LESSONS FROM THE WORLDS TOP BILLIONAIRES.
“Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough” ― Oprah Winfrey
When Warren Buffet and Charlie Munger, TOP billionaires + Investors in the world have something to say, you (we) listen.
I came across these lessons that were shared after an event where both of these men were speaking...and the overall theme of contentment arose. The contentment with life, and how through these lessons they have achieved more in life than money (we all know the story of Warren Buffet who lives a VERY modest life for a BILLIONAIRE). He has found true JOY in life, the simple things and simple being.
See what resonates with you - I think these are SOLID life lessons here we could all apply to our lives daily.
Lessons in Contentment from Warren & Charlie The key lessons:
“Find what turns you on.” Warren said this in response to a question about what advice he’d give to his younger self 50 years ago. He wasn’t talking about sex, but about what you do for a living. And while we’ve all heard “Do what you love”, it’s telling that this is the one thing he’d tell his younger self — it’s that important to happiness. If you do what turns you on, you will be much further along the road to contentment.
Don’t worry about what everyone else is doing. Charlie, who is impressively intelligent, said one of the big advantages that Berkshire Hathaway has had is that Warren & Charlie don’t need to worry about what everyone else is doing (in the investment world). Too many people get caught up in watching everyone else, and letting that influence them, that they lose their inner compass. Instead, figure out the guiding principles that matter the most to you, and let go of the need to check on what everyone else is doing, and the need to compare what you’re doing with everyone else.
Know your strengths. These two guys are very aware of their limitations — they almost never invest in tech companies, for example, because they don’t understand it well — and instead of feeling the need to go into their weak areas, they stay with their strong areas. They know what they’re strong at, and focus on that. Letting go of the need to do everything, and being happy with focusing on less, is an important contentment lesson.
Fewer and higher quality. Warren & Charlie have a “fewer is better” investment philosophy, where they aren’t nearly as active as your usual Wall Street investor … but they focus on a handful of really strong investments. Warren suggests that investors imagine they have a punchcard with 20 punch holes … once you make 20 investments in your lifestime, your punchcard is used up. If you did this, you’d really make them count. You don’t need more — instead, be more discerning, and happy with less.
Know what you like and forget the rest. Warren Buffet, one of the world’s wealthiest men, has a nice but modest house and a surprisingly modest Cadillac (that he drives himself), and eats at his favorite (but pretty ordinary) restaurants … he can afford much more extravagance, but forgoes it because he knows the simple things he likes in life. He could have much, much more, but knows that he doesn’t need it. How many of us do that? Just enjoy the things we like, and not worry about what else we could be enjoying, or what everyone else is enjoying.
YES, I do believe that we should be striving for our BEST and go out there and live our wickedly, amazing, crazy dreams. But in the meantime, and to embrace the moment we must be content with what we have. Like Oprah said, if we don't, we will NEVER have enough even when we do become millionaires or billionaires.
Appreciate today, what you have, and the simple gestures of smiling at strangers.
Have an amazing + gorgeous start to your week