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If You want to be successful, follow these 5 Warren Buffett's Advice
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Warren Buffett is largely regarded as the greatest investor of all time.
Buffett has controlled Berkshire Hathaway for 54 years, generating a 20.5 percent yearly return for his fellow shareholders.
Despite these figures, the famous billionaire is most renowned for his ability to simplify investment ideas into simple, catchy sound bites, and Uncle Warren's homegrown advice remains relevant.
The billionaire made his money through astute business decisions and savvy investing, and many people look to him for stock market advice.
His reaction is a five-word remark: "Invest for the long term."
The genius of it, though, is that it is about far more than bank accounts.
Buffett's five-word counsel, when applied correctly, will enable you to acquire success and expand bank accounts with no financial commitment necessary.
And in this video, we will be sharing 5 Warren Buffett’s advice for you to follow if you want to be successful.
The first Warren Buffett’s advice to follow is to think about the pull of short-term rewards versus the pull of long-term goals.
[pause]
Most of the time, it's hard for people to follow Buffett's advice because, as humans, we tend to make choices that give us a direct or immediate benefit.
When making a choice, the option with the most obvious benefit or the quickest payoff is usually the most appealing.
Psychologically and subconsciously, our brains are in a battle between short-term rewards and long-term goals.
This is because we are naturally wired to focus on short-term rewards, even if it means putting long-term goals on the back burner.
The right choice doesn't always have an immediate result. Instead, it will have a long-term effect that may be indirect.
To do this, think about which choice will be best in the long run.
Do you like one choice more than the other because it will help you right away? And will that benefit you in the long run, or will it just make you happy in the short term?
[pause]
Number two: Saying "yes" has a lot of power.
[pause]
We hear a lot about the power of words and how the best leaders and business people are very careful about how they spend their time.
But these are successful people. They don't have the same problems as people who are trying to get ahead.
People think that if we want to be successful, we need to do what those at the top do.
But the mistake is that we try to copy where someone is now instead of trying to figure out how they got there.
But it's likely that they didn't get to where they are now by doing the same things they do now.
So, even though we all need to be aware of how we spend our time, we shouldn't let "no" become our go-to answer.
When it comes to opportunities, yes-or-no questions can help you in the short term and the long term. Most of the time, saying "no" saves time in the short term (or energy).
On the other hand, if you say "yes," you may get a long-term benefit that is hard to see right now.
Even if the only benefit is making someone happy or getting the experience that comes with saying yes.
Buffett has controlled Berkshire Hathaway for 54 years, generating a 20.5 percent yearly return for his fellow shareholders.
Despite these figures, the famous billionaire is most renowned for his ability to simplify investment ideas into simple, catchy sound bites, and Uncle Warren's homegrown advice remains relevant.
The billionaire made his money through astute business decisions and savvy investing, and many people look to him for stock market advice.
His reaction is a five-word remark: "Invest for the long term."
The genius of it, though, is that it is about far more than bank accounts.
Buffett's five-word counsel, when applied correctly, will enable you to acquire success and expand bank accounts with no financial commitment necessary.
And in this video, we will be sharing 5 Warren Buffett’s advice for you to follow if you want to be successful.
The first Warren Buffett’s advice to follow is to think about the pull of short-term rewards versus the pull of long-term goals.
[pause]
Most of the time, it's hard for people to follow Buffett's advice because, as humans, we tend to make choices that give us a direct or immediate benefit.
When making a choice, the option with the most obvious benefit or the quickest payoff is usually the most appealing.
Psychologically and subconsciously, our brains are in a battle between short-term rewards and long-term goals.
This is because we are naturally wired to focus on short-term rewards, even if it means putting long-term goals on the back burner.
The right choice doesn't always have an immediate result. Instead, it will have a long-term effect that may be indirect.
To do this, think about which choice will be best in the long run.
Do you like one choice more than the other because it will help you right away? And will that benefit you in the long run, or will it just make you happy in the short term?
[pause]
Number two: Saying "yes" has a lot of power.
[pause]
We hear a lot about the power of words and how the best leaders and business people are very careful about how they spend their time.
But these are successful people. They don't have the same problems as people who are trying to get ahead.
People think that if we want to be successful, we need to do what those at the top do.
But the mistake is that we try to copy where someone is now instead of trying to figure out how they got there.
But it's likely that they didn't get to where they are now by doing the same things they do now.
So, even though we all need to be aware of how we spend our time, we shouldn't let "no" become our go-to answer.
When it comes to opportunities, yes-or-no questions can help you in the short term and the long term. Most of the time, saying "no" saves time in the short term (or energy).
On the other hand, if you say "yes," you may get a long-term benefit that is hard to see right now.
Even if the only benefit is making someone happy or getting the experience that comes with saying yes.