How To Get Rich According To Warren Buffett

How To Get Rich According To Warren Buffet

Hello ALUXERS! Have you downloaded the ALUX App yet?

How To Get Rich According To Warren Buffet?
How did Warren Buffet got rich?

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00:00 - Intro
00:23 - Make your first investment as early as possible
01:06 - Most newbies did it when they invested their first $100
02:05 - Don't get hung up on trying to make economic analysis
03:38 - Invest in index funds and never look at a headline
05:40 - By far the best investment you can make is in yourself
06:43 - Don't make investments unless you are psychologically prepared to hold them for extended periods of time
08:10 - Just because you can trade does not mean you should
09:31 - Know the difference between investing and speculating
10:41 - Looking at the price is not investing
11:54 - When stocks go down, it's good news

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[alux]

Hello ALUXERS! Have you downloaded the ALUX App yet?

[stephaniestella]

Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My husband and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...

[ClementRusso]

Taking early inspiration from Warren Buffett on the significance of solid asset diversification and risk management—it cannot be emphasised enough. I've been working on growing my $300K portfolio for some time now and would greatly appreciate any additional suggestions

[bobbymainz]

Like Warren Buffet said, dividends are only good if the business you're investing into can't make good use of that capital. So, if you're trying to invest in businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they're returning capital to you because they think you can make better use if it than they can. It's not much different from bond investing. The way I see it, if you have a $1 million at some point, that'd be enough to create a portfolio that would pay you between 50k - 70k in dividend income.

[nicolasbenson]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[graceocean]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[Nernst]

Great video, I've been interested in investing ever since I came across articles of people making up to $150, 000 and more in this period, thanks for the video but is it really possible for a retail investor to achieve this in months?

[johnlennon]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

[jonasmcclein]

Great video. watch several YouTube videos on how to trade in the market but haven't made any head-start because they are either talking some gibberish or Sharing their Story of how they made it and do not want to make mistakes by taking risks in my own handswil

[Christopher-fdge]

Crypto user could top 1B by the end of 2023 as nations continue to adopt Bitcoin Buy the dip, and HODLfor the long term .Bitcoin Always comes back.

[samuelwatt]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life

[Cristian_M_]

Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life

[emilymccord]

The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I start investing my cash in other to achieve all my dream with the help of Lucy Mary Liam. The difference Mrs Lucy Mary make in my life is second to none. It's definitely a life changing kindness. I really appreciate her effort in my life time.

[dianarabbanii]

It'd be great to know ways to make the best out of these crashing market, I mean I've heard of people that netted hundreds of thousands during these times, someone I listened to on a podcast earned over $250K in less than a month, what's the strategy?

[shaheemjackson]

Alux: The gift that keeps on giving 💙 💎 😉

[antoniaortiz]

This was wonderful advice 😊 thanks for the inspiration.

[younisyohanne]

Thank you, Alux. Stumbling across your channel was the best 'accident' in growing my Financial Education in years.
Fantastic video, as always. Warren Buffett may not appeal to everyone; but then, sadly, the world is full of people who prefer to get rich fast and shun the tried and tested way promoted by Buffet. But hey, who cares, Buffett is called the Sage of Omaha for a reason. Just ask the thousands of happy holders of Berkshire Hathaway stock!

[LisaMortis]

My greatest happiness is the $ 28, 000 biweekly profit I get consistently

[ericwilde]

I save and invest roughly 70% of my salary in the financial market (high yield etfs, equities, coins, gold, etc.). This is essentially how I made my first million dollars, albeit with an FA. I work as an engineer and live in upstate New York. My spending is modest. I pay minimal rent, have no debt, and my car is paid off. I can just save, then. At this moment, I consider myself lucky and am thankful that Kay is managing my portfolio because she is the only lady I know who is wealthier than I am, hehe.

[williama]

Love the idea of these series. Please more! 😍