Whenever I hear Warren Buffett speaks or read his annual letters to the shareholders at Berkshire Hathaway, there are always words of wisdom to be found. After all, he is the Oracle of Omaha, one of the most successful businessmen of the 20th century, and consistently rated as one of the wealthiest people in the world.
Warren Buffett has continually shared bits and pieces of his investment philosophy through a lifetime of memorable quotes where he uses simple, jargon-free language when referring to business and investments. There's much to learn from the quotes and quips by the legendary billionaire investor, which have exerted great influence over my own investment strategies as well. In this blog post, I have compiled 20 of the best insightful quotes from Warren Buffett.
People are getting more health-conscious nowadays. Their growing expenditures on gym memberships, fitness equipment, health supplements, organic foods, etc. are testament to this fact. Surely, it’s not difficult for you to find health-conscious colleagues and friends around you. While most people are concerned about their physical health, they don’t really pay much attention to their financial health. Most people don’t have the habit of conducting regular financial health checks for themselves. They simply don't care or don’t know how to.
My friend Joshua Yeary from America has developed an excellent scoring method known as the Personal Finance (PF) Score, which helps to determine a person's financial fitness level. To calculate your PF score, you'll need to establish your net worth and your yearly expenses. Taking your net worth and dividing it by your annual expenses, you’ll get your PF score (PF Score = Net Worth ÷ Annual Expenses).
Who wants to be a millionaire? The answer should be a resounding "YES" for most people, except for the billionaires of course! Honestly, who in their right mind don’t want to be rich? But can ordinary people become millionaires? I believe with the correct mindset, attitude and commitment to reach their desired financial goals, the chances for ordinary people becoming millionaires are high. My wife and I would definitely attest to this fact. Here’s our story…
In seminars that I conducted in the past, I would sometimes ask my participants: “What attitude have you brought here today?” Very often, I received puzzled looks from my seminar participants. Not surprising though, because most people don’t have a high level of attitude awareness. I'm indeed inspired by Nick Vujicic when I read about his story. His positive attitude towards life has touched me and transformed my perspective on attitude.
Success is something most people strive for. Most of us aspire to live a happy, wealthy and successful life, don’t we? Many people want to experience success in their life, but it’s easier said than done. With so many distractions surrounding all of us, it can be extremely challenging to remain focus on pursuing our dreams and desires. The truth is that very few in the world would actually achieve true success in their life. However, there are time-tested actions and attitudes that people follow to achieve success.
You want to become a millionaire one day, don't you? But how? While winning the lottery is one way (my advice is don’t bet on it), I'm sure the likelihood of you becoming a millionaire in other ways are higher. Some people work hard to climb up the corporate ladder to earn their million-dollar salaries, while others work hard to build their million-dollar businesses. There are also people who achieve massive financial success through investing in stocks, investing in properties, setting up online businesses, writing books, developing software as well as inventing new products for commercialization. The list of possibilities is endless.
Monopoly, the world’s most popular board game, has for years entertained millions of people with the imaginary thrill of what it is like to be a real estate tycoon. I started playing Monopoly at the tender age of seven. At that time, playing the board game was just pure fun. Little did I realize that the game actually taught me valuable lessons which would become useful for my future property investment ventures!
Is it more important to be rich or to be happy? I did a search on Google today. The search term “be rich” has about 1.15 billion results while the term “be happy” has more than double at 2.43 billion! Massive amounts of articles are written to meet the high demand of people searching for ways to be happy.
The Google search result reveals that there are about 1.28 billion more articles written on being happy compared to that of being rich. Hence, we can presume that more people would argue that being happy is more important than being rich.
Kelvin is a millionaire investor and landlord. He is financially free by 39 with his assets generating multiple streams of income to sustain his desired lifestyle. Kelvin owns a multi-million dollar property portfolio in Singapore, Australia and Malaysia. He holds a Bachelor of Business (Dean's List) degree and a Business Management diploma. Read more.
Copyright © 2011 Kelvin Wong
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