Success Advice
Multi-Billionaire Warren Buffet’s 5 Tips To Live By

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
Success Advice
Success Is Never Owned and Rent Is Due Everyday

I coached the basketball team at the University of St. Francis for 34 years. In December of 1987 we went to the west coast to play the University of San Francisco. We were a small, liberal arts university in Joliet, Illinois. I would guess the players on that San Francisco team had never heard of us. (more…)
Success Advice
5 Smart Goals to Make This Year Your Most Successful Ever

Setting goals at the start of the year means you will know exactly what you need to do throughout the year to be successful. By setting goals, it forces you to build a plan about how you intend to achieve those goals. By having a plan in place, you will wake up every morning with a clear idea of what it is you need to do each day. Just by writing down your goals, there is a 42% greater chance you will achieve those goals than if they just stayed in your head. It may seem like a small thing but actually creating goals every year and then writing them down significantly improves your chances of success. (more…)
Success Advice
7 Ways to Face Adversity Using the Power of Extreme Ownership

Adversity is an inevitable part of our lives, and it is an important and defining factor of our personal story. The stories we build for ourselves in the face of adversity will either empower or discourage us emotionally, help us move forward or remain stuck in the past, allow us to grow or to decline. (more…)
Success Advice
Why Your Confidence Needs to Match Your Competence

Even if you produce amazing results at your job or in other areas of your life, others may still not see you as being competent if you lack the confidence to back it up. If you are good at your job, exuding confidence will ensure others also recognize your competence in your area of expertise. And research backs this up. (more…)
- Success Advice4 weeks ago
5 Powerful Reasons Why You Should Write Down Your Goals
- Life3 weeks ago
3 of the Most Important Life Lessons You Can Learn From Sports
- Life4 weeks ago
How to Discover the Fears That Impede Your Behaviors and Thwart Your Plans
- Life4 weeks ago
How to Crush Fear, Beat Imposter Syndrome, and Create a Fulfilled Life
- Motivation3 weeks ago
How to Use the 3 Sins of Motivation to Achieve Your Goals
- Entrepreneurs3 weeks ago
Entrepreneurs: Here’s the Best Method to Help You Get Your Money Right
- Success Advice3 weeks ago
How Can I Stay Organized When I Have Too Much on My Plate? Here’s How:
- Life3 weeks ago
10 Remarkable Lessons From an Unconventional School Teacher
Rajneesh seth
Oct 24, 2014 at 2:35 pm
Do what u love with passion & then find the first step of success that will be SKY.
Darek
Mar 30, 2013 at 6:10 pm
You can add this tip as well which is given by Mr. Buffet:
ON INVESTMENT: Don’t put all eggs in one basket.
Nan Mehta
Jan 9, 2013 at 8:28 pm
As usual – great, practical advice!
Don Ross
Dec 28, 2012 at 2:05 am
sound advice,never to late to learn,good to have ambition hope and be human. I like people who do well in life,and help other people who are less fortunate in there’s, save invest save save invest.
Pauline
Dec 17, 2012 at 2:23 pm
I love the life tips, so simple and yet so true, thanks for sharing!
Justin Germino
Jul 18, 2012 at 8:27 pm
Great words of wisdom and if only more of us would spend only what’s left after saving, there would be much less debt and a much better economy.
Binh Luu
Jul 1, 2012 at 5:08 pm
Wonderful article. Thanks for give us the wisdom. And “finding it” is really harderst part! 😀
Gcinumusa Emmanuel Mamba
Jun 6, 2012 at 10:41 pm
The 5 steps are powerful and can be used by anyone. Just because you not rich does not mean you can not save and be rich yourself. It all starts with the little you do and save.
WE ALL HAVE THE POWER TO DO GREAT!!!
Kevin Martin
Apr 12, 2012 at 1:37 pm
I guess the bit about spending at the beginning of the article really meant something to me because I just don’t understand how some people could spend money so ridiculously. Some people (or idiots) like to go shopping for fun. What kind of loser shops because it’s his or her hobby, seriously?!
D Arlando Fortune
Mar 29, 2012 at 7:22 am
Isn’t it easy to like a guy who can pretty much buy the one of the smaller states on the Northease coast yet settles for a plain ‘ol cheeseburger. Simple truths for a complex world: “Don’t settle for anything less than your passion”. From the amount of content on this site. You have found one of your passions.
E.J.
Mar 25, 2012 at 11:46 pm
Very good advice…specially when it comes to do what you love
inception1010
Mar 25, 2012 at 10:08 pm
luv dis site,its cool
Andrew Venettis
Mar 25, 2012 at 2:16 am
Great post. I especially like “Do what you love”