Need is a strange word here. There is a misconception that being rich = being happy.What ever you have you can get faster, better, healthier, lighter, stronger and just plain sexier with the top 10 rules.Today I am going to show you the top 10 best ways to get rich.
1.Know What Success Really Means
Despite his wealth,
Warren Buffett does not measure success by dollars. In 2006, he pledged
to give away almost his entire fortune to charities, primarily the Bill
and Melinda Gates Foundation. He’s adamant about not funding monuments
to himself — no Warren Buffett buildings or halls. “I know people who
have a lot of money,” he says, “and they get testimonial dinners and
hospital wings named after them. But the truth is that nobody in the
world loves them. When you get to my age, you’ll measure your success in
life by how many of the people you want to have love you, actually do
love you. That’s the ultimate test of how you’ve lived your life.”So you have to know how to be succeeded.
2.Be Willing To Be Different
Don’t base your decisions upon what everyone is saying or doing. When
Warren Buffett began managing money in 1956 with $100,000 cobbled
together from a handful of investors, he was dubbed an oddball. He
worked in Omaha, not Wall Street, and he refused to tell his parents
where he was putting their money. People predicted that he’d fail, but
when he closed his partnership 14 years later, it was worth more than
$100 million. Instead of following the crowd, he looked for undervalued
investments and ended up vastly beating the market average every single
year. To Warren Buffett, the average is just that — what everybody else
is doing. to be above average, you need to measure yourself by what he
calls the Inner Scorecard, judging yourself by your own standards and
not the world’s.
3.Never Suck Your Thumb
Gather in advance any information you need to make a decision, and ask a
friend or relative to make sure that you stick to a deadline. Warren
Buffett prides himself on swiftly making up his mind and acting on it.
He calls any unnecessary sitting and thinking “thumb sucking.” When
people offer him a business or an investment, he says, “I won’t talk
unless they bring me a price.” He gives them an answer on the spot.
4.Spell Out The Deal Before You Start
Your bargaining
leverage is always greatest before you begin a job — that’s when you
have something to offer that the other party wants. Warren Buffett
learned this lesson the hard way as a kid, when his grandfather Ernest
hired him and a friend to dig out the family grocery store after a
blizzard. The boys spent five hours shoveling until they could barely
straighten their frozen hands. Afterward, his grandfather gave the pair
less than 90 cents to split. Warren Buffett was horrified that he
performed such backbreaking work only to earn pennies an hour. Always
nail down the specifics of a deal in advance — even with your friends
and relatives.
5.Say YES to Difficult Assignments
With the economic crisis, people are happy to have any kind of job, even
the ones that don't pay well. However, there are challenging jobs where
you will be assigned in places where living is hard because of the
climate, crime rate, and civil unrest. Jobs like this will reward you
with a six-figure salary and free housing, as well as, travel
opportunities.
6.Assess The Risk
In 1995, the employer of Warren
Buffett’s son, Howie, was accused by the FBI of price-fixing. Warren
Buffett advised Howie to imagine the worst-and-bast-case scenarios if he
stayed with the company. His son quickly realized that the risks of
staying far outweighed any potential gains, and he quit the next day.
Asking yourself “and then what?” can help you see all of the possible
consequences when you’re struggling to make a decision — and can guide
you to the smartest choice.
7.Watch Small Expenses
Warren Buffett invests in
businesses run by managers who obsess over the tiniest costs. He one
acquired a company whose owner counted the sheets in rolls of 500-sheet
toilet paper to see if he was being cheated (he was). He also admired a
friend who painted only on the side of his office building that faced
the road. Exercising vigilance over every expense can make your profits —
and your paycheck — go much further.
8.Limit What You Borrow
Living on credit cards and loans
won’t make you rich. Warren Buffett has never borrowed a significant
amount — not to invest, not for a mortgage. He has gotten many
heart-rendering letters from people who thought their borrowing was
manageable but became overwhelmed by debt. His advice: Negotiate with
creditors to pay what you can. Then, when you’re debt-free, work on
saving some money that you can use to invest.
9.Be Persistent
With tenacity and ingenuity, you can win
against a more established competitor. Warren Buffett acquired the
Nebraska Furniture Mart in 1983 because he liked the way its founder,
Rose Blumkin, did business. A Russian immigrant, she built the mart from
a pawnshop into the largest furniture store in North America. Her
strategy was to undersell the big shots, and she was a merciless
negotiator. To Warren Buffett, Rose embodied the unwavering courage that
makes a winner out of an underdog.
10.Know When To Quit
Once, when Warren Buffett was a
teen, he went to the racetrack. He bet on a race and lost. To recoup his
funds, he bet on another race. He lost again, leaving him with close to
nothing. He felt sick — he had squandered nearly a week’s earnings.
Warren Buffett never repeated that mistake. Know when to walk away from a
loss, and don’t let anxiety fool you into trying again.
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