In the world of business and investment, who does not know the name of Warren Buffett. With a net worth estimated at US $ 71.5 billion, or more than Rp900 trillion (based data from Forbes), 78-year-old man who is very well known as the manager of wealth in the world's number one became the richest man in the world.
In his website www.warrenbuffet.com, the man who first began buying stock in Berkshire Hathaway in 1962 and is now the chairman and CEO of Berkshire was also shared secret coffers create wealth.
Below, we extracted the 10 secrets of wealth management style buffets that perhaps you can apply.
1. Invest reset your profit
When you first make money in the stock market, you might want to spend it. Never. We recommend that you re-invest your profits. Even small amounts can turn into great wealth.
2. Willing was to be different
Do not make choices based on what other people say. You need to measure yourself by what is called the Inner Scorecard, with its own standards, and not the world standards.
3. Never 'suck your thumb'
Collect advance the information you need to make a decision, and ask a friend or relative to remind about deadlines. No need to sit and 'sucking up'.
4. Make sure your deal before starting
Just before starting a job, that's when you have something to bargain, something that others need. Always do a deal in advance - even with friends or relatives.
5. Consider spending - a small outlay
Practice vigilance for any costs that can make a profit and pay you to go away.
6. Limit what you borrow
Life depends on credit cards and loans will not make you rich. I never borrowed a large sum, not for investment, not for a mortgage. When you are free of debt, save some money which can be used to invest.
7. Be persistent
With persistence and ingenuity, you can win against more established competitors.
8. Know when to stop
Know when to walk away from a 'loss' and do not let anxiety fool you to try the 'loss' it again.
9. Assess the risk
Ask "So what?" To himself. It can help you see all the possible consequences. And, it can guide you towards the most intelligent choice.
10. Know exactly what is meant by success
Regardless of wealth, I do not measure the success of dollars. When you get to my age, you will measure the success of the life of the people who love you, really love you.
In his website www.warrenbuffet.com, the man who first began buying stock in Berkshire Hathaway in 1962 and is now the chairman and CEO of Berkshire was also shared secret coffers create wealth.
Below, we extracted the 10 secrets of wealth management style buffets that perhaps you can apply.
1. Invest reset your profit
When you first make money in the stock market, you might want to spend it. Never. We recommend that you re-invest your profits. Even small amounts can turn into great wealth.
2. Willing was to be different
Do not make choices based on what other people say. You need to measure yourself by what is called the Inner Scorecard, with its own standards, and not the world standards.
3. Never 'suck your thumb'
Collect advance the information you need to make a decision, and ask a friend or relative to remind about deadlines. No need to sit and 'sucking up'.
4. Make sure your deal before starting
Just before starting a job, that's when you have something to bargain, something that others need. Always do a deal in advance - even with friends or relatives.
5. Consider spending - a small outlay
Practice vigilance for any costs that can make a profit and pay you to go away.
6. Limit what you borrow
Life depends on credit cards and loans will not make you rich. I never borrowed a large sum, not for investment, not for a mortgage. When you are free of debt, save some money which can be used to invest.
7. Be persistent
With persistence and ingenuity, you can win against more established competitors.
8. Know when to stop
Know when to walk away from a 'loss' and do not let anxiety fool you to try the 'loss' it again.
9. Assess the risk
Ask "So what?" To himself. It can help you see all the possible consequences. And, it can guide you towards the most intelligent choice.
10. Know exactly what is meant by success
Regardless of wealth, I do not measure the success of dollars. When you get to my age, you will measure the success of the life of the people who love you, really love you.
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