Aditya Kothadiya's Blog

I stumbled upon a great article on “Warren Buffet’s money-making secrets – and how they could work for you”. It’s a very insightful article for all of us especially in this kind of struggling economy.

Here are some of the tips that I liked the most -

When you first make money, you may be tempted to spend it. Don’t. Instead, reinvest the profits.

The average is just that – what everybody else is doing. To be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world’s.

Always nail down the specifics of a deal in advance – even with your friends and relatives.

Exercising vigilance over every expense can make your profits – and your paycheck – go much further.

With tenacity and ingenuity, you can win against a more established competitor.

Know when to walk away from a loss, and don’t let anxiety fool you into trying again.

Asking yourself “and then what?” can help you see all of the possible consequences when you’re struggling to make a decision – and can guide you to the smartest choice.

And the most important one -

You’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.

Here is the original article – “Warren Buffett’s 10 Ways To Get Rich”. Read on – it’s very insightful.

Have a Happy Thanksgiving everyone!