Excellent Rules And Tips By Mr. Warren Buffett

​At first they will ask why you're doing it. Later they'll ask how you did it.

How well did you know Mr. Warren Buffett? Who is he?

Mr. Warren Buffett also is known as the "Oracle of Omaha," a nickname given to him because of his investment picks, comments on the market, and he lives and works in Omaha, Nebraska. He is one of the most successful investors of all time. He is also a Philanthropist.  According to Forbes.com, Mr. Buffett's Net Worth is $73.9 B (as of 7/22/17).

So you're wondering how Mr. Buffett achieved financial success. Almost every successful person begins with two beliefs: the future can be better than the present, and I have the power to make it so. Below are the excellent rules and tips from Mr. Warren Buffet on how to achieve financial success.

Rules to Riches

Reinvest Your Profits

Don't be tempted to spend your profits, reinvest the profits instead.

Be Willing To Be Different

Don't base your decisions upon what everyone is saying or doing.

Never Suck Your Thumb

Gather in advance any information you need to make a decision.

Spell Out The Deal Before You Start

You bargaining leverage is always greatest before you begin when you have something to offer.

Watch Small Expenses

Benjamin Franklin once said that "Beware of little expenses, a small leak will sink a great ship." Be obsess over the tiniest costs.

Limit What You Borrow

Living on credit cards and loans won't make you rich.

Be Persistent

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

Know When To Quit

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

Assess The Risk

Asking "and then what?" can help you see all of the possible consequences when making a decision.

Know What Success Really Means

​Measure success by how many of the people you want to have love you, actually do love you.

Excellent Tips

On Earning

Never depend on a single income. Make investment to create a second source.

On Spending

If you buy things you do not need, soon you will have to sell things you need.

On Savings

Do not save what is left after spending, but spend what is left after saving.

INCOME - SAVINGS = EXPENSES

On Taking Risk

Never test the depth of the river with both feet.

On Investment

Do not put all eggs in one basket. Learn to diversify.

On Expectations

​Honesty is very expensive gift. Do not expect it from cheap people.

If you don't find a way to make money while you sleep, you will work until you die.
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- Warren Buffet​