Warren Buffet is the second richest person in the world after Bill Gates the owner of microsoft. Buffet is known as oracle of Omaha. He is an ace investor and chairman of Berkshire Hathaway. He started investing at the age of 11.
The first rule he follow is of saving. Saving as much as you can make you a billionaire. Buffet was born in a middle class family. He begun to sale newspaper at the age of 11 and started saving and investing from then. He quoted that “if you buy things which you don’t need more often then one day you have to sale the things which you most need”. According to him saving is the ultimate strategy and first rule of gaining your financial freedom.
Take as an example that if you save and invest 4 thousand per month then in 35 years it becomes 35 crores. How amazing it is! And if you save and invest the same 4 thousand per month for 77 years then guess how much money you will gather? Don’t be shocked that you will have 2 lakh crores! Peace. Don’t be discouraged by the years you have to put in but in reality you can get insane rich much quicker. You have to study, learn and develop your investment strategy to earn quickly.
Buffet says that don’t run for the shiny objects. Because everything that glitters ia not gold. Treat others as you expect from others to treat you at the same manner. He again advice us to live life by thinking that whatever you do today will come at the front paper of tommorow. Keep good contact with everyone because you never know when someone will become useful and powerful. Be truthful and run your business with integrity.
For investing purpose he follow this rule strictly. Sale when the price of the share is increasing very much and everyone buying. And buy when the price of the share is going down and everyone is selling. This is a simple and most important strategy. But not easy to execute because it is very hard to buy when everyone is selling and in panic. But you have to be disciplined in order to learn and success investing.