common yet avoidable expense, with Buffett advocating for more cost-effective ways to stay active.
Subscription services are warned against due to their potential for unexpected charges and the financial drain they can cause over time.
Buying new cars is discouraged by Buffett, who suggests considering used cars and the long-term costs of maintenance as a financially sound alternative.
Gambling is highlighted as a financial mistake that many people make, with Buffett advocating for long-term financial strategies over short-term gains.
Smoking is identified as a costly habit that not only affects health but also significantly drains personal finances.
Buffett stresses the importance of developing healthy financial habits and the discipline to save money before spending it.
The billionaire's advice on never risking what you need for what you want is presented as a fundamental principle for financial stability and success.
Keeping a significant amount of cash on hand is Buffett's strategy for financial security, akin to having oxygen available when needed.
Buffett warns against unnecessary debt and the importance of living within one's means to avoid financial ruin.
Attention to small expenses is highlighted as a key habit of frugal people, with Buffett's own anecdotes illustrating the impact of such habits.
Thinking long-term and patiently building financial strength is Buffett's approach to investing and life, emphasizing the importance of time in achieving success.
Financial literacy is presented as essential for managing money effectively, with Buffett advocating for continuous learning and minimizing risk.
Buffett shares personal insights on the value of non-material things like health and friends, suggesting that success is not solely defined by wealth.
The story of Buffett's bold visit to Geico insurance company is shared as an example of the importance of bravery in seizing opportunities.
Making tough decisions, such as closing unprofitable businesses, is presented as a necessary step towards long-term financial success.
Planning and setting goals before going to bed each night is suggested as a daily habit for achieving financial success and reaching desired heights.
Transcripts
successful people make a habit of what
unsuccessful people don't like to do
Warren Buffett told Bloomberg everyone
lives by their habits some of them
affect your health or personal life but
there are also those that directly
affect your wallet more often than odds
people don't even notice negative
financial habits which time and again
deprive them of any chance of getting
rich Warren Buffett believes that you
can't get rid of bad money habits but
you can easily replace them with good
ones this is the only way to increase
the amount of money in your life so if
you want to find out more keep watching
this video Until the End this is the
main channel on finance click the
Subscribe button now and join the ranks
of future
millionaires Warren Buffett is no
ordinary billionaire he's worth about
$16 billion but he lives rather modestly
he still lives in a house he bought for
$31,000 in 1957 prefers regular
transport to a private Business Jet and
plays Bridge instead of throwing parties
it is this unexpected combination of
immense wealth and a simple life that
draws the world's interest ever since he
was a child Warren Buffett began his
journey to becoming considerably Rich at
a young age he was selling Coke
newspapers magazines and gum by going
door to door to his neighbors I like
being my own boss and that's what
attracted me to print delivery I chose
my own way and no one bothered me at 5:
or 6:00 in the morning he delivered 500
newspapers a day getting a penny each
also one of the planet's top billi iones
had always loved to read his aunt gave
him the World Almanac which he still has
with him and Warren Buffett reads his
first book about investments in his
father's office to this day he devotes 5
to six hours a day to reading despite
the fact the development of Buffett's
business fell on the second half of the
20th century he continues to be active
in the New Millennium besides Warren
tirelessly monitors Trends in the market
and willingly shares some valuable
advice to help people get on the path to
enrichment when it comes to making money
the most important thing is timing you
don't have to be very smart you just
have to have patience says Warren
Buffett many people know Warren Buffett
as a guru of the investment World though
in fact he made most of his fortune
following the right Financial lifestyle
Warren is rightly called a billionaire
who clearly understands the value of
every dollar in this video I want to
draw your attention to the money habits
which Buffett actively uses as he said
in his interview I'm sure some people
will let this information slip past
their ears but Warren states that a
healthy money habit can easily become
the foundation of your wealth even if
your wallet is empty right
now habit one smart spending at first
glance this habit may seem trivial but
according to statistics more than 65% of
people do not know how to spend money
properly Warren Buffett has said it more
than once people tend to think about
where to spend the money they haven't
earned yet says Buffett in this case
Warren advises to evaluate future
purchases not in money but in the number
of hours you spend spend earning that
money ask yourself how many hours a
month do you work and how much money do
you get for it calculate how much one
hour of your work is worth and compare
the calculation to the price of the
thing you want if you make $4,000 but
want to buy a brand new Tesla for at
least $40,000 consider whether it's
worth it maybe before you start saving
up for it it's better to look for
additional sources of income also it's
important to note that Buffett
encourages people to plan for all income
and expenses no matter how much you earn
in spent the problem with a million
dollars is that it's a lot of money you
have to keep track of it or it will just
disappear and you won't even know where
says
Buffett habit number two only money
Works to make some extra money work
rather than just lying in a piggy bank
you need to know how the investment
mechanism works if you just keep your
savings they diminish as inflation
reduces their real purchasing power to
prevent this from happening the money
should at least be transferred to a
savings account the interest on which
outpaces inflation but this is not a
tool for earning money to make money you
need to invest it but to do this you
have to consider different options for
investing and figure out how not to lose
your savings you don't have to invest
your money in stocks tomorrow start by
beginning to understand the mechanism of
investing itself States Buffett take the
time to learn the basics of investing
regularly you can start by watching the
news on the topic every day instead of
scrolling through Facebook or Instagram
in the morning set aside 10 to 20
minutes for some useful reading analyze
what happens to stocks every day by the
way the stock returns of American it
giants like Facebook and Google are 30%
a year isn't it great that social
networks can not only eat up your time
but also bring in a lot of money future
millionaires before I continue I want to
ask you to support this video and give
it a thumbs up after all your activity
can help more people learn about this
useful financial
information habit number three work in
unusual conditions this advice from bu
bu it may seem rather strange although
the billionaire himself is an avid fan
of assessing Global Market situations
while sitting in McDonald's rather than
in his office chair I always associate
money with big problems which in turn
need to be solved to do that you always
have to be able to look at things from a
different angle says Buffett a good
confirmation of his words is the story
connected with Albert Einstein in 1905
Einstein published four scientific
papers that changed the foundations of
modern physics and our understanding of
space time and matter curiously he wrote
them not in a Physics laboratory or his
office but in the Swiss patent office
working in such an environment allowed
him not to get hung up on laboratory
methods when your working conditions are
different from most people in your field
you can draw unexpected conclusions
combine ideas from different fields if
you read what everyone else reads you
will think like everyone else and if you
think like everyone else you will not be
able to come up with anything new or
unique be curious seek out obscure
sources study what no one else has
studied then your work will be truly
valuable to
others Warren Buffett is known for his
simple yet profound Financial wisdom he
believes that people often spend their
money on absolutely stupid and
unnecessary things thus blocking their
path to wealth and by eliminating the
following most common Financial mistakes
you can dramatically change everything
and finally get rich the first thing all
poor people do is neglect personal
development Buffett believes that the
best investment you can make today is to
invest in yourself upgrading your skills
getting a quality education these are
the things that can significantly
increase your income employers are
looking for people with knowledge often
they do not have time to train they want
to find that person who already knows
what to do and such a person is willing
to pay good money and if you want to be
a self-employed person competence in
business and its processes will never be
Superfluous in creating your own
business your Knowledge and Skills are
ask assets that no one can ever take
away from you try to gather as many of
them as you
can using credit cards is the second
mistake that all poor people make sure
credit cards can be convenient and
useful especially when there is a desire
to buy something and your own funds are
not yet sufficient but the interest
rates on credit cards absolutely
overshadow any benefits if you forget to
pay your debts on time just sit down and
calculate how much you can actually
spend in a year to pay off all your
credit card debts I'm sure you'll be
surprised Warren Buffett recommends
cutting out this part of your spending
first you will stop spending more than
you earn and second you will save a nice
amount of money that you can spend on
your education for
example the next expense of a poor
person is the search for the latest
technology new gadgets are always nice
marketing tricks of the modern world
know how to make people want a fresh
product but if you have definitely
decided to take the path of enrichment
start to assess your capabilities and
the need for a new Gadget it is quite
possible that your your old Gadget is
still working perfectly well and does
not need to be replaced so there is no
point in spending money on it Warren
Buffett for example prefers functional
technology if he sees that the product
is practically no different from what he
already has the richest man in the world
will not buy
it visiting bars restaurants and pubs
everybody does it especially poor people
spending on eating and drinking out is
one of the most problematic areas of a
person if you have decided to become
rich you should forget about this kind
of luxury especially at the stage when
you are moving towards Financial Freedom
since we are all human beings
socializing and having fun is an
important part of our social life
replace going out with socializing at
home your emotional well-being won't
suffer but the financial part will be
saved now it's time to splurge on
clothes have you noticed how the richest
people in the world dress most of them
prefer Simplicity in their wardrobe
including Warren Buffett this is
especially true for those who want to
Escape poverty forget about flashy
inexpensive Brands you often pay too
much just to have a famous name on your
T-shirt these are just cloth the stores
are full of Alternatives that are often
just as good as the brand
names unused gym memberships are another
expense for the poor person did you know
that statistically 80% of those who
bought a membership quit the gym now
cheap offers from Fitness networks are
very common they say that you can buy a
season ticket for a year or 6 months at
a very attractive price however in the
end most people stop going to the gym it
seems like you've saved a lot by buying
a cheap membership but you actually lost
money by not using it Buffett encourages
an active lifestyle but warns against
this kind of spending if you were one of
those people who has bought a yearly
subscription and then stopped going
first try to work out for free at home
or in the fresh air or consider a
monthly subscription that requires you
to go to the gym that
month subscription services are also a
poor men's Financial mistake check in
monitor what you subscribe to on a
regular basis very often services that
offer a bargain require you to provide
credit card information so that when the
free trial period ends you are
unexpectedly charged you remember about
the subscription only after the
transaction you promise yourself to
cancel any auto renewals then you forget
again you get charged again and
everything goes in a circle and you get
less and less money that could have gone
to good causes control your
subscriptions if you got something on
sale set a reminder to disable able the
renewal at the end of the sale better
yet do it a day or two in advance as
some services like to write off money in
advance buying new cars according to
Warren Buffett is a serious expense to
avoid cars are notorious for wearing out
quickly the billionaire recommends
looking for used Brands and keeping them
as long as possible and don't forget
that any car needs constant inspection
and repair if you are planning to make
such a serious purchase think about how
you will maintain your car in the future
and before you do think carefully about
whether you need it at all given your
financial situation it is not uncommon
for people to buy such a luxury item
because they want to be comfortable
equal to other people but in fact their
financial situation does not allow for
such an
expense the following Financial mistakes
are the fundamental Poverty of many
people pay close attention to them but
before you do give this video a thumbs
up if you want to achieve impressive
financial success let that thumbs up be
the first but most important step on the
road to wealth and the next mistake is
gambling although it may seem like a
shortcut to increasing wealth Warren
Buffett stresses the importance of
understanding the odds of success in
gambling the billionaire encourages
people to make financial decisions that
will benefit your life in the long run
rather than focusing on short-term
wealth options many people got burned
doing just that we tend to blow large
sums of money hoping to get lucky and
this process can happen over and over
again it is good to be able to stop but
there are also those who get completely
caught up in the excitement know that a
long-term perspective with thoughtful
steps is much more important than making
money here and
now and I won't forget to mention
smoking yes this is exactly what takes
tons of money out of your pocket and
also negatively affects your health I'm
sure you've seen articles about how much
you can save by quitting smoking not to
mention that a simple calculation can
show you a figure of thousands of
dollars which can definitely lead to a
significant increase in your personal
budet
Warren Buffett is known as one of the
greatest investors of all time that
means this is the man who knows what you
need to do to multiply your Capital it
is important to mention that in addition
to practical Financial advice the
billionaire emphasizes important human
qualities that must be developed if you
want to become truly Rich first and
foremost Warren Buffett suggests
developing healthy financial habits
speaking to students Buffett once said
much of our behavior is determined by
habit and it is not for nothing that
they say its chains are too light to
notice at first and too heavy to break
when you finally notice them we would
all like to break some habits but the
most important one we should acquire is
the habit of saving money properly don't
save what's left over after you've spent
it spent it after you've saved it says
waren Buffett to make this painless for
you it's best to set up an automatic
deduction of a small amount from each of
your pay checks and use programs that
show you the percentage of your monthly
spending on different product categories
never lose money rule number one never
lose money rule number two never forget
rule number one it's a strange
recommendation after all there's hardly
anyone who thinks losing money is a good
idea but it is not that simple it is
very wise and practical advice to avoid
risk as much as possible to be
successful and live happily never risk
what you need for what you want says the
billionaire Warren Buffett himself
followed this Rule and never made risky
Investments he said the difference
between successful people and the truly
successful is that the truly successful
say no to almost
everything don't keep all your money in
an account keep some in cash another
unexpected suggestion considering that
Buffett's Fortune is estimated to be $15
billion as of 2023 his company birkshire
Hathaway always has about $20 billion in
cash ready to be given away at any time
this seems unreasonable and goes against
the General principle of Finance years
to invest money and not keep it under
the pillow and he loses a lot if that
money isn't invested in some project and
doesn't make a profit but that's what
saved Warren's company during the 2008
crisis as Buffett says cash to a
business Is Like Oxygen to the body you
never think about it when you have it
and you only think about it when you
don't have it dollars are somehow more
trustworthy than checks it's especially
important for those with inconsistent
income to follow this
rule borrow wisely Buffett warns against
taking on unnecessary debt credit cards
installment loans mortgages all will
lead to the day when your loan payments
exceed your expenses and there will be
no turning back I have seen many people
fail because of alcohol but I've also
seen just as many people go bankrupt
because of an excessive craving for
credit if you're smart you can make
money without
credit pay attention to small expenses
Buffett always pays attention into small
expenses and trusts only frugal people
for example he bought a company whose
owner counted rolls of toilet paper to
see if he was being cheated the most
interesting case that reflects the
Billionaire's attention to small
expenses took place in China there
Warren Buffett and Bill Gates decided to
go to the local McDonald's for a snack
Buffett insisted on paying the bill
himself to everyone's surprise he pulled
out discount coupons he had brought with
him from America to partially pay for
the meal and save
money think in terms of a decade not a
month most people make the same mistake
of trying to make the most of the
present moment don't chase the quick Bob
concentrate on building your strength
and confidence gradually over a lifetime
Warren Buffett advised successful
investing requires time discipline and
patience it doesn't matter how talented
you are or how hard you work some things
just take time you can have a baby in a
month by impregnating nine women Buffett
said think in terms of decades gradually
accumulating the needed for your
children's education or your
retirement read all you can about
finances go to bed at night smarter than
you woke up in the morning Buffett said
a big part of my job as an investor is
to minimize risk and cut costs and what
is the risk to an average person not a
finance year it's when you don't know
what you're doing the more you learn
about money and the laws of money the
greater your financial literacy the
better you can manage your money and
know how to make the most of it no
matter how much you
have money isn't everything some
material things have made my life
happier but if you get a lot of them it
will do the opposite Warren Buffett once
said the billionaire says he wouldn't
give up a plane but half a dozen houses
is a problem in his opinion it often
happens that a large number of
possessions begin to own the owner
himself therefore do not forget about
other no less important values for
example Health without it success is
impossible a according to Buffett the
same is true for friends the billionaire
considers his friends to be the most
important thing after
Health be brave in 1951 when Warren
Buffett was not even 21 years old he
took a train to Washington DC and
knocked on the door of the headquarters
of Geico insurance company where
Benjamin Graham his future Mentor worked
Buffett's bold appearance in Graham's
office led to Graham giving the young
man a 4-Hour lecture on the insurance
industry Graham would go on to become
the CEO of Geico and Buffett would
remain associated with the company for
years to come today Burkshire owns Geo
and berkshire's insurance interests are
what Buffett calls one of the company's
crown jewels if Buffett hadn't dared to
show up at Geico that day 72 years ago
none of this would have happened but
boldness pays
off make tough decisions initially
birkshire Hathway's primary Market was
textile mills Buffett supported them for
many years but in 1985 he sold the Mills
because the business was no longer
profitable it was a difficult decision
for Warren but one that was important
for future success these situations are
common in life for example it is more
profitable to give up an expensive
vacation and invest in a retirement
fund the road to financial success for
every rich person is paved before they
go to sleep virtually all poor people
will not do this it is about planning
every night before you go to bed write
down a list of the most important things
that need to be done in the morning to
get closer to your desired Heights every
evening analyze the way you have done
for the day draw conclusions adjust your
direction write down the tasks go to bed
and in the morning in your head and on a
sheet of paper you will have a road map
a readymade plan fulfilling which you
are waiting for indestructible success
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