Warren Buffett’s Top 10 Rules For Success

Today I offer you Warren Buffett’s Top 10 Rules For Success dear reader.

If you want success then you would be wise to listen to people who have already achieved some success.

Identify what they did to achieve their success and copy it.

If it worked for them then it will probably work for you.

Now there are few people more successful in their chosen field than Warren Buffett.

So he offers you his ‘Top 10 Rules For Success’ in this video, embedded here. It’s definitely worth your time to listen him.

Here are his tips and I recommend them to you.

Warren Buffett’s Top 10 Rules For Success:

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Steve Jobs’s Top 10 Rules For Success

Looking for the Top 10 Rules for Success dear reader?

Certainly it’s true, if you want success then look for successful people and copy what they do.

The late Steve Jobs is not only an icon but also a great role model to use as your template for achieving success.

Here are Steve Jobs‘ Top 10 Rules For Success. Watch this video, it is inspirational and well worth your time and I recommend it to you.

Top 10 Rules for Success:

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Bill Gates Top 10 Rules For Success

By any measure Bill Gates is a successful man. In fact he is widely regarded as being one of the world’s wealthiest people on this planet.

Despite dropping out of Harvard to pursue his obsession with computers, he went on to become a businessman, investor, author, philanthropist, humanitarian, and of course the principal founder of Microsoft.

Along with the late Steve Jobs, Bill Gates was a leader in the computer revolution over the past 40 years or so.

There are not many entrepreneurs who would be better known around the world than Bill Gates and even fewer who would be as widely respected.

And having made his fortune he is now the second-most generous philanthropist in America, having given over $28 billion to charity.

All in all Bill Gates is a role model for anyone with a hunger for success. He’s been there and done it, so if he has something to say then we should listen.

Here are his Top 10 Rules for Success and I recommend you watch this video.

Rules for success:

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To find a job you’ll love start with these questions

Find a job youll loveIf you love the work you do then you are lucky indeed.

Most people, if they are lucky enough to have a job at all, are in jobs for which they have little or no passion. They just do whatever they have to do to ensure they have a regular income. It’s a living but it’s hardly a life.

If you’d like to find a job you’ll love doing then start by asking yourself these questions:-

  1. For what activity would you rise early knowing that was on your day’s agenda?
  2. What activity makes your eyes sparkle with enthusiasm?
  3. What activity gives you a real buzz?
  4. What activity to you really is fun?
  5. In what activity can you completely lose track of all time?
  6. What would you do as a hobby if you couldn’t make a living at it?
  7. In which activity do you not have to be asked twice to participate?
  8. Is there an activity for which you have a real talent?

The answers to these questions will help you to identify the activity for which you have passion and enthusiasm. If you can then identify a job which consists primarily of this activity then you have found the job you’ll love. And as the saying goes, find a job you love and you’ll never work a day in your life.

Getting that job won’t be that easy, of course. However knowing what you really want is the first step on the road to success. And finding a job for which you have a passion will lead to success.

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How to develop a millionaire mindset

How to develop a millionaire mindsetDo you want to be rich dear reader? Would you like to have so much money that you no longer have to worry about having enough to pay your bills? If you do, you’re not alone. We’d all like to be rich but few of us have the right mindset needed to create and build wealth. The question is, how to develop a millionaire mindset?

Well in the embedded video included here Jack Canfield will enlighten you.

For any reader unfamiliar with Jack Canfield he’s one of America’s top motivational speakers and he’s also the best-selling author of top self-help books like Chicken Soup for the Soul and The Success Principles.

These books are amongst the very best self-help books you can buy and if you haven’t read them already I recommend that you do.

In the video Jack Canfield offers words of wisdom for those people who want to build their fortune but have yet to get going.

Jack explains that if you want to be rich, you have to learn how to think like rich people think.

He argues that without a millionaire mindset, you’re going to remain stuck in a lower or middle-income reality. In my opinion, he’s right in what he says.

The right mindest is always an essential ingredient for success but how do you develop a millionaire mindset? What do you need to do to develop the right way of thinking?

Well watch his short video and you’ll be on your way to learning how to avoid getting stuck in financial mediocrity.

If you’ve yet to achieve wealth then it’s never too late to start. Many financially successful people started late in life. For instance, Ray Kroc was 52 years old before he started building the empire we know as McDonald’s.

So get started now and design the future you’ve always imagined.

How to develop a millionaire mindset:

Further reading:

If you’re interested in great motivational advice then the best speakers and writers in my opinion are all American.

There are many I admire and Jack Canfield is one of them. So if you’ve never read any of Jack Canfield’s books then I recommend that you check them out and purchase your own copies from Amazon.

If you build you own small personal library of motivation books you’ll find it will be money well spent.

Start today and buy here.

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This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However there will be no additional charge to you in making that purchase. Nevertheless these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated dear reader. Thank you.

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Investing like Warren Buffett: Tips and Techniques

Investing Tips and TechniquesWould you like to know more about investing and money dear reader? Maybe you’re looking for some investing tips and techniques?

Perhaps you’re always short of money and possibly in debt?

Well it doesn’t really have to be that way. You do know that don’t you?

You could improve your financial situation but you’ll need to start learning about money and how it works and how you can make it work for you.

In today’s post you’ll find some observations about money and investing and you’ll find an interesting video from the world’s greatest investor Warren Buffett.

Warren Buffett has become a very wealthy man through investing and he has consistently been one of the most successful investors of all time.

It’s always worth listening to successful people, so I can recommend you watch the embedded video below because I’m confident you’ll find it useful.

1. The Importance of Money

When it comes to sustaining life, money is not the most important thing but after oxygen and water few things matters more.

Certainly you need enough to get by but you also need to put something aside for a rainy day because one day it will rain, of that you can be sure.

Putting something aside for your old age too would be a wise thing to do.

Wealth creation matters and if you are to build wealth successfully you must learn how to manage and invest your money wisely.

2. The Importance of Investing

Creating wealth is easier said than done of course.

It starts with making sure you put at least some money aside each month.

Pay yourself first by putting away say 10% of your income each time you get paid.

Make that a habit and you won’t miss it.

As cash starts to build into a decent sum then you need to ensure that you get a decent return in order for the compounding effect to work its magic.

Over time you will be amazed at how your wealth will grow if you invest wisely.

3. How to Invest

Maybe you’re still unsure as to how you go about it?

Well that’s natural, so don’t worry.

If you don’t know how to do something, look around for someone who is already doing it successfully and copy what they do.

Certainly there are some excellent examples of investors who you could adopt as a role model.

One of the world’s most successful investors is the great Warren Buffett, otherwise known as the Sage of Omaha. Have you heard of him?

If you haven’t, I can tell you that he has created so much wealth through his investing skills that he is one of the richest men in the world.

The video included here offers some investing tips and techniques,

It illustrates how Buffett invests and how you might emulate his success. This is a useful video and it is worth your time, if your aim is to develop your investing skills.

4. Investing Tips and Techniques

5. Buy some reference books on investing

One video cannot tell you all there is to know about investing of course.

Developing your investing skills will take time and patience, building your knowledge as you go.

Nevertheless there are plenty of good books on the subject and you would be wise to establish your own personal reference library on the subject.

One book I can recommend is from the Financial Times series.

Like everything associated with the Financial Times, the FT Guide to Saving and Investing for Retirement: The Definitive Handbook to Securing Your Financial Future will provide you with sound advice on all aspects of saving and investing, particularly with respect to your long term goal of making sure you can enjoy a comfortable retirement.

I can recommend this book and it’s available from Amazon. Buy it here.

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This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However there will be no additional charge to you in making that purchase. Nevertheless these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated dear reader. Thank you.

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How to make money from investing in stocks and shares

How to make money from investing in stocks and sharesOnly buy something that you’d be perfectly happy to hold if the market shut down for 10 years. ~Warren Buffett

Arguably, Warren Buffett is one of the greatest investors of all time. Certainly he has delivered an above average return to investors in his company Berkshire Hathaway consistently over many, many years.

And when people are successful we should listen to them. If their approach has been successful for them, it can be successful for us too. So it’s a good idea to listen and learn.

Warren Buffett’s investment philosophy is essentially quite simple.

If you’re buying stocks and shares then the ideal investment is a company with a range of good quality products which everyone needs; with strong cash-flow and little or no debt; broad international exposure; and which pays solid, sustainable dividends.

Buy the asset at fair value and you will have an income stream you can rely on regardless of any short or medium-term market volatility.

Choose the right stock and you should enjoy some capital appreciation over the long term as well.

Too many people are speculators rather than investors. They hope to time the market to gain a quick buck. However that’s hugely difficult and most amateurs will lose money with that approach, unless they are very, very lucky.

Whereas invest in good companies at fair value and over time you’ll have an excellent chance to make very good return.

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How is success achieved? Could this be the secret?

How is success achievedHow is success achieved? Certainly many desire it but few really achieve it. Why is that do you think dear reader?

Could it be all about your mindset? Can your thinking have an impact on whether you succeed or not?

Well in the embedded video, Carrie Green suggests that your mindset really does matter.

Programming your mind for success:

This is an inspirational talk on the subject of success from Ms Carrie Green given at TEDxManchester.

Her underlying message is that success is never achieved by accident.

Success is in fact achieved by knowing what you want, knowing why you want it and then programming your mind to drive you towards your goal.

I’d not heard Carrie Green speak before I stumbled on this video but I must say I’m very impressed.

If you can spare a few minutes then this video is well worth a little piece of your time. I’m confident that you won’t be disappointed. Recommended.

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How to improve your life quality and enjoy what you don’t have now

How to improve your life qualityHow to improve your life quality? That’s a question we all ask ourselves when life does not quite meet our expectations.

Embarrassed by circumstances:

Have you ever been embarrassed by your limited circumstances?

All your friends were going on a night out perhaps but you couldn’t join them because you simply didn’t have the money, perhaps?

You really wanted to join them of course but wealth and financial freedom were nothing but a distant dream for you then.

Maybe you’ve not had that particular experience but something similar, possibly? The actual situation for you may have been different but your sense of embarrassment will not have been any less painful and hard to bear I’m sure.

In one of his audio programs, Jim Rohn tells a story about an event that drove him to take a very close look at his life.

Apparently a Girl Scout called at Jim’s house one day selling Girl Scout Cookies as part of an annual fund raiser. In exchange for the cookies all she asked for was just two dollars.

This was many years ago of course but even then this was not a huge sum of money.

However Jim’s problem at the time was that he didn’t even have two dollars to spare, so he was reduced to lying to the poor girl. At this point wealth was something Jim had yet to encounter.

Money does matter:

Now some people will tell you that money doesn’t matter but it does. In our world today you can no more live without money than you can live without oxygen.

Exactly how much money you need depends on your preferred lifestyle of course. If you don’t want much out of life then you’ll get by on very little money.

However most of us do want more out of life hence having at least a degree of wealth does matter.

Wealth and financial freedom:

Put simply, wealth means financial freedom.

Financial freedom in turn means you being able to do what you want whenever you want and not feeling constrained by your circumstances.

A worthy aim therefore is to decide what you want out of life and then start working towards building your own wealth.

It all starts with change:

Have you ever thought to yourself, I don’t want to live like this anymore?

Perhaps you said to yourself, I want more out of life?

You want more but the problem is you have no idea how to change your circumstances, right? It you’re in need of a little help then don’t worry dear reader, you’re not alone.

However one thing you must accept, unless you change nothing will change.

You must increase your value:

Perhaps you look at your salary each month and think how can I start building wealth when this is all the company pays?

If that’s how you think then you’ll need to change your philosophy or the way you look at things.

The salary you get maybe all the company pays you but it’s for the value of the contribution you make. There will be other people who are paid a lot more than you. They’re paid more than you quite simply because they’re considered to be more valuable than you.

I’m not suggesting that you’re not valuable. You are; as a father, a mother, a brother, a sister, a friend or even a colleague.

However my point reflects your economic value to your employer.

It’s a fact that if you’re in a low skilled job where there’s an over-supply of potential replacements for your services then you won’t earn much. That’s simply the economics of supply and demand.

However just because you’re not more valuable now doesn’t mean you couldn’t become more valuable.

You can increase your skills with a little effort on your part and you can become more valuable. Become more valuable and your income will rise.

So whilst your circumstances may be limited right now they don’t have to remain that way.

You can work on yourself; improve yourself. It’s all about self-improvement and personal development.

Success can be yours:

Success doesn’t just happen to people. No one just gets lucky.

If you asked the CEO of say Microsoft how he got to where he is, his response is unlikely to be, “Well I just showed up for work each day and they just kept promoting me.

No, he’ll have worked very hard to get to his lofty position in life. You don’t get anywhere without hard work.

However you attract success by the person you become and you can become more than you are now.

Jim Rohn suggests that profits are better than wages and he has a point.

Every rags-to-riches story I’ve ever heard always involves someone’s own business. They started their own business, worked very hard and one day they became very rich.

Build a business:

Now you’re probably thinking, I don’t have the money to start my own business and I can’t afford to give up my job on a whim.

That’s all true I’m sure but some people keep their job initially and start their own business as a part-time enterprise.

Jim Rohn himself built his success that way.

Jim began life in modest circumstances but he went on to become a millionaire and one of the most influential thinkers of our time. And in case you’re wondering, no he didn’t go to university.

It can be done; people do and you can too.

Just make up your mind to start working on yourself.

Increase your value and look for opportunities to solve problems for people. Solving problems is the basis of business. Every product should solve a problem for consumers.

The psychology of wealth:

There’s a psychology linked to the building wealth and you would be wise to understand it.

In the embedded video included here, Jim Rohn explains the psychology of wealth and provides a lot of sensible advice.

Jim was a successful man and it’s always worth listening to people who’ve achieved success. They know what they’re talking about because they’ve been there and done it.

He offers simple messages that are thought-provoking and powerful.

This video is well worth your time and I recommend it to you. Watch it now whilst you have the chance.

Recommendations for your personal library:

Personally, I think Jim Rohn is one of the best motivational speakers I’ve ever heard and he’s been a big influence on me, that’s for sure.

He’s produced many books, videos and audio programs over the years and all of them would add real value to your own personal library.

Two I can strongly recommend you add to your personal reference library are:-

Book: Seven Strategies for Wealth & Happiness by Jim Rohn

Audio Program: The Art of Exceptional Living by Jim Rohn

I purchased both of these some time ago and I still use them constantly as sources of inspiration and motivation.

The audio program is particularly useful as I listen to it whilst driving. This means I can use my travel time profitably. Why listen to the radio when you could be listening and learning whilst you drive?

Purchasing these items represents money well spent for me and I’ve found them enormously useful and I strongly recommend them to you.

Click on the links and check them out.

Even if you don’t buy them they’re certainly worth considering. Go on check them out right now whilst it’s fresh in your mind.

Should you make a purchase, you will not regret buying them, of that I’m very confident.

DISCLOSURE: 

This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However there will be no additional charge to you in making that purchase. Nevertheless these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated dear reader. Thank you.

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How to find and do work you love

How to find and do work you loveHow to find and do work you love? A great question for all you very intelligent readers to contemplate today.

Now not everyone will find the answer of course but most people frequently ask this question in my experience.

Job satisfaction:

How many people would say they get job satisfaction from their work, in percentage terms?

Apparently it’s only around 20%.

That would suggest that 80% of all people hate their jobs.

If true, I think that matters and it’s especially relevant to society if you think about it. Why?

Quite simply because it suggests that most people will not be quite as productive as they might otherwise be. Let’s face it, you can’t really be at your most productive if you’re not happy in your job.

A sense of purpose:

So dear reader, which side are you on?

Does your work place you in the 20% who enjoy job satisfaction or are you one of the 80%?

Eseentially job satisfaction comes as a result of doing work which gives us a sense of purpose.

If we have a genuine sense of purpose, we’ll have a strong desire to do our work well. And we can only do it to the best of our ability if it really matters to us.

Doing our work well matters because that’s how we make a difference.

Hence that’s how we make a contribution and leave a legacy behind us. So in that sense job satisfaction certainly matters.

Consider your work:

Does your work really matter to you?

Does it give you a sense of purpose or is it simply the means for paying your bills? Do you get out of bed each morning looking forward to the day ahead?

No job is ever perfect but, given work takes up a third of our lives, it’s essential that we enjoy what we do and derive at least some job satisfaction from it.

Maybe there’ll be some elements of a given job we dislike but mostly we should enjoy our work because that way we’re better placed to do it well.

In the inspirational TEDx Talk video embedded below, Scott Dinsmore explains how in the early part of his career he was encouraged to do any job just to build up his resumé.

However he very quickly realized that this approach was unwise and resulted in no job satisfaction.

He makes his point with an excellent quote from Warren Buffett who said, “Taking any job just to build your resumé is like putting off sex until your old age.”

Now why would that make sense?

Experience is important of course but work should not just be about building your resumé.

Work should be about adding value and making a meaningful contribution to society.

It should be about using your skills and natural talent to make a difference to the lives of others.

So if success is your aim then the work you do must matter to you.

If you find work you enjoy then job satisfaction will follow.

Put simply, if you like the work you do you’ll do it well. And if you do it well people will notice. And once people begin to notice you then you’re on your way to achieving success.

Knowledge required:

The trick is to find work that you can’t not do.

Something you’d happily do for nothing if you couldn’t find someone to pay you to do it.

That’s the basis for real job satisfaction.

All of this is more easily said than done of course.

Perhaps you’ve no idea about what matters to you in terms of work?

If you’re relatively young and new to the world of work how could you possibly know? In that case you need to start improving your basic knowledge and awareness.

Know yourself:

A good starting point for improving your knowledge is becoming a self-expert. Knowing just what you have in your arsenal.

  • What are your unique strengths?
  • What are your weaknesses?
  • What fills you with enthusiasm?
  • What fills you with dread?
  • What do you love to do?
  • What do you hate doing?

If I asked someone you knew well to tell me what you’re good at what would they say?

  • For what activity do they regard you as the ‘go to’ person?
  • What do they regularly thank you for?
  • What would you do for fun if you couldn’t do it for a living?
  • On what activity can you lose yourself for hours at a time?

By answering these questions and others like them you’ll get a better idea of what you’re looking for. And let’s face it, if you don’t know what you’re looking for you’ll never find it.

Know your values:

What do you regard as your set of values? What moral framework matters to you when you’re making decisions?

What would you not do simply because you wouldn’t want to disappoint your family? What would make you feel proud if you were to tell your family that’s what you’re doing?

Anything you choose to do should be congruent with your own set of values.

Know your experiences:

The most powerful lessons in life come from the mistakes we make. The lessons we learn from our own mistakes and the things we’ve done are collectively known as experience. And experience is a valuable commodity.

Pay attention to your experience. Think about the things you’ve done right. Think about the things you’ve done wrong.

When have you felt completely in control of a situation regardless of the challenges you face?

When have you felt completely out of your depth?

Think about the things you’ve enjoyed doing. Think about those activities you really hated.

Know what matters to you:

In crude but simple language the underlying question here is, “What is it that you actually DO ‘give a shit’ about?

We tend to do stuff because other people suggest it’s what we should be doing. However it really should be about what actually matters to us.

Identify what it is that makes you come alive and makes you feel energized.

John Lennon’s Aunt Mimi famously said, “Playing the guitar is all very well John but you’ll never make a living at it.

Fortunately John didn’t listen to her and his guitar helped him to make a very lucrative living because he really enjoyed writing songs and playing music.

In fact his creative output continues to generate millions of dollars for his estate almost 40 years after his death.

John Lennon did well because he did something he enjoyed doing and he didn’t allow himself to be influenced by those who thought he should pursue a different line of work.

Confidence compounds:

By working to your strengths your confidence will grow.

Each success you have will improve your confidence. And as your confidence grows, one success will lead to another. It’s a virtuous circle.

Environment matters too:

Jim Rohn once said, “You’re the average of the five people you spend most time with.

Personally I think this is true.

The people around you really do matter.

They influence you and their attitude rubs off on you.

Human beings are social animals and we exist within groups. We also have to fit into the group otherwise we’re very quickly ostracized by other group members.

Hang around with people who inspire possibility. People who lift you up and not pull you down. Mix with people who will influence you in a positive way. Find role models from whom you can learn.

How to find and do work you love:

Scott Dinsmore’s mission is to change the world by helping people find what excites them and build a career around the work only they are capable of doing.

If you can find the work you are compelled to do then you can add real value to your fellow human beings.

Discover what you’re really meant to do and you’ll be on to a winner.

You’ll also get maximum job satisfaction.

Therefore in conclusion, if you’ve yet to find what you’re looking for then keep looking until you do.

In the meantime I recommend that you watch the video. It is though-provoking and compelling and it will be a good use of your time.

Recommended Reading:

There are plenty of good books that will help you identify your true strengths, as well as help you home-in on the work you should be doing.

In the video Scott Dinsmore suggests Strengths Finder 2.0 by Tom Rath as a good book to help you in your quest.

Certainly it is worthy of your time, it’s very useful and I have a copy of it in my own personal reference library.

However allow me to recommend another three excellent texts you might also consider. They are as follows:-

Who Do You Think You Are?: Understanding Your Motives and Maximizing Your Abilities by Nick Isbister and Martin Robinson

The Pathfinder: How to Choose or Change Your Career for a Lifetime of Satisfaction and Success by Nicholas Lore

Find what you were born for: Discover your strengths, forge your own path and live the life you want by Zoe McKey

I have all of these books in my personal library and I’ve found them all extremely useful and helpful and I use them as reference texts all the time.

You can check them out by clicking on the links.

I strongly recommend you take a closer look at them all. You won’t regret it if you do decide to buy your own copies. Check them out now whilst it’s all fresh in your mind.

DISCLOSURE: 

This website is an Amazon affiliate. Should you click on any of the links included in the text above and you then make a purchase, you should be aware that this website will receive a small commission. However there will be no additional charge to you in making that purchase. Nevertheless these commissions do serve to cover the cost of maintaining this site, so you’ll be helping to ensure that this resource can remain available free of charge to readers. Your understanding is truly appreciated dear reader. Thank you.

Please share this post with your friends:

Did you find this article and video interesting and useful dear reader?

If so, then please share it on social media with your friends. When you share, everyone wins.

So please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

Other articles you might also find interesting:

© Roy Joseph Sutton and Mann Island Media Limited 2019. All Rights Reserved.