Warren Buffet’s Life Advice
One of the most famous lines from Benjamin Franklin, “The only thing that glows in the eyes of a rich man is his riches,” is often quoted by admirers of Warren Buffett. What is their secret, and why does it work? There are actually several answers to this question, but we will concentrate on three aspects. These three aspects are the emotional bond that develops over time, the need for recognition and the need for self-esteem. By breaking down these three aspects, you can understand how the wealthy attract the wealthy, and the way you can be wealthy yourself.
The first thing that the gentry do to become rich is to accumulate great amounts of money. They do this by having a lot of acquaintances and contacts, purchasing art and expensive furniture, and funding educational opportunities. In terms of emotional bonds, these people have similar goals: they want their possessions to be appreciative of their abilities and actions. But they also want to know that they are not the only ones who have what they think they have. By recognizing this bond, they can feel secure in their position as well as allow other to be just as rich.
Recognition is a hard thing to come by
This is because each one of us has our own unique talents, and we tend to value ourselves quite highly for those things. But being appreciative of others can help us to develop into more confident people who accept other people the way they are. We also gain a feeling of pride when we see success in others.
Self-esteem is an aspect that many of us lack. When we think highly of ourselves, we begin to have a better opinion of others. It can be difficult, however, when we begin to compare ourselves to rich or famous people. Our own self-worth may drop, and we may even feel insecure. But recognizing our flaws, as well as learning from our successes, can help us feel more confident about ourselves.
Warren Buffet was quoted as saying, “A person’s life is a journey, not a destination.” He further stated, “Not knowing where you are going, but knowing where you’ve already been can serve as the impetus for success.” It is important to have goals, and to achieve them. But if there is no vision, no direction, no goals, then life becomes a series of trials and tribulations.
There are those of us who like to think big
The truth is that many of us are not born with the ability to do so. However, that does not mean that it is not within our reach. By setting small goals that we can accomplish within a given time frame, and then working toward them one step at a time, we can move forward toward greater success. We must be willing to follow up on every promise that we make.
Another quote that he often tells us to consider is, “Do not let your dreams become reality. Dreaming is only a means to achieve your goals. If you are not strong in purpose, you will lose sight of your goals.” When we allow dreams to guide us, however, we will be able to live life to its fullest. This means that instead of being rich, we will have sufficient wealth to support all of the needs and desires in our lives.
One final point regarding this life advice from Warren Buffet is to take advantage of every opportunity that comes our way. This may include both good and bad. Sometimes, it will be negative. But, if we allow ourselves to look at the opportunities that come our way, we will be able to use them to grow and expand. So, instead of focusing on the negative, we can turn it into a positive thing by seeing it as an opportunity to learn and grow.