Warren Buffett’s Unique Mindset Will Make You Insanely Successful and Wealthy
By: Josef Cruz
Tags: Wealth, Happiness, Success, Life Lessons, Lifestyle

Warren Buffett’s Unique Mindset Will Make You Insanely Successful and Wealthy

In 2008 Warren Buffett topped the Forbes list of Richest People — he was the richest man globally with $62 billion. In 2009, Forbes listed him as the 2nd Richest Man in the world after having donated a massive $30 billion to charity. Now he has a rough net-worth of $85.6 billion as of December 2020.

Warren Buffett is an inspiration and somebody we can all learn from on how to live a successful and happy life:

1. Have a vision & back it up with faith

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” — Warren Buffett

If you have a dream in life, you must pursue it. It’s your vision for what your life should be. What’s important is that you must first have the vision then back it up with an unbelievable amount of faith.

The people who have achieved all their goals and dreams at some point knew that they would succeed. They see it as their destiny and that nothing can stand in their way of achieving it. When you clarify what you want, you can begin to take steps towards making it a reality.

Once you have the vision, then you need to back up your dreams with complete faith. Having faith and belief gives you the persistence to keep going even during the hard times. Faith is what keeps people going until the end and forces them to get up after a failure. The road to success is deeply engraved with failure, be prepared for it.

2. Take action early

Warren Buffett took action early in life. One of the great little facts about him is that he bought his first share when he was 11, and he regrets that this was actually too late. And at the age of 14, he bought a small farm with the earnings he made as a newspaper delivery boy.

One must take action if he or she is to achieve anything in life. Some people think success in life is all down to luck, and it’s true that part of it is luck, but in life, you can make your own luck, and that’s by taking action. By taking action in life and getting started, you can create the opportunities and events that can bring you to success. Sitting around and just hoping that good times fall onto you will not work.

Through taking action early, Warren made his own luck that got him onto the road to success.

3. Do what you love to do regardless of what people say

“Don’t do what others say, just listen to them, but do what makes you feel good.” — Warren Buffett “Don’t go on brand names. Just wear what makes you comfortable.” — Warren Buffett

Many people today spend most of their time worrying about what other people think about them.

The current day mindset is focused on pleasing others and making lifestyle choices that are more in line with other people’s visions than our own. Gradually we lose our own identity and what matters most to us.

In life, you must do the things that most matter to you regardless of what people say. If you only do things to please others, you’re doing this to the detriment of your own happiness. You are the most important person there is so focus on what you enjoy in life.

Warren Buffett doesn’t spend time dining with high society in expensive suits and drinking copious amounts of champagne, no. He spends his time in front of the television, eating popcorn with a can of Pepsi. He does it because this is what he loves to do.

4. Don’t make money into God

“Money doesn’t create man, but it is the man who created money.” — Warren Buffett

Some of us seem to have forgotten that man created money, yet so many of us treat ‘money’ as our God. Money can drive men to do extremely foolish things, and some slave their lives away to get their benefits.

The secret to wealth is not to make money into God. We should not be working needlessly for money, but rather, money should be working for us. Money is a tool for creating value in the world. Warren has realized this rule, and money has flowed to him because money is his servant.

5. Appreciate what you have

“The happiest people do not necessarily have the best things, they simply appreciate the things they have.” — Warren Buffett

Despite having been able to buy any house on the planet, Warren Buffett still resides in his 3-bedroom house in Omaha that he bought after getting married in the 1950s. He says it has everything he needs, and I believe him. He realizes happiness is all about gratitude and not just about accumulating possessions.

Being wealthy starts on the inside, be grateful for everything you have right now. If you really think about it, you have more than some people could ever possibly dream of having. Put yourself in the shoes of some of the starving and homeless people worldwide — do you appreciate what you have now?

6. Give and you shall receive

There’s a universal law that says give, and you shall receive. If you want to be loved, you have to give love. If you want good friends, then you have to be a good friend. If you want wealth, then you have to give away wealth.

Warren has given billions away to charity and continues to do so every year. In 2006 he agreed to leave his enormous fortune to The Bill Gates Foundation when he passes away. Since he has always been a big giver of wealth to help those around him, massive amounts of wealth have always been returned to him.

7. Choose your own destiny and make it useful

“Let us choose the way to live our lives, be it retire young retire rich, becoming a millionaire, or living a purposeful life by serving to the goods of the humankind!” — Warren Buffett

Many people think their life is whatever is thrown at them. Life is about taking control and making it what you want it to be. The most frustrated people in the world are the people who believe they have no control over their lives. This couldn’t be further from the truth. We make our own lives, and if we want to make our lives as fulfilling as possible, we need to serve humankind as much as we can. When you do something for somebody else unconditionally, notice how you feel.

Warren Buffett is not only the greatest investor in history, but he is also the biggest philanthropist there ever was — in other words, he chose his way of life and served the good of humankind through giving. The path he chose will aid millions and millions of people who benefit from his pledge.

Warren Buffett is a person that we all should learn from.