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The following is the 10 timeless career tips From Warren Buffett’s famous words recommended by recordtrend.com. And this article belongs to the classification: Industry information.
The new year is coming. In the face of the uncertain future, do you think you need some suggestions like “dinghaishen needle” to lay a good foundation for future development?
Warren Buffett, as an investment legend, every time he speaks, the world listens quietly.
In this paper, the author selects 10 famous sayings of Warren Buffett as suggestions. These suggestions not only can be used to guide you to make investment decisions, but also can be applied in other fields.
Warren Buffet is one of the most successful investors and businessmen in the world.
His net assets exceed 80 billion US dollars, ranking absolutely in the forefront of the world.
He spent most of his time in charity and served as a consultant to those who were willing to learn.
While studying how to invest, what to do and how to realize the whole idea, I came across his lectures, courses and suggestions.
You will find many articles on his investment ideas, wisdom and philosophy on the Internet. If you are not interested in investing or becoming a shareholder in a company, you are still likely to miss out on some good suggestions.
But if you read his ideas carefully, you will find that his suggestions are not only valuable for those who want to become entrepreneurs and financing enthusiasts.
His experience is correct on many different occasions, even if only a few terms are exchanged.
Now, let’s take a look at his most valuable experience.
First understand, then act
The first may be obvious.
Warren Buffett put it more accurately:
Never invest in a business that you don’t understand. ——Warren Buffett
We can say “invest in an idea” rather than “invest in a business.”.
Never invest in ideas you don’t understand.
You can often see people who want to be artists, musicians or other creative ways. One of their first impressions is that in order to succeed, they need to pay for the best equipment.
People who like painting will soon think that to be a good artist, he needs to spend thousands of dollars on the latest graphics tablet with integrated screen.
Similarly, a new guitarist will spend a lot of money on expensive music equipment that stars speak for.
This is not right.
You don’t need fancy equipment.
A good musician can even play the worst guitar beautifully.
A great artist can surprise you with an old ballpoint pen and a scrap of paper.
First of all, don’t put your hard-earned money into such an effort. Make sure you are determined to meet the challenge and can stick to it.
You can think about spending some spare money on courses and training instead of expensive equipment.
Gears may be damaged at some point, but the lessons you learn will always be with you.
This leads to Warren Buffett’s next and most frequently cited suggestion——
Invest in yourself
Warren Buffett himself has said many times that this is the best advice he can give others.
The most important investment you can make is to invest in yourself. ——Warren Buffett
You are your biggest asset.
Any investment that can help you improve your skills and learn new things is worth investing in.
You can always monetize your knowledge – whether you are learning programming through intensive training courses or learning a second language, you are now proficient enough to be a freelance translator.
By investing in your own skills rather than buying new tools, you will become a more valuable asset for a long time to come.
There is a famous saying: it is better to teach people to fish than to teach them to fish.
By focusing on improving your skills and taking a little time every day to learn something new, you can open up new business opportunities, enter new markets and discover new possibilities for yourself.
3. Focus on one thing
Some of us may be good at doing several things at once.
However, when you choose a career or thing you want to pursue seriously, you should not transfer your energy to other places.
In the field of investment, many people are often advised to “diversify” their assets, as the old saying goes:
“Don’t put all your eggs in one basket.”
For Warren Buffet, the suggestion was futile. He replied:
Diversification is the protection of ignorance. If you know what you’re doing, there’s no need to diversify. ——Warren Buffett
If you do one thing well, you don’t need any back-up plans.
They only drain your energy, which you could have invested better in what you’re doing.
For people like me, it means focusing on one thing and sticking to it.
What I sometimes lack is the effort and self-discipline necessary to do something.
I didn’t get the results I expected right away, so my motivation went down and I put in less and less until I gave it up completely.
Success doesn’t come overnight. If we want to succeed, we have to make a lot of efforts.
If you don’t make immediate progress, don’t lose heart.
If we continue to persist, we will see results sooner or later.
Don’t be distracted by other things.
If you are too distracted from your main goal, you will waste time, or even take longer to achieve it, which may make you more discouraged.
4. The meaning of price and value is different
It’s often difficult for us to find the right price.
But Warren Buffett believes that we should not give priority to price at all.
Instead, we should focus on the value we get from it.
Price is the price you pay. Value is what you pay for. ——Warren Buffett
In fact, this sentence is applicable to all over the world, not only in the field of investment.
Not only the price tag, but also the value behind it.
Because the two are not always the same.
You can find two marketing courses on udemy. The price of a two-hour course is $40, and the price of a course of about the same time is $250.
According to the price tag, a $40 course is much cheaper. What about the quality?
You’re likely to learn something that’s out of date, or something that you could have spent an hour on Google learning by yourself.
At the same time, more expensive courses may cost you a lot of money now, but the knowledge and skills they share can make you ten times as much in the future.
Ignoring the price (whether it’s cheap or expensive) and just trying to estimate the real value you get from the payment is the basis of the most important decision.
This “law” also applies when you are a freelancer.
You may think that setting a cheaper price for your work will have more benefits. For example, there will be more customers willing to pay, so there will be more revenue overall.
But you probably underestimate your true value.
You may have made some money by doing a good job, but have you really made the money you deserve?
If the quality of what you offer is good enough, higher prices don’t necessarily shut consumers out.
Some people may decide not to adopt you because you are “too cheap.”.
Although asking more than your competitors seems counterintuitive, you’ll find it worth it.
5. Don’t neglect quality in order to save money
The following advice is part of Warren Buffet’s personal investment strategy, but it doesn’t just apply to acquisitions.
It’s much better to buy a reasonable company at a reasonable price than to buy a reasonable company at a reasonable price. ——Warren Buffett
This one is similar in concept to the previous one on price and value.
Your first reaction may be to choose a cheaper option.
But cheap doesn’t always mean better.
When my coffee machine broke down (a cheap $10 coffee machine in the store), we went to buy a new one.
I fell in love with a coffee machine in Nescaf é, but its price was more than $50, so we decided to replace it with a $10 coffee machine, thinking that coffee is coffee, and we can use our money in a better place.
In about three years, this cheap coffee machine broke down. According to our idea, we exchanged $15 for another cheap coffee machine, and it went through several cycles.
In the end, we spent more than $100 to buy a coffee machine, and then we had to replace it with a new one in a few months on average.
Finally, we chose an expensive coffee, which not only has good quality, but also tastes better subjectively.
If we had understood the difference between price and value, we could have saved some money.
Therefore, in the face of a cheap offer, we must polish our eyes.
You may be familiar with telemarketing and the incredible offers they offer you.
This amazing mattress costs 250 dollars, but we love you, so you can buy it for 180 dollars now!
This is a common marketing trick.
The mattress wasn’t worth $250 from the start, and the company certainly wouldn’t spend that much money making or importing it.
But they give you an impulse to buy.
So, don’t be fooled by discounts, value packages and so on.
Don’t buy a mediocre “company” just because they offer you a good price.
See what’s behind it. Then make your judgment.
6. Learn to say “no”
It’s also a lesson you learn from people who want to help you become a better entrepreneur, freelancer or employee.
Especially when we first started working, we wanted to please the upper class. We tend to agree to whatever help others may ask of us. Our workload is beyond our ability. As a result, we are under more and more pressure, but we don’t get the gratitude or recognition we expect.
The difference between successful people and truly successful people is that truly successful people say no to almost everything. You have to control your time. You can’t let others set your life schedule. ——Warren Buffett
The most difficult thing – especially when you try to become your own boss through freelancing and Entrepreneurship – is to stick to your position.
You need clients, so objectively, you will accept most of the job offers you get, no matter how ridiculous they are.
If we say “yes” too often, we won’t get the recognition we expect. Sooner or later, someone will abuse that fact.
The price we pay is unpaid overtime, more work than we get paid, solving problems for others for free. Our personal morale and private lives will be greatly affected, and we will be further and further away from the success of our dreams.
Learn to say no.
Some people may think you are unreliable or selfish. But in any case, these people are not good partners for your career.
Your ability to refuse may even be attractive to others. You know what you’re worth, and you stick to your position. People will accept the fact that they have to pay for your services.
In every office, there is a guy who does everything for everyone.
He came early and left late.
Don’t be like that.
Believe me, he’ll be unhappy when he comes home.
7. Don’t blindly trust others, especially those who want to help you
Almost everyone has ulterior motives.
If you are as naive as I am, you will often fall in love with people who look like saints, and they just force their agenda on us.
Wall Street is the only place where people in Rolls Royce turn to subway people for advice. ——Warren Buffett
Unfortunately, this does not just apply to Wall Street.
We may not drive a Rolls Royce, but you’ll see a lot of “successful people” sitting in the subway selling their secrets to you.
Now all over the place are those big swindlers who cheat you with the success of learning chicken soup.
Who doesn’t want to earn money every day?
But if you believe those who have successfully learned chicken soup, Congratulations, you have been successfully charged IQ tax by them.
My article may not be very different in a sense. But I really hope it gives you new insights.
Be careful of the people you trust and the advice you take.
Try to see what they do and how they do it.
If they preach the same thing over and over again, they may be eager to take money out of your pocket.
It’s very likely that you help them more than they help you.
8. Invest in things that are consistent with your own values
Warren Buffet mainly buys shares in companies he likes, and he agrees with the ideas of these companies. He said:
Why not invest your assets in the company you really like? As Mae West once said, good things can be wonderful. ——Warren Buffett
It’s great to make money with something.
But if you don’t devote yourself to it, you’ll soon lose your initial passion.
If you want to be a writer, don’t ignore the topics you really like and just cater to the market.
If you don’t like the idea, don’t let the hero in your novel die miserably, because a recent reader survey shows that most readers like the hero to die.
Don’t rewrite a sentence just because someone tells you they don’t like it.
Whatever you do, you should put yourself and your own satisfaction first.
If you feel trapped in a job you hate, don’t waste time complaining. Don’t think there is no way out. There is always a way out.
Although it’s not easy to find a way out, if you focus, you can make a change – remember, find something you love to do.
If we like to do something, it’s ten times easier.
It means that I don’t think it’s suitable for those who write freely. For content writing, that means I won’t write something I don’t really care about, and I won’t make money just for the click through.
I won’t write anything like “how did I make $5000 in 24 hours?” because it doesn’t feel right.
Some people may really make a lot of money. But for 95% of people, I strongly doubt it.
Don’t sell your soul to earn extra money. Remember to buy only the companies you like.
Don’t stay too long in the past failures
You may have lost a client because you asked for “too much money” (in their opinion), or an article you wrote disappeared in the depths of the Internet and didn’t get any attention.
Or you do something you regret afterwards.
But you know, even Warren Buffet has failed.
In business, what you see in the rearview mirror is always clearer than what you see on the windshield. ——Warren Buffett
We all know the saying “be wise after the event”.
It’s easy to spot mistakes afterwards.
It’s just as easy to dwell too much on past failures.
It’s one thing to learn from mistakes. It’s normal. It’s the main motivation for us to try to do better next time.
However, if we dwell too much on past failures, we may subconsciously face more failures in the future.
Instead of spending your time in the wrong place, check it as bad luck, and then try to improve your program and try again.
It’s the same as Warren Buffett’s mirror metaphor: if you drive too fast and miss a good opportunity, you may finally see that the opportunity is getting smaller and smaller in the mirror.
But if you look back too long, you may miss the second chance.
So don’t look back too long.
Don’t put success and money above everything
To be honest, it seems easy for a person with more than $80 billion in assets to say that, but it is still true.
For Warren Buffett, money itself is not a real sign of success:
If you reach my age, no one likes you. I don’t care how many bank accounts you have. Your life is a disaster. Among the billionaires I know, money only shows them the basic qualities. If they were assholes before they had money, they are now $1 billion assholes. ——Warren Buffett
There’s nothing wrong with dreaming of becoming a millionaire or a billionaire. We are all fighting for success.
The worse your financial situation is, the more excited you are when you imagine huge wealth.
The most important thing here is to keep your mind in the right place. Don’t sell yourself to make money.
You must know that “money can’t buy happiness”, but you are often refuted
“I’d rather cry in a Lamborghini than on a rusty bike.”
I don’t care where you cry.
The bottom line is, you cry.
There’s a big problem with your life.
All the money in the world is not enough to solve this problem.
Emotionally, I agree with the proposal. I’m surprised at all the millionaires and billionaires. But only those who show human dignity and admirable character, I will respect them.
Warren Buffet is one of them.
Elon Musk is another example of trying to achieve a good goal.
On the other hand, I despise Jeff Bezos, because all the negative headlines are related to Amazon, including the bad treatment suffered by the employees of this company.
I wish you all the best, but please be a decent person.
Write at the end
Warren Buffett is one of the most successful people in the world. However, he is decent, has a great personality and is impressive.
The advice he shared, though aimed at those who want to be investors like him, applies to many aspects of our lives.
I’m very happy to listen to him.
For me, these reminders have helped my work as a freelance writer and my life as a consumer who often hears the wrong words and saves money in the wrong places.
I hope you can also find something worth thinking about.
By Kevin buddaeus
原题 | 10 Timeless Pieces Of Advice From Warren Buffett To Boost Your Career
Source: Pete Souza / public domain
Translator: Xi Tang
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