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How to Turn Your Thoughts Into Amazing Results

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Thinking Ideas Thoughts and Intentions Into Success

Being a mover and shaker, you’re always on the lookout for that one thing that can give you the edge.

Whether it’s the power-protein you mix into your coffee in the morning, or the way you optimize your inbox… you probably don’t care about the theory behind it….

You want to know what works!

Right?

I’ve worked with hundreds of grounded business owners and aspiring entrepreneurs and the thing I’ve noticed consistently is their ability to get results.

Real results.

Tangible, kick-ass, bottom line results.

And the thing that holds people back from creating the results they really want, and deserve, is the nagging doubt that they might not succeed.

Perhaps you’ve felt this way?

Maybe you’ve found yourself taking one step forward and two steps back, trying to will yourself to be positive. To have faith. To just work harder and maybe, just maybe, success will be yours.

Hoping. Dreaming. And trying desperately to not let those nay-sayers be right.

And if this is you – you’re not alone.

What I’ve noticed in working with hundreds of entrepreneurs over the years is that the folks who finally reach their goals, and get the awe-inspiring results are the ones who have taken time to master their thought.

Sounds glib?

I can assure you, that this is the foundation of every great person who has ever achieved anything. Total mastery of thoughts… Because your thoughts literally do create the world you experience.

And the secret is to focus on the outcome. (You can read more on how to do this here.)

The outcome you hold in your mind, really does create your physical world!

But what I find is that when folks first hear about this concept, they’re a little sceptical.

How can thinking about increasing my profit actually make more people buy my product?” they often scoff.

And I get it.

I used to wonder the exact same thing.

And until you’ve experienced it and proven it out for yourself, it does seem a little out there!

 

But What If You Could Prove It To Yourself?

What if it were possible to run a simple experiment that is going to help you master the process, and prove to yourself that your efforts are paying off.

Wouldn’t that be awesome?

Well, I don’t tease 😉

There is indeed a way.

And it’s easier than you think.

Not only that, but once you have your own data to back up the model you’ll discover a number of additional benefits:

1. You’ll no longer need to waste energy and focus questioning if it works

You get to by-pass understanding the mechanics like a black-box component in a software design.

You can just take it as a given and use it is.

 

2. You’ll be much more confident in taking on new, bigger projects

If your thoughts create your outcome, you don’t need to worry about the ins and outs of the project. You can simply focus your attention on what you want to create, and let the details and “obstacles” take care of themselves.

It takes some practice and training to get to this level of confidence, but you just need to start small and then build up to the big fat hairy audacious goals!

 

4. You’ll become MAGNETIC to people

You will walk and talk with tonnes more confidence. This makes you much more attractive to the people around you.

Remember the saying “success breeds success”? You will definitely be able to ride the momentum of your new found strategy that works for anything!

 

5. You’ll be less fearful

Often, the thing that causes the most stress for go-getter is the fear of failure… in one form or another. If you know you can’t fail, and your focus is on your goal you will naturally experience much less stress and anxiety.

Plus, it’s actually a healthier way to live!

Once you’ve conducted your own experiments, you’ll no longer be trapped in an oscillation between hoping and doubting.

Some folks swing from one extreme to the other… willing themselves to believe it works, and then advocating that it’s silly and definitely doesn’t.

But not you.

Not now.

Because you’re going to put in a little effort now, for massive rewards you can keep reaping down the line.

 

The Proof Is In The Pudding

So how then do we go about testing this out and proving to ourselves that this is worth doing?

Well, we need to pick a variable and track a result that is relevant to our hypothesis… just like in any scientific experiment.

 

Conceive Believe and Achieve Picture Quote

 

So here’s what you do:

1. Make a list of a few simple outcomes you’d like to achieve

I suggest picking simple ones, which don’t require much time to create, just for the purpose of proving the concept. This way you can get through a number of experiments in less than 14 days, rather than waiting years and forgetting about it along the way.

 

2. Select the first outcome to work on

This could be something as simple as attracting a free cup of coffee, finding a parking space where you normally struggle, or having your bills reduced. Make sure also that you can track it. It’s no good setting an intention to have something happen and you not know whether it happened or not… So if you’re looking for a reduction in your household bills, you need to know what you’re paying right now. Makes sense, right?

 

3. Ok, then you need to note down the goal, the date and how long you’re going to run your experiment for

This way you know that the effect is a result of your intention and you can’t put it down to fluke. So for example you could say “I allow myself to attract a free cup of coffee by noon today”… or whatever seems like a good time frame, given that you may work from home, and not venture out into the world necessarily.

 

4. Next lay the intention by thinking the thought and visualising, or whatever technique you use

If you’re new to this you may want to refer to “How to Think to Get What You Want”.

 

5. Then you want to track your results

I like to set a reminder on my phone to check in with the goal. So when the time has passed you just notice whether the outcome happened, and then you mark down the result in your experimenters’ journal.

And then you move onto the next experiment. 😉

 

Here’s what you’ll likely find:

Not every single outcome will manifest within your time frame. You’re new to this, and you’re just getting used to the process and the experiment.

That’s ok.

Keep going, and see what happens.

You may find that something like 7 out of 10 goals are achieved… consistently.

If this is the case then this is awesome. Can you imagine 7 out of every 10 intentions you set coming into your reality, consistently? Most traders on the stock market would be very happy with that result. You just need to keep focussing on things that bring you more of what you want.

This is a brilliant process to go through, because it attunes you to what you want, rather than what you don’t want.

The reason most people fail with achieving their goals is simply because they don’t focus on having their chosen outcome… they focus on NOT having it. I.e. on worrying about it. This systematic approach keeps you working on what you want… which is a great shift to make.

And over time, you will build up enough evidence to know without any doubt that the most reliable way to get an outcome is to set and intention and focus your energy on the outcome you want. The more you practice, the more certain you will become, and consequently, the more successful you will get at this approach.

 

Your Experiment Can Begin Right Now!

So there you have it.

Believe me, it’s a skill worth mastering.

After all – it doesn’t just apply to finding parking spaces or being given cups of coffee.

Far from it…

I’ve used it to win competitions, land a book deal, find the perfect Porsche for my budget and style – with no effort or research. I’ve used it to build a six figure income from nothing, been given shares to a company just months before they’ve hit the big time, been given otherwise expensive advice for the price of a glass of wine, and created the most amazing experiences and relationships with awesome people around the world.

It all begins by believing that you are the creator of everything that happens in your world…

And then DARING to choose the good things! (ReTweet This)

The things you really want, rather than struggle and hard work.

And this begins not by taking my word for it – but testing this out for yourself in a series of experiments over the next 14 days.

You can get going right now…

 

Go ahead and write in the comments below, what your first experiment is going to be…

And as always, I’m here to help, and I read every comment and email.

To Your Inevitable Success!

Laura Leigh Clarke

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13 Comments

13 Comments

  1. Eric

    Mar 22, 2015 at 5:34 pm

    I am currently doing exactly what you are writing about. I am finally bringing forward an idea to reality after marinating on it for nearly 10-years. The biggest hurdle was expertise, but now the net allows collaboration with expertise in every field at low cost and ta da….my idea is emerging before my eyes. Watching a thought manifest into reality is almost indescribable! Great blog today!

  2. CrazyMonkey

    Feb 3, 2015 at 6:32 pm

    This is a great article. I have seen the steps laid out in the experiment many times in my previous readings. However, what I struggle with are two things:

    1) FEAR – I guess as humans, you can never get rid of fear. However, you can overcome it, but how?? I struggle with the general mentality of being fearless.

    2) Step #4 mentioned setting an intention. Is that enough? For exmple, for the longest time now, I have been wanted a brand new BMW M3. I am certainly making enough money to accomplish this dream. But, I can’t seem to convince myself that I deserve it. How to come over this?

  3. Tufail Cheema

    Jan 29, 2015 at 2:20 pm

    Very enlightening and thought provoking.
    I have just retired and now I am in my own business. I am going to apply it. Although it might not be easy but I will try to control because I am determined to do.

    Thanks a lot !

    Laura Clarke

  4. Imran Soudagar

    Jan 26, 2015 at 2:11 pm

    Thanks for the awesome article, the biggest problem most people face in their life is making decisions. I have seen people struggle with that and they get totally confused when there are more than 2 choices. It takes time to master this technique. But not impossible.

  5. Ganesh

    Jan 19, 2015 at 1:04 pm

    Trust me for a moment. I have a great story to inspire you all. Months ago during mid September 2014 I started reading a book ” think and grow rich”. In between somewhere 50th to 52nd page I was so excited about the thought of desire, emotions, faith, to achieve any goal, that I stopped reading where it was and concentrated on the wall mounted fan in front of me. Just to instantly test the theory in the book I wished with all my emotions and faith to turn the fan ON on its own. My time frame was 10 min but it didn’t work. I was bit depressed but was still hoping for a miracle to happen. For next half hour there was no sign. After that I felt asleep. To my greatest surprise in life around 5 am in morning I started feeling cold so searched for blanket around in my sleep and then I realized that the fan was on. This incident shocked me with ultimate faith in the book. This might seem to many of you a coincidence or a lie but the door of my room was locked in and I don’t have any past experience of getting up in my sleep.

  6. Tom Phillips

    Jan 15, 2015 at 11:41 am

    Hey Laura,

    Brilliant post! Really breaks it down and is very understandable.

    I had the same issue as Steve above, great comment also, with fear. Once you overcome your fear, break your goals down into easy to achieve chunks and start to focus solely on the feeling of already achieving that goal, things start to happen much quicker than you think!

    Keep up the good work 🙂

  7. Asino

    Jan 11, 2015 at 7:32 am

    So, I read this article yesterday and decided to try it out immediately. I’ve been having these backup phone chargers that I have been trying to sell for months. I would advertise them on Facebook and get 2 or 3 orders. Sales were going so slow that I forgot about them and left them laying around in my closet.

    Yesterday I decided that I want to sell all of them in the space 4 days. I then visualised myself being surrounded by people pushing their money into my face, wanting to buy the chargers. My next step was to advertise on that same Facebook page that gave me mediocre results in the past. The response it got exceeded all my expectations and lo and behold, all the chargers sold out that same day 😀

    I feel like I should be giving you a cut lol.
    Thank you for this great article.

  8. Zach

    Jan 7, 2015 at 10:01 pm

    Great great article. Here’s a quick little story for you…

    In 2003, I was mad down on my luck. Lost everything to a house fire, flunked out of college and had littler $.45 to my name. Moved in with my now inlaws and came home from a dead end job to my now wife watching Oprah. Everyone was talking about this book that changed their life called “The Secret”. I bought, and thought it was a bunch of crock, but told myself – literally – what else do I have to lose.

    I chose to set a goal of an extra $100 in the next 2 weeks. That same day – THAT SAME DAY – my father inlaw asked if I could sell his old tool bench and if I did, I could keep the money. Do you know what it sold for the next week?

    $100. My life has never been the same since. I have a goal in life to have more people understand that focusing on what you want is WAY better than what you don’t.

    Again – great great article!

  9. Daria

    Jan 7, 2015 at 6:12 pm

    This was just what I needed to read today! I retired from teaching Visual Arts in June 2013 with the intent of finding a second career. The first year I did a lot of substituting, which was fine, but not very fulfilling. It did allow me to adjust some what to my retirement and sort through 37 years of teaching materials. Last January, a friend of mine suggested, if I wasn’t happy where I was living and doing, why not considered moving elsewhere? That has been my thought and focus ever since on a daily basis. It’s now 6 months until my lease is up and the count down is on!
    My plan is to move to Lexington, Kentucky to work for the university is some capacity. I receive daily housing and employment updates online and the house I love is my screen saver. Next step is creating a resume and applying. I’m excited and can’t wait! I know that my positive thoughts and visualizing are key.
    Thank you for such a well written article. It was meant for me!
    Daria

  10. hashim ca

    Jan 7, 2015 at 5:32 pm

    nice, it feels like we all are special

  11. Shane

    Jan 7, 2015 at 1:08 am

    Good article to remember. Really, I need no convincing, as this is stuff I’ve seen already. Most recently, for quite a while I’ve actively wanted a new jacket for work but couldn’t quite justify it. Then the company Christmas party. They drew my name for the $300 heated jacket. I like the structured approach you’ve outlined. Will remember this.

  12. Steve Reed

    Jan 6, 2015 at 7:50 pm

    Great article Laura

    The old adage that ‘thoughts become things’ seems to be true indeed 🙂

    One thing I have really learned in recent years, hacving struggled with all the fears you mention, is that in the end, setting lofty goals for the long term is awesome, but breaking that down into much smaller goals is where the gold is. 14 days, like you said, is a good starting place. And from there, I tend to work out the daily actions that I need to put in place to reach that mini goal.

    Then, I work out a simple trigger action that will get me doing those daily things. As an example. I am an author, had some bestsellers on Amazon, but the idea of writing 30K words in a month is kinda scary, although not hard to achieve.

    My trigger action, is packing my laptop in the morning and going to the car. That’s it. If that happens, I open the gate, drive into town, buy a pot of tea at my fave coffeeshop, and come home a couple of hours later with 2000 extra words written. Always. I forget the goal, I just concentrate on the trigger action, and the rest takes care of itself.

    I’d recommend this to anyone who struggles to reach their goals, and combined with your awesome tips, making progress is not as hard as it may appear.

    Thanks for a cool article, I learned a lot

    -S

    • CrazyMonkey

      Feb 3, 2015 at 6:34 pm

      Great comment 🙂

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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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Success Advice

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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Success Advice

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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