8 Warren Buffett inspirational tips for young people who want to become rich



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  • 1- "I will tell you how to become rich. Close the doors. Be afraid when others are greedy. Be greedy when others fear."
  • 2-  "No matter how great talent or effort, some things only take time. You can't have a baby in a month by getting 9 women pregnant"
  • 3- "It is best to network with people better than you. Choose associates who have habits better than you and you will go in that direction."
  • 4- "You won't be in control of your time unless you can say No"
  • 5- "You don't have to be smarter than the rest. You have to be more disciplined than them."
  • 6- "Risk comes from not knowing what you are doing."
  • 7- "Sequences of habits are too light to feel until they're too heavy to break."
  • 8- "Enjoy your work and work for someone you admire."

If you want to become rich, do the opposite of what the crowd is doing, say no to ineffective activities, avoid bad habits, choose friends carefully, be disciplined and patient because it takes time to achieve anything worthwhile.

Arguably the richest investor ever to live, Warren Buffet became a millionaire in 1960 at the age of 30 and since then, Buffet has been one of the richest people in the world.  Warren Buffet for many years has given young people advice on how they can be rich and successful.

8 Warren Buffett inspirational tips for young people who want to become rich

8 Warren Buffett inspirational tips for young people who want to become rich / ph: google

 Here are 8 most inspirational tips from Warren Buffet.

1- "I will tell you how to become rich. Close the doors. Be afraid when others are greedy. Be greedy when others fear."

As a young person, if there's any advice you should take very seriously from anyone, it's this: Be different.  Dare to go against the tide.

 Find out what the crowd is following and do the opposite.  Why is this important?  Because most people in the world are not thinking.  Most people in the world find it difficult to use their brain in most of what they do.  Social proof these decisions tend to be false.

 For example, most people will only invest in stocks when the price of the stock goes up wildly while that is when smart people are selling.

2-  "No matter how great talent or effort, some things only take time. You can't have a baby in a month by getting 9 women pregnant"

 What do you think is the number one reason why most people in the world are poor and unsuccessful?  You need extraordinarily insane time, insane dedication and endurance to create wealth and success.  You have to be patient with tough times or you won't be able to overcome difficulties on the path to success. Great things take time.

3- "It is best to network with people better than you. Choose associates who have habits better than you and you will go in that direction."

One thing young people do more than anyone else is that young people communicate a lot.  However, most of them have no sense who they are networking with.

 Try an important exercise: Make a list of 5 friends who spend most of their time.  Close your eyes and imagine where these people are likely to be in the next 5 years.  That's where you will go.  It is quite simple.

 If your friends aren't ambitious or positive about life, you can't be.

 If your friends don't know more than you do, you'll never grow and become a better person.

 So what should you do?  Cut yourself off from negative and unmotivated people.

4- "You won't be in control of your time unless you can say No"

Take a look around you. What do you see? Distracting everywhere.

 Social media, TV, parties and movies.  All of these are things that bring little or no value to us as humans.  The more we can say "NO" to distractions, the more time we have to be productive on the things that really matter.

5- "You don't have to be smarter than the rest. You have to be more disciplined than them."

 Forget everything you've been told about talent and IQ.  There are many talents in the world.  There are hundreds of people who broke the IQ 200. Discipline, practice, dedication and persistence are what you need to be successful.

6- "Risk comes from not knowing what you are doing."

 For example, more than 90% of people who are planning to start their own business will never spend time researching or reading even 10 business books, but not even the number 100. We all believe that trading and investing is risky, but we are not prepared for it.  The real risk is in your ignorance.

 The more you know about your field, the less risk it is.  To reduce the risk, seek knowledge.

7- "Sequences of habits are too light to feel until they're too heavy to break."

 Have you ever seen a drug addict looking powerless and wishing for some strength to rescue him from his addiction?

 The best thing you can do with your life is to avoid bad habits.  Just like when playing with fire, bad habits develop, you will become their slave.

8- "Enjoy your work and work for someone you admire."

 According to a Gallup study, 85% of people around the world hate their jobs.  Since you will spend more than 50% of your entire mature life for working and planning to do things, it's better to do the things that interest you.

 This may not be easy, but if you are willing to pay the price and get through the necessary pain, you can create yourself the kind of work or business you love.

8 Warren Buffett inspirational tips for young people who want to become rich

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