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Multi-Billionaire Warren Buffett’s 5 Tips To Live By

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Multi Billionaire Investor ‘Warren Buffett‘ who once was ‘The Richest Man In The World‘, shares his 5 major rules to living a successful life.

 

Warren Buffet’s 5 Life Tips

 

On Earning: “Never depend on a single income. Make Investments to create a second source.”

On Spending: “If you buy things you do not need, soon you will have to sell things you need.”

On Savings: “Do not save what is left after spending, spend what is left after saving.”

On Taking Risks: “Never test the depths of the river with both of your feet.”

On Expectations: “Honesty is a very expensive gift. Do not expect it from cheap people.”

 

Here are five lessons that the Oracle of Omaha – Warren Buffett passed on to his son, Peter Buffett.

 

Stay in Milwaukee

In other words, follow your own path, not the approach taken by everyone else. After his big career breakthrough – scoring the memorable “Fire Dance” scene in the Oscar-winning film ‘Dances with Wolves’ – Peter Buffett didn’t move to Hollywood. Instead he continued to live in Milwaukee, and remained true to himself. His father, of course, did the same thing, remaining in his home town of Omaha instead of following the investing herd and moving to Wall Street. Warren Buffett has said this makes him a better investor, because he doesn’t get caught up in the fear, greed or conventional wisdom that other investors fall prey to.

 

Give Your Kids Opportunity, Not Handouts

Peter Buffett says his father helped him get started, but didn’t give him so much money that he could just sit back and live off the inheritance. As Warren Buffett put it: “Enough to do anything but not enough to do nothing.” It’s a useful starting point even if you’re not in Buffett’s league when it comes to wealth. You might decide to pay your children’s way through college, for example, but tell them that after that, they’re on their own.

 

Give to Charity, and Get a Lot Back

Sure, Peter Buffett may have a little more to drop in the collection plate than you do, but the lesson he learned still applies. In 2006, Warren and Susan Buffett gave each of their kids $1 billion to give to charity. With his wife, Jennifer, Peter launched the NoVo Foundation, which helps girls and women around the world who “suffer from violence, poverty and discrimination simply because they are female.”

Peter remembers his dad asking: “Do you think this will affect your music?” “I didn’t know what he was talking about,” Peter says — but then the work he was doing with girls in Africa started to seep into his art. “My music has taken all these interesting turns because of the foundation. Which I never would have expected.”

 

Invest in Potential

Great investors and smart bettors understand that biggest returns come not from the best company or the fastest horse, but the most undervalued stock or the least appreciated steed. Peter Buffett said he applied his father’s investing wisdom to his charitable foundation: “If you invest in an undervalued asset and just let it grow, the market will catch up and recognize its value and you’ll get a huge return,” Peter Buffett says. “To me, that’s an adolescent girl in the developing world.”

 

Do What You Love

“[My Dad] always said, ‘Do what you love,’” says Peter. “That was critical. Really, my Dad and I do the same thing … He told me: ‘Don’t settle for anything other than your passion – if you’re lucky enough to find it.” But finding it, Peter says, is the hardest part.

 

5 Lessons for Peter Buffett from Warren Buffet originally appeared here

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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Life

9 Harsh Truths Every Young Man Must Face to Succeed in the Modern World

Before chasing success, every young man needs to face these 9 brutal realities shaping masculinity in the modern world.

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Image Credit: Midjourney

Many young men today quietly battle depression, loneliness, and a sense of confusion about who they’re meant to be.

Some blame the lack of deep friendships or romantic relationships. Others feel lost in a digital world that often labels traditional masculinity as “toxic.”

But the truth is this: becoming a man in the modern age takes more than just surviving. It takes resilience, direction, and a willingness to grow even when no one’s watching.

Success doesn’t arrive by accident or luck. It’s built on discipline, sacrifice, and consistency.

Here are 9 harsh truths every young man should know if he wants to thrive, not just survive, in the digital age.

1. Never Use Your Illness as an Excuse

As Dr. Jordan B. Peterson often says, successful people don’t complain; they act.

Your illness, hardship, or struggle shouldn’t define your limits; it should define your motivation. Rest when you must, but always get back up and keep building your dreams. Motivation doesn’t appear magically. It comes after you take action.

Here are five key lessons I’ve learned from Dr. Peterson:

  • Learn to write clearly; clarity of thought makes you dangerous.

  • Read quality literature in your free time.

  • Nurture a strong relationship with your family.

  • Share your ideas publicly; your voice matters.

  • Become a “monster”, powerful, but disciplined enough to control it.

The best leaders and thinkers are grounded. They welcome criticism, adapt quickly, and keep moving forward no matter what.

2. You Can’t Please Everyone And That’s Okay

You don’t need a crowd of people to feel fulfilled. You need a few friends who genuinely accept you for who you are.

If your circle doesn’t bring out your best, it’s okay to walk away. Solitude can be a powerful teacher. It gives you space to understand what you truly want from life. Remember, successful men aren’t people-pleasers; they’re purpose-driven.

3. You Can Control the Process, Not the Outcome

Especially in creative work, writing, business, or content creation, you control effort, not results.

You might publish two articles a day, but you can’t dictate which one will go viral. Focus on mastery, not metrics. Many great writers toiled for years in obscurity before anyone noticed them. Rejection, criticism, and indifference are all part of the path.

The best creators focus on storytelling, not applause.

4. Rejection Is Never Personal

Rejection doesn’t mean you’re unworthy. It simply means your offer, idea, or timing didn’t align.

Every successful person has faced rejection repeatedly. What separates them is persistence and perspective. They see rejection as feedback, not failure. The faster you learn that truth, the faster you’ll grow.

5. Women Value Comfort and Security

Understanding women requires maturity and empathy.

Through books, lectures, and personal growth, I’ve learned that most women desire a man who is grounded, intelligent, confident, emotionally stable, and consistent. Some want humor, others intellect, but nearly all want to feel safe and supported.

Instead of chasing attention, work on self-improvement. Build competence and confidence, and the rest will follow naturally.

6. There’s No Such Thing as Failure, Only Lessons

A powerful lesson from Neuro-Linguistic Programming: failure only exists when you stop trying.

Every mistake brings data. Every setback builds wisdom. The most successful men aren’t fearless. They’ve simply learned to act despite fear.

Be proud of your scars. They’re proof you were brave enough to try.

7. Public Speaking Is an Art Form

Public speaking is one of the most valuable and underrated skills a man can master.

It’s not about perfection; it’s about connection. The best speakers tell stories, inspire confidence, and make people feel seen. They research deeply, speak honestly, and practice relentlessly.

If you can speak well, you can lead, sell, teach, and inspire. Start small, practice at work, in class, or even in front of a mirror, and watch your confidence skyrocket.

8. Teaching Is Leadership in Disguise

Great teachers are not just knowledgeable. They’re brave, compassionate, and disciplined.

Teaching forces you to articulate what you know, and in doing so, you master it at a deeper level. Whether you’re mentoring a peer, leading a team, or sharing insights online, teaching refines your purpose.

Lifelong learners become lifelong leaders.

9. Study Human Nature to Achieve Your Dreams

One of the toughest lessons to accept: most people are self-interested.

That’s not cynicism, it’s human nature. Understanding this helps you navigate relationships, business, and communication more effectively.

Everyone has a darker side, but successful people learn to channel theirs productively into discipline, creativity, and drive.

Psychology isn’t just theory; it’s a toolkit. Learn how people think, act, and decide, and you’ll know how to lead them, influence them, and even understand yourself better.

Final Thoughts

The digital age offers endless opportunities, but only to those who are willing to take responsibility, confront discomfort, and keep improving.

Becoming a man today means embracing the hard truths most avoid.

Because at the end of the day, success isn’t about luck. It’s about who you become when life tests you the most.

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Change Your Mindset

Work-Life Balance Isn’t a Myth: Here’s How to Actually Make It Happen

Work stress doesn’t have to win, here’s how to protect your peace and thrive in any workplace.

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Image Credit: Midjourney

Starting a new job often comes with excitement and ambition. Yet, beneath that initial enthusiasm, many employees quickly encounter the reality of workplace challenges, especially stress. (more…)

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Change Your Mindset

The Four Types of Happiness: Which One Are You Living In?

Most people chase success only to find emptiness, this model reveals why true happiness lies somewhere else.

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happiness model explained
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In a world driven by rapid technological growth and constant competition, many people unknowingly trade joy for achievement. (more…)

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Success Advice

11 Mark Manson Lessons That’ll Redefine Success in the Digital Age

Success in the digital age isn’t about hacks, it’s about the raw, real lessons Mark Manson actually lives by.

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Mark Manson life lessons on success
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In 2016, Mark Manson released The Subtle Art of Not Giving a F*ck, a brutally honest, thought-provoking book that redefined self-help for a new generation. (more…)

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