warren edward buffettknown as the “Oracle of Omaha”is one of the most successful and respected investors of all time. The sixth richest man on the planet according to the ranking of the forbes magazine, amassed a multi-million dollar fortune throughout his career as an investor and businessman. His unique approach and his management philosophy have made him a legendary figure in the financial world.
Throughout his long career, the executive director of Berkshire Hathawayalways revealed his strategies to succeed In the economy. Within all his talks, books and training, some of his phrases went down in history and are used as an example by many economists.
4 quotes from Warren Buffet that went down in history
1-“Don’t save what you have left after spending, spend what you have left after saving.”
buffett emphasizes that Instead of spending first and saving what’s left, we should prioritize saving. This means that before we spend money on purchases or discretionary expenses, we should set aside a portion of our income for savings. Buffett encourages us to be aware of how we make our economic decisions and how we manage resources.
2-“The difference between regular people and the really successful ones is that the really successful ones say no to almost everything.”
Saying “no” to certain activities, projects or requests is a valuable skill, not only in finances, but in everyday life. This allows us to free up time and resources to focus on what really matters. Successful people recognize that they cannot do everything and they choose wisely where to invest their energies.
Instead of succumbing to the temptation of impulse purchases and credit, take a conscious approach to your personal spending. An example of this is his choice to drive modest cars. (for what is their economic status).
Warren Buffett
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3- “The best investment you can make is in yourself.”
Warren Buffett is suggesting that one of the most valuable investments a person can make is in their own personal growth and development. This includes constant learning, improving skills and acquiring new knowledge and experiences.
Investing in yourself can be for example: formal education, as obtain academic degrees either training in specific areas of interest. You can also include the book readingthe attendance at seminarsparticipation in online courses and the search for mentors.
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4- “We must understand what success means”
Success is not about money. “When you get to my age, you will measure your success in life by how many of the people you want love youthey really love you. That’s the ultimate test of how you’ve lived your life,” Buffett says.
Source: Ambito
