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7 Empowering Life Lessons from Warren Buffett

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Warren Buffett, also known as the “Oracle of Omaha,” is one of the greatest investors of our time. He’s my personal favorite, not only because he’s a great investor but also because he has led an exemplary life. Buffett, who turns 91 this year, has a net worth of more than $85 billion. Buffett has taught us many lessons from his speeches and his life.

Here are some of the best life lessons from Warren Buffett:

1. Read

Buffett has always believed in the power of compounding. He has not only applied this to investing but also to his life. He keeps himself updated by reading more than 500 pages a day. When he finds time, he reads the 10-K reports of companies and analyzes the companies of interest. Nowadays, reading has become harder and harder to do. There are so many apps clamoring for our attention that it becomes almost impossible to free ourselves of distractions and sit down to read. However, if you follow Buffett’s advice, it will become a habit, and the knowledge gained today will go a long way.

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” – Warren Buffett

2. Stay simple

Although he’s so wealthy, Buffett prefers to live with simplicity and much below his means. He still lives in the home that he purchased in the 50s. Buffett has his breakfast at McDonald’s and drives the same car he has had for years. This doesn’t mean that he doesn’t live well. He doesn’t feel the need to be extravagant. Living simply will remove the pressure to impress people on social media and focus on what matters. If you feel validated within yourself, you won’t need external validation. 

3. Demonstrate integrity

Buffett has always demonstrated integrity in his business dealings. If he promised something, he would consistently deliver. He has delivered value for his shareholders and businesses. Buffett values integrity more than any other quality, even above intelligence or energy. Interestingly, Buffet believes that there are no qualities that cannot be developed because they are all choices that we make. It is crucial to self-introspect and choose integrity to succeed in life. It is something that cannot be traded for anything, no matter what the price is. 

4. Learn to communicate

Buffett was very shy when he was young. However, he realized that communicating well is necessary for success, so he joined a public speaking course and improved his communication, which helped him in his business and public life. He has always credited this course as one reason for his success. Buffett shares his wisdom through relatable short stories, a testament to his communication skills. If you are not good at articulating your thoughts, now is an excellent time to join a course to have an audience and practice your public speaking and gain confidence.

5. Love what you do

Buffett found what he loved to do very early in his life and has said that he tap dances on his way to work. He is so successful at what he does because he loves his work. He has always said that working at a job you don’t love is not the best strategy if you want to be happy. He advises students to do what they love because life is too short to be miserable at a job you hate. If you are at a job you hate, work towards changing it. If you don’t love what you do, keep looking until you find your passion. When the going gets tough at work, your passion and interest in your career will carry you through.

6. Be humble

Despite Buffett’s knowledge and wealth, Buffett is incredibly humble and is not afraid to admit mistakes. He has also revealed his lack of expertise in certain areas. When asked why he doesn’t invest in technology, he famously said that he only invests in what he understands. He has admitted that he doesn’t understand specific industries and would be far better positioned to succeed by investing in an industry he understands. Buffett has demonstrated humility and admitted investment mistakes to shareholders when he has made them. Humility can be developed by listening and asking for feedback. It is essential to question your assumptions and recognize that you may be wrong.

“I measure success by how many people love me.” – Warren Buffett

7. Be generous

Warren Buffett has been totally generous with his money. He has pledged to give away over 99% of his wealth. He has already donated more than $34 billion to various foundations. He believes that he would be using less than 1% of his wealth in his lifetime, and the 99% doesn’t have any utility for him. He believes in donating the rest to people who would benefit from this money. 

Buffett’s admirable qualities have made him successful and made him tremendously popular among his peers and younger generations. No doubt, imbibing his qualities will help you develop your personality, build your character and help you lead a successful life.

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Life

How Learning the Skill of Hope Can Change Everything

Hope isn’t wishful thinking. It’s a state of being and a skill that has profound evidence of helping people achieve success in life

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Hope as a skill
Image Credit: Midjourney

Hope isn’t wishful thinking. It’s a state of being and a skill that has profound evidence of helping people achieve success in life.

Wishful thinking, on the other hand, is like having dreams in the sky without a ladder to climb, having a destination without a map, or trying to operate a jet-engine airplane without instructions. It sounds nice but is impossible to realize. You don’t have what you need to make it happen!

What Real Hope Is

Real hope is actionable, practical, and realistic. Better yet, it’s feasible and can be learned.

One popular approach is Hope Theory. This concept is used by colleges to study how hope impacts students’ academic performance. Researchers found that students with high levels of hope achieve better grades and are more likely to graduate compared to those with less hope.

Hope can be broken down into two components:

  1. Pathways – The “how to” of hope. This is where people think of and establish plans for achieving their goals.
  2. Agency – The “I can” of hope. This is the belief that the person can accomplish their goals.

Does Hope Really Work?

According to Webster’s Dictionary, hope as a noun is defined as: “desire accompanied by expectation of or belief in fulfillment.”

As humans, we are wired to crave fulfillment. We have the ability to envision it and, through hope, make it a reality.

My Experience with Hope

For 13 years, I was a hopeless human. During my time working at a luxury hotel as a front desk agent earning $11.42 per hour, I felt the sting of hopelessness the most.

The regret of feeling my time was being stolen from me lingered every time I clocked in. Eventually, I decided to do something about it.

I gave myself permission to hope for something better. I began establishing pathways to success and regained agency by learning from self-help books and seeking mentorship.

Because I took action toward something I desired, I now feel more hope and joy than I ever felt hopelessness. Hope changed me.

Hope Actually Improves Your Life

Wishful thinking doesn’t work, and false hope is equally ineffective. Real hope, however, is directly tied to success in all areas of life.

Studies show that hopeful people tend to:

  • Demonstrate better problem-solving skills
  • Cultivate healthier relationships
  • Maintain stronger motivation to achieve goals
  • Exhibit better work ethic
  • Have a positive outlook on life

These benefits can impact work life, family life, habit-building, mental health, physical health, and spiritual practice. Imagine how much better your life could be by applying real hope to all these areas.

How to Develop the Skill to Hope

As acclaimed French writer Jean Giono wrote in The Man Who Planted Trees:
“There are also times in life when a person has to rush off in pursuit of hopefulness.”

If you are at one of those times, here are ways to develop the skill to hope:

1. Dream Again

To cultivate hope, you need to believe in its possibility. Start by:

  • Reflecting on what you’re passionate about, your values, and what you want to achieve.
  • Writing your dreams down, sharing them with someone encouraging, or saying them out loud.
  • Creating a vision board to make your dreams feel more tangible.

Dreams are the foundation of hope—they give you something meaningful to aspire toward.

2. Create an Environment of Hope

  • Set Goals: Write down your goals and create a plan to achieve them.
  • Visualize Success: Use inspirational quotes, photos, or tools like dumbbells or canvases to remind yourself of your goals.
  • Build a Resource Library: Collect books, eBooks, or audiobooks about hope and success to inspire you.

An environment that fosters hope will keep you motivated, resilient, and focused.

3. Face the Challenges

Don’t avoid challenges—overcoming them builds confidence. Participating in challenging activities, like strategic games, can enhance your problem-solving skills and reinforce hope.

4. Commit to Wisdom

Seek wisdom from those who have achieved what you aspire to. Whether through books, blogs, or social media platforms, learn from their journeys. Wisdom provides the foundation for real, actionable hope.

5. Take Note of Small Wins

Reflecting on past victories can fuel your hope for the future. Ask yourself:

  • What challenges have I already overcome?
  • How did I feel when I succeeded?

By remembering those feelings of happiness, relief, or satisfaction, your brain will naturally adopt a more hopeful mindset.

Conclusion

Hope is more than wishful thinking—it’s a powerful skill that can transform your life. By dreaming again, creating a hopeful environment, facing challenges, seeking wisdom, and celebrating small wins, you can develop the real hope necessary for success in all aspects of life.

Let hope guide you toward a brighter, more fulfilling future.

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Life

The 5 Stages of a Quarter-Life Crisis & What You Can Do

A quarter-life crisis isn’t a sign you’ve lost your way; it’s a sign you’re fighting for a life that’s truly yours.

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what is a quarter life crisis
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The quarter-life crisis is a well-defined set of stages—Trapped, Checking Out, Separation, Exploration, Rebuilding—one goes through in breaking free from feelings of meaninglessness, lack of fulfillment, and misalignment with purpose. I detail the stages and interweave my story below. (more…)

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Life

Here’s The Thing About Learning, Unlearning, and Relearning

Stop hoarding and start sharing your knowledge and wealth for the benefit of humankind

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sharing your knowledge
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Few people have the habit of hoarding their wealth without spending.  However, it limits their motivation as they tend to get into their comfort zones.  When people start spending money, then there will be depletion in their coffers. (more…)

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Life

3 Steps That’ll Help You Take Back Control of Your Life Immediately

The key to finding “enough” is recognizing that the root of the problem is a question of self-esteem and deservedness

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How to build self worth
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“It’s never enough.” (more…)

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