Entrepreneurs
5 Pieces of Money Advice from Warren Buffet
Talk about money everyone becomes attentive for it is a measure of work done and wealth. All and sundry do want to have money notwithstanding their tribe, culture, region, religion or clan.
As some do say money is not everything but the only thing. Want to ever make wise investment decisions that will lead to financial freedom? That is what Warren Buffet, commonly known as Oracle of Omaha has been doing for several years now, making him among the top ten billionaires in the world.
Whether you are poor at the moment or not happy about the money, it is within your pocket, the wisdom of Oracle of Omaha will ring true as you work to make best choices for your situation.
Take these tips to that bank;
- Fear in others is an opportunity for you.
A climate of fear is an ideal period for investors. Those who invest only when commentators are upbeat end up paying a heavy price for meaning less reassurance. Keep your head about you when others decide with fear and you will find value at every turn.
- Invest in what you understand
Any investment you make you have to make sure you comprehend it fully failure to which you will cry later. Even if you find a good investment and you do not understand how it works stay away from it.
- Maintain a healthy origin
We do definitely pay a steep price to maintain our financial strength. Holding enough cash to get you through times of uncertainty in your business has the same result of keeping you free from fear-based blunder. Figure out the number you need to keep safe in order to sleep well at night.
- Concentrate on long term results
Have that delayed gratification mentality, I do know it is hard but it pays a price the end of the tunnel. Think of involving on land, shares, money market fund name it. Have that vision of about 10-15 years from now, it will pay.
- Take full responsibility for your investment decisions
Each success or failure of your investments take it on a personal angle and be responsible for your decisions.
