Warren buffett's 10 formulas to be a successful business man & money making

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22/06/2022 http:// addingmoney.blogspot.com/ 1 Warren Buffet’s secret that can work for you. 10 Ways To Get Rich Warren Buffett Chairman & CEO of Berkshire Hathaway

Transcript of Warren buffett's 10 formulas to be a successful business man & money making

Page 1: Warren buffett's 10 formulas to be a successful business man & money making

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Warren Buffet’s secret that can work for you.

10 Ways To Get Rich

Warren BuffettChairman & CEO of Berkshire Hathaway

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When you first make money, you may be tempted to spend it. Don't. Instead,

reinvest the profits.

Reinvest Your Profits

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Be Willing To Be Different

Don't base your decisions upon what everyone is doing. Try to be different and above average. To

be above average, you need to measure yourself

by the Inner Scorecard, judging yourself by your

own standards and not the world's.

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Gather in advance any information you need to make a decision, and ask a friend or relative to

make sure that you stick to a deadline. 

Never Suck Your Thumb

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Spell Out The Deal Before You Start Your bargaining leverage

is always greatest before you begin a job -- that's

when you have something to offer that the other

party wants. Always nail down the specifics of a deal in advance -- even with your friends and

relatives.

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Watch Small Expenses

Exercising vigilance over every expense can make your profits – and your paycheck -- go much further.

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Limit What You Borrow

Living on credit cards and loans won't make you rich. Negotiate with creditors to pay what you

can, work towards becoming debt-free.

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Be Persistent

With tenacity and ingenuity, you can win against a

more established competitor.

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Know When To Quit

Know when to walk away from a loss, and don't let

anxiety fool you into trying again.

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Assess The Risk

Asking yourself "and then what?" can help you see

all of the possible consequences when you're struggling to make a decision -- and can guide

you to the smartest choice.

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Know What Success Really Means

“I know people who have a lot of money,” he says, “and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you've lived your life.”

- Warren Buffett

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I always knew I was going to be rich. I don't think I ever doubted it for a minute.

Thank You!