Warren Buffett’s Words Of Advice To Make Individuals Rich

In my work I get to see all kind of individuals , from people who earn a lot but doesn’t have any savings , individuals with decent jobs but have a healthy amount saved . Looking deeper into this I found some Warren Buffet advice helpful .

Buffett has lots of advice for investors, and it comes down to a simple statement

Get over yourself.

There isn’t a magical formula for making lots of money overnight, and that you can discover it because you’re smarter than any other investor in the WORLD !

Buffett approach and advice when comes to getting rich, slow and steady wins the race.

1.Focus on Saving, Not Getting Rich Quick:

“Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”

2.When Stock Prices Drop, Buy — Don’t Sell :

I like buying it as it goes down, and the more it goes down, the more I like to buy. … If you told me that the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday. I don’t know how to tell what the market’s going to do. I do know how to pick out reasonable businesses to own over a long period of time.”

3.Stay Away From Bitcoin

“Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Can’t argue with the worlds best investor .

Tony Evans
Tokyo

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