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10 Quotes From Warren Buffett That Will Teach You How To Be A Successful Person

10 Quotes From Warren Buffett That Will Teach You How To Be A Successful Person

Warren Buffet knows a lot about what it takes to be successful, and over the years he’s been gracious enough to disperse much of that knowledge to the world at large. Here are ten convincing quotes about being successful from one of the world’s richest men.

1. Know Your Stuff

Risk comes from not knowing what you’re doing.

If someone’s a world champion player, are they really gambling when they sit down at the poker table? Warren Buffett doesn’t think so. He knows that, even when chance is involved, over time skill will win out over luck.

2. Think Things Through

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

A lot of businessmen and businessmen make impulsive decisions that sometimes pay off big and sometimes cost everything. Warren Buffett takes a different route than most, believing that to not only be successful but maintain that success you have to consider your choices very carefully.

3. Tread Carefully In All Matters

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

You have to be wary in life as well as business. It’s a little scary to think about how easy it is to destroy your public image. Exercise extreme caution by weighing every action like a million dollar decision, because it might be.

4. If Things Are Bad, Don’t Make Them Worse

The most important thing to do if you find yourself in a hole is to stop digging.

When people are in a mess, they have unfortunate habits of making things messier when trying to clean things up. To be successful you need know when doing nothing is the best option.

5. Associate With The Right People

You can’t make a good deal with a bad person.

You can’t put faith in someone you can’t trust if you want to be successful in either business or life.

6. Don’t Be Too Trusting

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.

Even if you associate with the right people, they may still let you down someday. Know that all good things end, and be prepared for when the curtain falls.

7. Appreciate What Came Before

Someone is sitting in the shade today because someone planted a tree a long time ago.

If you’re successful, it’s at least in part because others paved the way for you to succeed. Be thankful of those who came before and contributed to your success.

8. Know When To Jump Ship

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Successful people don’t call a bet with a losing hand. They recognize when something’s sinking, and know they need to get on a new boat.

9. Habits Are Hard To Break

Chains of habit are too light to be felt until they are too heavy to be broken.

Make sure you cultivate good habits, because the longer you have them the less likely they’ll break.

10. Be Certain Of Your Success, Even When No One Else Is

I always knew I was going to be rich. I don’t think I ever doubted it for a minute.

You should always be convinced that you will succeed. It’ll take a little longer to convince everyone else, but if you continue to believe in yourself you’ll eventually have a very persuading argument.

Featured photo credit: BorsheimsJewelry via flickr.com

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Matt OKeefe

Matt is a marketer and writer who shares about lifestyle and productivity tips on Lifehack.

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Last Updated on May 7, 2021

Productivity Boost: How to start your day at 5:00 AM

Productivity Boost: How to start your day at 5:00 AM

I have been an early-riser for over a year now. Monday through Friday I wake up at 5:00 AM without hitting the snooze button even once. I never take naps and rarely feel tired throughout the day. The following is my advice on how to start your day (everyday) at 5:00 AM.The idea of waking up early and starting the day at or before the sunrise is the desire of many people. Many highly successful people attribute their success, at least in part, to rising early. Early-risers have more productive mornings, get more done, and report less stress on average than “late-risers.” However, for the unaccustomed, the task of waking up at 5:00 AM can seem extremely daunting. This article will present five tips about how to physically wake up at 5:00 AM and how to get yourself mentally ready to have a productive day.

Many people simply “can’t” get up early because they are stuck in a routine. Whether this is getting to bed unnecessarily late, snoozing repetitively, or waiting until the absolute last possible moment before getting out of bed, “sleeping in” can easily consume your entire morning. The following tips will let you break the “sleeping in” routine.

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Relocate your alarm clock.

Having an alarm clock too close to your bed is the number one reason people simply cannot get up in the morning. If your alarm clock is within arms reach of your bed, or if you can turn your alarm clock off without getting out of bed, you are creating an unnecessarily difficult situation for yourself. Before I became an early-riser, there were many times that I would turn off my alarm without even waking up enough to remember turning it off. I recommend moving your alarm clock far enough away from your bed that you have to get completely out of bed to turn it off. I keep my alarm clock in the bathroom. This may not be possible for all living arrangements, however, I use my cellphone as an alarm clock and putting it in the bathroom makes perfect sense. In order to turn off my alarm I have to get completely out of bed, and since going to the restroom and taking a shower are the first two things I do everyday, keeping the alarm clock in the bathroom streamlines the start of my morning.

Scrap the snooze.

The snooze feature on all modern alarm clocks serves absolutely no constructive purpose. Don’t even try the “it helps me slowly wake up” lie. I recommend buying an alarm that does not have a snooze button. If you can’t find an alarm without a snooze button, never read the instructions so you will never know how long your snooze button lasts. Not knowing whether it waits 10 minutes or 60 minutes should be enough of a deterrent to get you to stop using it.

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Change up your buzzer

If you use the same buzzer day in and day out, you begin to develop a tolerance to the sound. The alarm clock will slowly become less effective at waking you up over time. Most newer alarm clocks will let you set a different buzzer tone for the different days of the week. If you change your buzzer frequently, you will have an easier time waking up.

Make a puzzle

If you absolutely cannot wake up without repetitive snoozing, try making a puzzle for yourself. It doesn’t take rocket science to understand that the longer your alarm is going off, the more awake you will become. Try making your alarm very difficult to turn off by putting it under the sink, putting it under the bed, or better yet, by forcing yourself to complete a puzzle to turn it off. Try putting your alarm into a combination-locked box and make yourself put in the combination in order to turn off the alarm — it’s annoying, but extremely effective!

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Get into a routine

Getting up at 5:00 AM is much easier if you are doing it Monday through Friday rather than sporadically during the week. I recommend setting an alarm once that repeats everyday. Also, going to bed at about the same time every night is an important factor to having a productive morning. Learn how much sleep you need to get in order to not feel exhausted the following day. Some people can get by on 4-6 hours while most need 7-8.

Have a reason

Make sure you have a specific reason to get up in the morning. Getting up at 5:00 AM just for the heck of it is a lot more difficult than if you are getting up early to plan your day, pay bills, go for a jog, get an early start on work, etc. I recommend finding something you want to do for yourself in the morning. It will be a lot easier to get up if you are guaranteed to do something fun for yourself — compare this to going on vacation. You probably have no problem waking up very early on vacation or during holidays. My goal every morning is to bring that excitement to the day by doing something fun for myself.

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As I previously mentioned, I have been using these tips for a very long time. Joining the world of early-risers has been a great decision. I feel less stressed, I get more done, and I feel happier than I did when I was a late-riser. If you follow these tips you can become an early-riser, too. Do you have any tips that I didn’t mention? What works best for you? Let us know in the comments.

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