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10 Powerful Habits of The Ultra Successful

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“Successful people are simply those with successful habits” – Brian Tracy

We often run through life, envious of all the people who “made it”. Not being able to recognize exactly why they are where they are in life. We’re confused as to what trickery or black magic these people have applied in their life that has enabled them to rise to the top of their industry. Unfortunately we’re never able to distill this “special ingredient” or “secret” that has kept us in doubts for so long. Eventually it can even drive us to the brink of insanity But I’d say we’re searching for the wrong things.. How so?

  • What’s the one thing that made him so much money?
  • What’s the one thing that allowed him to have so many friends?
  • What’s the single source of his great health?

We’re primarily focused on certain events whilst almost every (if not all) successful aspects we recognize in a person is the sum of different processes. These processes are basically different habits that have been built up over time which have compounded in the results they’re experiencing in their life. I call this habit-stacking Habit-what? ——————————————————————————–

 

What Is Habit Stacking?

Habit stacking is the process of incrementally (meaning gradually) implementing new, empowering habits in your day-to-day life. These daily, high-leverage tasks will “stack up” over time which will in turn improve what I call your “success-level” For illustrative purposes, here’s fancy infographic I made; Untitled Report (1)   The quantity and quality of every success habit performed, will define the altitude of your success-level. I’ve seen this pattern recurring in many different successful people I’ve observed the past years. People like Warren Buffet, Anthony Robbins, Elon Musk, Arnold Schwarzenegger, Owen Cook and many more. The people who obviously “have their stuff together” The stacking of these habits creates an immense amount of control over their life and therefore yields the compounding results they have acquired.

By analyzing and defining their different habits, I’ve compiled a list of what I believe are the 10 most potent habits to implement in your life.

 

Ten Essential Success Habits

(Speed) Learningold-books-436498_1280

I’ve seen this habit recurring time and time again. The wealthiest people of the world are avid learners. In an interview , Warren Buffet and Bill Gates were asked if they could have one superpower in the world, what would it be? They both argued that being the worlds fastest reader would be HUGE Why is it so effective?

Reading allows us to skip (partially) the process of trial and error by simulating the future in our mind, based on the knowledge we’ve acquired from other peoples’ mistakes. Why make your own when you can learn so much from others?

It allows us to “stand on the shoulders of giants” by acquiring information that enables us to avoid many failures.

How to start? Start by reading 15 pages every day (non-fiction)

 

Visualization

Often in life we harbor dis-empowering thoughts in our head;

  • I’m not good enough
  • I’m not good with women
  • I don’t deserve to be rich
  • I’m not able to lose any weight

These are all perfect examples of limiting beliefs that become self-fulfilling prophecies and basically rob ourselves of everything we want out of life. People are not limited to these perceptions and are actually able to change these for the better (however, not many realize they can do this) How you perceive yourself and your surroundings literally sets the boundaries of your individual accomplishment. It basically defines what you can and cannot do. This is a social theorem defined by W.I Thomas and D.S. Thomas;

“People react not only to the situations they are in, but also, and often primarily, to the way they perceive the situations and to the meaning they assign to these perceptions. Therefore, their behavior is determined in part by their perception and the meaning they ascribe to the situations they are in, rather than by the situations themselves. Once people convince themselves that a situation really has a certain meaning, regardless of whether it actually does, they will take very real actions in consequence.”

So what should I do? Improve your self-image and your image of the world and likewise will your accomplishments grow to greater heights. The way I do this is by writing down how I want to perceive myself and visualize in detail how I will act in certain situations. Repetition is key! Eventually it will become real. This might sound like the black magic I referred to earlier, but it goes much deeper than that. You could argue that this is yet another pseudo-scientific trick to justify positive thinking but I personally believe (from several experiences and observations) that this “trick” works.

How to start? Read books like “Psycho-Cybernetics” by Maxwell Maltz, “Think and Grow Rich” by Napoleon Hill and “As A Man Thinketh” by James Allen (FREE DOWNLOAD)

 

Exercise & Dietstrawberries-272812_1280

Our body is probably the single most important investment we can make in our life. And the only one we’re 100% convinced off that we’re always going to need it. Yet I see so many people gulping down fast-food, copious amounts of alcohol and neglecting any form of exercise. Everything you operate needs maintenance from time to time. You can compare your body to driving a car. If you don’t take care of your car, guess what’s going to happen? Buy a new one? Nope, game over buddy!

How to start? Make sure you get the recommended physical activity every day (if you can do more, do so!). Do this first thing in the morning and just get it over with. The consequences are far more detrimental.

 

Goal Setting (In Writing)

Writing down your goals has been proven time and time again that they can make a huge impact on your life altogether! A study about goal setting at Harvard University in the book “What They Don’t Teach You in the Harvard Business School” by Mark McCormack discovered the following truth about goal-setting and performance;

“Only three percent of the graduates had written goals and plans; 13 percent had goals, but they were not in writing; and a whopping 84 percent had no specific goals at all. Ten years later, the members of the class were interviewed again, and the findings, while somewhat predictable, were nonetheless astonishing. The 13 percent of the class who had goals were earning, on average, twice as much as the 84 percent who had no goals at all. And what about the three percent who had clear, written goals? They were earning, on average, ten times as much as the other 97 percent put together.”

The truth is simply this; without goals you don’t have any direction in life and nothing really tangible to work towards. Result? You get nowhere. Pretty obvious stuff, right?

How to start? Set some goals! Here’s how I do it.

 

Planning & Prioritizationhook-76785_1280

Do the most important things first. This is such a simple concept talked about by many high-achievers. I’ve read about this in “The One Thing” by Gary Keller, “The 7 Habits Of Highly Effective People” by Stephen Covey and “Think And Grow Rich” by Napoleon Hill What they all basically say is that you should find your one, most important focus for every single day (aligned with the goals you’ve set out for yourself) and consequently annihilate that goal in the morning until it is finished – everything else is a distraction. Simple, yet not easy.

How to start? Find your one, most important task for the day and execute accordingly. Also set a time limit on these goals, so you don’t get stuck in saying things like; “I’m done at x hour” or “my work gets done when it’s done.” Limitations create urgency. Urgency gets things done.

 

Money Management

Another big pillar in success is shifting from the consumer mentality into the investor mentality. See your little dollars as seeds. By spending your hard-earned money in a smart way you’ll be able to grow your investments into bigger pay-offs over time

  • Don’t buy ridiculously overpriced smartphones
  • Don’t amass great amounts of debt
  • Don’t live above your means

Basic stuff like that makes a huge difference over time.

How to start? Read some great books on financial beliefs and money management like “Rich Dad, Poor Dad” By Robert T. Kiyosaki, “The Millionaire Fastlane” by MJ Demarco and “The Intelligent Investor” by Benjamin Graham.

 

Waking Up Early

clock-20013_1280 Our time on earth is limited. With our average life expectancy of 78.6 years (as of 2014) we spent 25 years of that sleeping! Tai Lopez (who became a self-made millionaire in his 20’s) says that we only have 50 000 valuable hours to really dedicate to doing our greatest work. The rest of the time is spend in disability, sickness, sleeping, old age, young age and so-forth.

Imagine that I give you a check of $50 000 in the beginning of your life, how scarcely would you spend those dollars?

How to start? Start waking-up an hour earlier everyday! That’s 365 hours extra a year which equals more than two weeks! What are you waiting for? Tick-tock.

 

Build On Strength

We’re all born with our unique sets of strengths and talents yet we rarely develop those to our natural capacities. We fall into the trap of believing the “you can be anything you want” fairy-tale that has been fed to us by our surroundings. The truth (IMO) is this: We can only perform optimally from strength. Talent and investment serve as amplifiers for your achievement level. TALENT X INVESTMENT = STRENGTH Investment can be self-generated whilst raw talent is incredibly difficult to add.

While it may be possible, with a considerable amount of work, to add talent where little exists, our research suggests that this may not be the best use of your time – Strengthsfinder 2.0 by Tom Rath

My take on strengths is the following; Build your life on what you’re good at, but improve your weaknesses to the degree that they don’t hold you back.

How to start? A great way to get started and gain some priceless self-knowledge is by taking the personality test at 16Personalities.com. I found the results disturbingly accurate yet amazingly insightful.

 

Networking & Social Skillsteam-386673_1280

Many successful people are not where they are solely because of their many skills and talents (which they have) but because they made themselves known to others. Ever heard the statement; It’s not about what you know, it’s about who you know? In terms of success this certainly rings true. Mostly it’s not you that rises trough the ranks by your own effort. People rise to success by others lifting them up.

Additionally, by surrounding yourself with these “high-achievers” your own performance level will be increased. This is because the people we see regularly set the standard for what is appropriate and therefore we’ll adjust to that environment.

How to start? Read some books on basic social skills like “How To Win Friends And Influence People” by Dale Carnegie and get some great resources on networking! One website I’d definitely recommend is SmartBusinessRevolution.com by John Concoran (he has a GREAT free ebook).

 

Character

And last but certainly not least important: Character! By setting for ourselves a certain standard for acceptable behavior, we’re able to connect with other people on a genuine level. Things like; being honest, keeping secrets, having integrity, not cheating, not stealing and so-forth. People automatically want to connect with the ones who don’t have hidden agendas and are pure of heart. Immorality breaks relationships.

How to start? Write down for yourself a certain set of rules (a code of conduct) you will live by that will lead to a successful life (whatever that means to you). Be sure to include the essentials like integrity, honesty, responsibility and so-forth. Read these values when you get out of bed and live accordingly.

 

Essence

I know this can be a lot to take in and therefore I highly recommend building up each habit until it has become a natural part of your day-to-day routine. (don’t take on more than one at a time – two at max) New research shows that the formation of a new habit can take anywhere from 18 to 254 days (66 on average). So consistency is key here. Start with small steps and slowly build them up. Notice also that almost all the habits I’ve mentioned above are short-term sacrifices that will result in long-term benefits.

By overcoming forms of instant gratification like cheating, watching tv, splurging money, binge-eating and whatnot we set ourselves up for a great future. Delayed gratification is your ticket to success! (Which doesn’t mean you’re not allowed to enjoy life – within reason 😉) Anyway, that’s all I have to say on success habits for today. I hope I’ve been able to spike your curiosity to try out a new habit (or improve the quality/quantity of an old one) So, that leaves me with just one more question;

 

What other “success-habits” do you know?

————————————————

Thanks for taking the time to read my post! I really appreciate it.

If you’re having anymore thoughts or questions about this topic, feel free to share them with me in the comment section below!

Take care, Simon

I’m Simon! Fitness-fanatic and self-development addict. I’m on a quest for happiness and fulfillment in my life to become everything I’ve set out to be, and so are you! I write about Creating Yourself on BasicGrowth.com

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79 Comments

79 Comments

  1. Stealth for Men

    Jan 31, 2017 at 8:09 am

    Visualization is a very important one I use.

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Success Advice

The 6 Step Process for Delivering Critical Feedback in a Constructive Way

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We have all been in the position where we knew we needed to have a difficult conversation at work that involved delivering constructive feedback. Maybe a major deadline was missed, there was a clear decline in performance, or someone blatantly dropped the ball. Most of us avoid delivering the feedback, and the conversation can get pushed back again and again, wasting valuable time and money.

Delivering constructive feedback is challenging, and uncomfortable for most people, even highly trained leaders. Yet, delivering and accepting feedback is one of the most important keys for success. So why do we avoid these conversations? Because we never learned how to have them.

Open, honest, direct communication is not a skill we are taught in school. There is no “How to Have Tough Conversations” 101. As a clinical psychologist that specializes in couples work, I see just how important communication is in maintaining thriving relationships. I understand that good communication is the foundation of every successful relationship; both intimate relationships and your work relationships.

Below is a 6-step guide to providing constructive feedback:

Step 1: Clarity on the Goal of the Conversation  

The first step is to get clear on the goal of the feedback conversation. Are you planning to see a change in performance, simply communicate how you felt, or receive an apology? Get clear on what you are hoping to get out of the conversation. Be honest with yourself about what you need, what is most helpful to the relationship, and what is most helpful to the organization. Getting clear on the goal also ensures you are speaking with the right person.

“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.” – Elon Musk

Step 2: Invitation

Set up a time to talk. Feedback conversations are not meant to be had in the hallway. It is important that both parties can set aside adequate time and have the space needed for dialogue. Additionally, there must be respect for both parties’ need for time to process information. For example, if you are delivering feedback, and the receiver needs time to process the feedback before responding, setting up a subsequent meeting will be most helpful.

Step 3: Ownership

Own the role you played in creating the situation. When you model ownership of blind spots, failures, or missteps, you set the stage for the receiver to do the same. For example, you may acknowledge that you were not aware of how to support your employee and not aware of the problem until x situation occurred. Equally important as owning your role, is owning your emotions. Own your emotions using “I” statements. For example, “I felt disappointed when I realized your sales performance had substantially declined”.

Step 4: Open, Honest, Direct Feedback

Feedback that dances around the problem does not do anyone any good. It only increases anxiety on behalf of the receiver, and potentially causes the feedback to get totally lost. The conversation needs to be open, honest, and direct. For example: “I felt concerned when you did not attend the last two strategy calls this month…It brought up questions for me about your commitment to the company.”

Step 5: Listen, Validate and Accept

When providing feedback, it is important both parties maintain an open mind, and respond in a way that communicates validation and acceptance. As soon as an individual gets defensive, feedback cannot be taken in, and the value of the conversation dramatically decreases. When providing feedback it is important to listen, validate, and accept your receiver’s viewpoint. Notice, I did not say agree. This looks something like saying: “I can see why X led you to commit Y , I understand you were under a great deal of stress/dealing with a personal situation/frustrated.”

“We all need people who will give us feedback. That’s how we improve.” – Bill Gates

Step 6: A Clear Plan for Moving Forward

In providing feedback, the magic is that now things can change! If feedback is never given, relationships end, things will stay the same, businesses will die, and money will be lost. If you have gotten to this step, that means you did the hard work, and now you get to put change into action. A clear plan includes an acknowledgement from both parties regarding what they will do differently to prevent the situation from occurring again, and how they will stay accountable in making the change happen.

The good news about delivering feedback is that the more you do it, the easier it gets. Remember, giving and receiving feedback is one of the most surefire ways to open yourself up to massive growth.

As a giver of feedback, it is your job to model openness and a desire for growth, so that the receiver may take in the feedback and make the necessary changes. Exceling at feedback delivery will help you set you apart from others and enable you to achieve extraordinary relationships, in both your personal and work lives.

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Success Advice

Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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5 Essential Skills to Drive Success in Every Niche

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There are many people who don’t have the courage to launch a business in a niche as they think they don’t have the right skills and experience to obtain success. While there are specific skills which determine the success in every niche, there are also some general skills which ensure success in any business you would try.

Below are 5 essential skills you need to drive success in every aspect of your life:

1. Ambition

When you launch a new business, you need to be prepared for difficult moments such as fighting the competition and winning your target audience. Moreover, if you follow some successful entrepreneurs, you should keep in mind that they also faced difficulties and continue to experience them. So, how does a successful entrepreneur get over all the difficulties?

The essential skill you need to possess is called ambition. Set small and clear milestones in your development plan and use your ambition to go over each difficulty and finalize what you had in your mind. It doesn’t matter how hard the path is going to be. Visualize your target and put in all the efforts to achieve it. Staying organized and scheduling each step to get things done are some of the techniques you can use to achieve success.

2. Listen to those around you

While listening to your instincts is necessary if you want to be a successful entrepreneur, this is not enough. As your business develops, you will have an entire team to manage and lead to success. Therefore, you cannot be a successful leader and have success in every niche unless you learn how to listen to the people around you.

You should listen to your employees and discover what they are expecting from you. This is the way to follow if you want to keep your team motivated and help them give the best of themselves.

On the other hand, you will need to listen to your customers to improve your products and services and provide excellent customer support. By listening carefully to the voice of your customers, you will be able to stand out of the competition and ensure their loyalty towards your brand.

“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” – Jeff Bezos

3. Courage

When you decided to become an entrepreneur and build your own business, it means you are a courageous person. Courage will help you harness the power of creativity. Don’t be afraid to take risks if you feel a specific action will bring more success to your business.

Apart from doing intensive research on your ideas and developing the exact steps you are going to follow, you will need the courage to implement them. Not all the ideas will turn out to be successful.

Regardless, you will have something to learn from each success or mistake and this will help you move your business even further. When you have the courage to follow a path which is not very familiar to you, this is going to be the moment when you will widen your horizons and exceed your limits to achieve success.

4. Creativity and imagination

If you already implemented your idea and you see that it works, you most probably think that you don’t need to change anything to achieve more success. You need to keep in mind that customers’ preferences change and your competition is waiting for your mistakes to “steal” your clients.

Therefore, you need to use your creativity and imagination to improve your products and services to meet your customers’ expectations. What is more, creativity can also mean that you are open to talk to new people and use their experience to improve something in your business.

“Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.” – Steve Jobs

5. Continuous learning

If you want to drive success in every niche you will need to show a willingness to learn. You need to stay updated with what happens in your niche and what your customers expect from you.

Education is not only something for school. It is a lifelong process, and you should be open to seek knowledge and improve your skills with every opportunity. An efficient trick is to stay close to people who are already successful in your industry, ask their opinions on various subjects and learn from their experience.

The above five essential skills will help you build a successful business in every niche. A true leader is ambitious, knows to listen to the people around him, and is always open to learning from others.

No matter the size of your business, you will need to be creative and use your imagination to improve your products and services. These skills will help any leader develop new skills, stand out of the crowd, and strengthen his position on the market.

What skill do you think is most important to be successful in life? Let us know below!

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5 Key Investment Principles from Warren Buffett

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Warren Buffett is a mentor for a lot of traders. Why shouldn’t he be? After all, his investing principles have earned him the title of the world’s greatest investor. His way of working is a little contradictory to many others in the arena of online trading. He doesn’t invest the way it’s depicted in the popular media. He is the kind of investor who likes buying and holding.

Buffett has taught us that once you buy a stock, hold it no matter what. Forget that there is a recession in the economy or it is at its boom. Whether it’s good times or bad, you’re supposed to hold onto the stock.

Buffett doesn’t just buy stocks for the sake of holding them. He buys them for a specific reason. When those reasons no longer exist, he sells the stocks. He not only looks for good prices but sound management and a competitive advantage. He shared his opinion that companies such as IBM, Sears, and GM are great but they cannot stay competitive for long. Therefore, these companies shouldn’t be a part of your portfolio.

Why not learn from the pro himself and invest the right way? Here are 5 key principles to begin with:

1. Invest In What You Know

Before investing in a stock, it is very important to understand what a company does and how it makes its money. Ever wondered why Buffett has always avoided investing in tech stocks? It’s because he does not completely understand their business model. He sticks to what he knows.

This also explains why he prefers investing in Berkshire’s stocks. It represents a diverse mix of stocks such as utilities, banking, and insurance and consumer products. All of these are businesses that Buffett understands very well. No wonder he has invested a significant amount of money here.

“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”  – Warren Buffett

2. Before Buying a Stock, List the Criteria

It makes sense to buy stocks on the basis of criteria, right? After all, you’re ensuring that you don’t end up investing in something unfavorable. You could be searching for stocks in a certain industry with a set price to earnings ratio.

Buffett never makes the price of the stock the sole criteria of his buying decision. Sometimes, great companies end up taking a price dip because of the market situation. However, holding onto these stocks could still turn out to be favorable.

3. Be Aggressive During Tough Times

Generally, it’s not recommended to time the market. But if you’re a long-term investor, you’ll be fine no matter when you buy. This means that even during the tough economic times, you shouldn’t settle down. Keep on looking for opportunities. This is what Warren Buffett does because he knows that things will eventually turn around.

Buffett is known for capitalizing on opportunities during and after the great recession. Bank of America investment is one of the best examples of this. In his latest annual letter, Buffett said that “dark clouds will fill the sky almost after every decade. But it certainly will rain gold.” So don’t despair, keep on investing.

4. Don’t Worry About the Day to Day Market Movements

Along with other tips, Buffett also said that you must only buy a stock if you are comfortable holding on to it in case the stock market shuts down for a decade. Since you are holding onto the stocks for 10 or more years, there is no point in losing sleep over the minor swings.

Ignore the headlines about the trade wars, the government shutdown, and other chaotic news. Instead, you focus on learning the potential growth of your company over the course of time. The fact is, stock prices keep on changing, but it’s not significant if the company’s business still has a bright future.

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” – Warren Buffett

5. Buy Buffett’s Stocks

Buffett keeps everything simple when it comes to investing. If you don’t want to do the guesswork and research to figure out which stocks to buy, simply invest in the stocks Buffett already owns. But, make sure you understand the business. Buffett discloses his holdings publically each quarter. He has capital in companies such as Wells Fargo, Apple, and Bank of America. To keep things simple, you can buy the shares of Berkshire Hathaway itself.

Warren Buffett hasn’t been successful all by himself. He has a team of investors who help him do legal work and give him investment tips. He’s also a part of an advisor network because he understands that an investor needs all the help he can get. It’s amazing that a billionaire like him still listens to others.

Now that you know how to invest like Buffett, it’s time you prepare your investment strategy. These principles are not hard and fast criteria, they are simply a discipline strategy all investors should stick to. Along with these, you can use math, technical analysis, fundamental analysis, and even stock charts to make a decision. You may not end up a billionaire, but you will avoid losses and make more profits than your fellows.

Which one of the 5 key investment principles from above resonated with you most? Let us know below!

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