Posted by Isidore Goodfellow in Money | 0 Comments
It’s Your Life, Learn From The Best
We have mentioned before the relationship with money. Personally, I believe that no matter how much money you have, no matter the size of your income, you need the right attitude towards your money. What do you do with your money? When you spend, do you make a difference between needs and wants? Do you have a plan for the future? In the following article, J.A. Davis has collected” Ten Inspiring Tips For Young People” from one of the World’s Wealthiest and Wisest men, Mr. Warren Buffett.
J.A. Davis, Ten Inspiring Tips For Young People– I know the article title mentions these tips are for “young people,” but hey, I did not realize the value of self-development until I was in my late twenties and early thirties. Imagine right now you have received a special meeting with Warren Buffett. Here are ten things he would tell you, to help you improve yourself, give yourself better opportunities for success in the future, or just light a fire under your rear-end to get you motivated.
Listen, you will probably hear everyone around you telling you to begin investing early. That’s a sweet story and marginal advice, at best. Do you want to know how fast those investments can disappear? Quicker than it took you to read these words. Gone. Nothing to show for it all. Invest in yourself. Am I suggesting you bury yourself in debt to student loans before you are 21 years old? Absolutely not. In our current age of internet accessibility, you can learn practically anything you want to, as quick as you want to. Find your passion, invest in yourself through gaining wisdom, knowledge, and never, ever, stop learning.
Break your bad habits early.
What is one habit you need to ditch, right now? For me, looking back, it was spending habits. They were worse than bad. Beyond horrible. As a teenager and young adult I would spend before I had, and borrow to spend more. Break your bad habits early. You do not want to learn every life lesson the hard way.
Know your strengths.
“You don’t have to be an expert on everything, but knowing where the perimeter of that circle of what you know and what you don’t know is, and staying inside of it is all important,” Warren Buffett said. Understanding how you are created, what your strengths are, and what your weaknesses are, is one of the most important things you need to know, immediately.
Do what you love.
Warren Buffett once said, “Work at a job you love.” Why would a billionaire say this? I believe it is because he understands nothing can bring you happiness if you spend your life in misery.
Never risk the important for the unnecessary.
When you have all of your necessities, do not go out and risk it all for a temporary moment of pleasure, or from a fit of rage. Use good judgement. Use common sense. This seems to be rare these days.
Don’t pass up good opportunities.
Sometimes good opportunities come along and we do not realize them. Sometimes, good opportunities require hard work and we ignore it. Don’t pass up a good opportunity when it makes you uncomfortable. Most of the time these opportunities will make you a little uncomfortable.