+ Post a Comment HERE!   + Ask a Question / Post a Topic
Results 1 to 3 of 3

10 Ways to Get Rich by Warren Buffett’s Way

Advert.

  1. #1
    sharetipsguru1
    sharetipsguru1 is offline Just in!

    10 Ways to Get Rich by Warren Buffett’s Way

    Advert.
    10 Ways to Get Rich – Warren Buffett’s Secrets That Can Work For You to my attention, which was in this week’s Parade. These are some great pointers, but I would hardly call them “secrets.”

    1. Reinvest your profits – this is the only way to take advantage of compound growth, which is money growing on money.

    2. Be willing to be different – you follow the herd, you’re gonna get hurt. Going against the herd may be scary, but can pay off if done properly.

    3. Never suck your thumb – If you find something good, act. Don’t sit around doing nothing.

    4. Spell out the deal before you start – Get all the details in writing before you follow through.

    5. Watch small expenses – The article mentions a guy who counted 500-sheet rolls of toilet paper to make sure he wasn’t being ripped off. That seems a bit extreme to me but I see the point of not wasting money.

    6. Limit what you borrow – I believe that the only acceptable forms of debt are student loans, car loans (reasonable car loans), mortgages, and possible 0% deals that may pop up every once in a while. Now, don’t mistake that sentence to mean that I think it’s okay to have debt—that’s not what I’m saying. The main thing is to use debt as a tool and use it wisely.

    7. Be persistent – Always remember the saying: “If at first you don’t succeed, try, try again.”

    8. Know when to quit – You have to know when to say, “when.”

    9. Assess the risks – Do some worst-case-scenario analysis before you proceed. In other words, count the costs before you begin.

    10. Know what success really means – I love the fact that Buffett is not on an ego trip with his giving. According to the article, Buffett does not want any buildings named after him. That’s soooooo cool! I really respect that about him.

  2. #2
    waktem's Avatar
    waktem
    waktem is offline eTI Iron
    This are good tips you have shared of the trading king in the world and I believe it definitely solve many problems in my trading as well as personal problems also.

  3. #3
    priya0710
    priya0710 is offline eTI Iron
    While investing in stock market as well following a disciplined trading practice is really helpful. Investors can earn good returns on their investment by considering such investment tips and not adopting false trading practices.

+ Post a Comment HERE!

Similar Topics and Discussions

  1. Ways to apply for B.Tech in MIT for admission
    By Mohan Kumar in forum College & Universities related Discussion
  2. Relief from Headache in Natural Ways
    By Farida H B in forum General Health Care & Fitness Articles
  3. ARTICLE : Five Ways to Get Over a Breakup
    By Pulkit in forum Love, Friendship & Relationship Advice
  4. Ways to test if you are in a Loving Relationship
    By Pulkit in forum Love, Friendship & Relationship Advice
  5. Ways to look Slim And Hide Your Fat!!
    By Dr. Food in forum General Health Care & Fitness Articles
X
Have Question? Ask now free!