Warren Buffett – Money Mantras (4)

Success Secrets of  Warren Buffett, The Richest Investor In The World

Richness is a state of mind:

“I always knew from my childhood that I was going to be rich. I don’t think I ever doubted it for a minute.” The difference between being poor and being rich is really just a state of mind. Poor people think thoughts of poverty and lack, rich people think thoughts of abundance and prosperity.

Success is more than your bank balance:

Success is really doing what you love and doing it well. It’s as simple as that. I’ve never met anyone who doesn’t like his work and has become successful. Spend less than you earn: “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.” –Warren Buffett.

Avoid consumer debt (credit cards):

The sooner we realize that consumerism is a social plague that has been propagated by billion dollar marketing machines to keep you shackled to your job, the sooner we can stop spending money on useless stuff. But the debt is still going to be hanging over your head.

Associate with people who are better than you:

“It’s better to hang out with people better than you. Pick out friends  and associates who are richer than you or whose behavior is better than yours and you’ll learn a lot from and change the direction of your life.”

Gambling is a fools game:

“Rule No. 1: Never lose money. Rule No.2: Never forget Rule No.1.”

[blockquote style=”1″]“We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.” ~ Swami Vivekananda[/blockquote]

 

I am a CERTIFIED FINANCIAL PLANNERCM. For the moment, I have shared my experience growing up with you because it had a tremendous impact on how I do what I do.

If you have a question about your own financial situation please connect with me.  I’d be delighted to try to be of service.

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