Warren Buffet is the richest investor on planet earth and the only good investor there can be is the rich one.
Though very many people view investing as gambling, Warren buffet understands whatever business he invests in and these are some of the secrets to being a rich investor
Rich is a state of mind. Your beliefs are going to determine the way you perceive wealth, the decisions you make and the way you act towards it.
Success is about more than your bank balance. Success is doing what you love and doing it well-it doesn`t make a difference if you`ve got a thousand dollars or a billion dollars in the bank.
Spend less than you earn. You can`t possibly get ahead financially if you are spending more than your pay cheque.
Avoid consumer debt. It is a fool`s game to spend today so that you can work tomorrow to pay it off. It is a losing proposition because one day your working days are going to be over but the debt is still going to be hanging over your head.
You are who you associate with. We are all influenced by the people we spend our primary time with. If you aspire to achieve financial security then you need to find the right people to encourage this.
Give back to the community. They say that to have more you need to give more. In 2006, buffet announced that he was giving away over $30 billion to the Bill and Melinda Gates foudation, making the largest charitable donation in history.
Generosity and abandance go hand in hand. Generosity with your time, money, with your resources are great virtus to have, so always seek to pay it forward and to help others achieve what they want from life.
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