People believe that investing is only a method to generate extra money apart from the main income
But man who has been selling newspapers since he was 14, who become a millionaire by investing
WB does not start any business, to become or he hold any property he just invest his money to become a billionaire
Still now WB is god father of investors, huge fans following, even a big investor watch his portfolio
In one interview wb asked, how a small boy who sells the paper in small town will become the world largest billionaire
Buffet said : earing money is not too hard to do , if you ask me how to become rich, there are two way to become rich either you need to run a business or invest in other successful business but whatever you do , do it with whole heath are else you will not successful.
WB early life:
Buffett was born on August 30th, 1930, in Nebraska, during a period when America was experiencing severe financial inflation. Even thinking about investment is very challenging
Buffett’s father MR. Howard Homan Buffett was a famous, well-known American businessperson, investor, and politician. Who ran a trading company where Buffett used to work part-time.
The buffet always things about entrepreneur life, he used to read more book especially a finance & business development book he like more,
Buffett’s father, Mr. Howard Buffett encouraged him a lot. One day, Mr. Howard Buffett took Warren Buffett to Wall Street, which makes Buffett a more excited about movement, the investor hub of the state.
Warren Buffett love the working culture of wallstreet with the same motivation Warren Buffett return to his home, it motivated him to buy the stocks of City service but unfortunately; the stock is not successfully gain the profit the stock faced the losses
After the Warren Buffett face the losses in the share market if my all the money which which I was owned by selling the newspaper and doing pattern works will loss in share market then means what I will do so that makes Warren Buffett feel some guilty in investing into share market but fortunately start growing getting little bit profit the time Warren Buffett and urgently sale his shares to save is capital, this is a situation most of the new investor will face but don’t worry even the legendary Warren Buffett fees face that seem feeling when he was in childhood after that the
Warren Buffett learn the greatest lesson of waiting in share market that he that that is will start growing start developing start improving is profit by shoes that time the Warren Buffett learn the main lesson in share market that mean we need to wait Do the Warren Buffett father is a great politician but he is not depend in father’s money business mind so you always think about how the entrepreneur things in the age of 13 10000 USD 10000 USD is not a small amount on those day is not even the Businessman have that much of money warren Buffett always do some jobs like selling hapus selling tickets for horse races and accept was so he always do or earn some money in early days even he earned from some kind of agriculture work also so what I have saving mines and he is mine is it is always save the money and invest in share market this is the great lesson that we want to learn from Warren Buffett
9 successful habits of Warren Buffett
The first habit is reading
Since he was a youngster, Warren Buffett has read a lot of books about financial investing and business, and he has always been eager to teach the tips and tricks of the trade. First and foremost, switch off your phone, any electronics, and anything else that can distract us, and put it away. Third, take a 10-minute gap in between each idea so that your mind can reset and be ready to detect the subsequent concept.Since he was a youngster, Warren Buffett has read a lot of books about financial investing and business, and he has always been eager to teach the tips and tricks of the trade. First and foremost, switch off your phone, any electronics, and anything else that can distract us, and put it away. Third, take a 10-minute gap in between each idea so that your mind can reset and be ready to detect the subsequent concept.
The power of compound effect
Well known about power of compound effect so use to always say the story of the king who was the last wish from his slaves who going to die the slaves ask in that cardboard of just like cardboard of black and white there is a 64 boxes in that in the first box that ba1 Rise and second boxer equal to rise and it will be multiple like 246 and a leg so on so when when it is 2064 box reach overall the rice quality is 210 billions kg so years are power of compound effect in the share market compound effect is a huge and Vital role to develop the money
The power of isolation thinking & no internet
Warren Buffett always spend time in alone he things spending a time alone is a time that we can able to find the solution in our problems so he suggested everyone to spend time and think about it if any problem think differently have the different solution for that so I have the different type of solution so that you choose the one solution to solve the problem
The board decision making
We need to decide what we like
for example if you buy the car and you don’t like that the car color looks like red colour but you like the blue colour should go and change it because the car owners your and you’re going to drive the car so what are the things which you like you decide the opinion from others don’t follow that always have the unique Idea and execute in your own
What you enjoy is an indication of not being bored, even if you are successful. Warren Buffett advises not to do what you don’t like, but to always do what you love, because if you do what you don’t like, you won’t be able to concentrate fully, you won’t be happy, and you won’t be fully efficient to do that work at the end of the day, you won’t be satisfied with life, you’ll be bored. If you do what you love, it will become your most interesting work and dedication level, and whatever you do you do wholehearted
Cash is the king
Even you are the millions in your bank account show the lot of girls new Bank locker lot of properties you have but have the cash in your pocket always liquidity care cash is always useful the always avada cache with you on all the time
Invest in yourself
Always invest in yourself because he’ll is always a skill that get you into the biggest position you have your education is good but your skill is a skill so always I have invested in you should develop yourself and become the most successful
Time management
Time management is a skill everyone have 83000 in your bank account so time is a money always use it wisely time once spended will not get it back so know the skin no the the how to utilise the time in proper way so time is a most important thing at a then money
Miss. Narmadha suggested this post since she had heard a lot about Mr. Warren from his uncle.
She like a quote of Mr. buffet “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
