How to Think Like Warren Buffet

Lessons From A Billionairesuccessful athlete has a great coach.
You and I have several rare opportunities todayPattern your life around those who you admire
to get inside the minds of the richest people onmost. People you would call a hero. Read their
the planet. There are some amazing lessons thatbooks. Do whatever it takes to get into their
we can learn from them. I want to share a shortminds. Do it consistently.
lesson that I learned from billionaire investor,You might be asking, "Well, do I really need to
Warren Buffet.make them my hero?" I would say, ''Yes!" If the
Before we dig into Buffet's amazing secrets forperson that you choose as a mentor is not
wealth, I want to ask you a question.someone that you can look up to, respect and
What are you doing on a daily basis to getwant to pattern yourself after, then they
yourself closer to your goals and dreams? Whatprobably don't qualify as a mentor. You need to
are you reading? Who are you listening to? Arebe inspired by who they, what they've done and
you taking action? Are you monitoring andhow you can learn from all the clues that they've
assessing how well your actions are producing theleft.
success that you desire?Choose your heroes wisely.
One of my mentors for the past 20 plus years2. Follow Your Passion - I've never seen anyone
has been the great Jim Rohn. Mr. Rohn says thatget so amazingly excited about picking stocks and
its not what you do once in your life that makesmaking calculated and profitable investments as
the big differences. It is what you do on a dailyWarren Buffet.
basis. The difference between success and failure,If the work that you do every day, doesn't
for most people, is about 5-7 things you either doinspire you, then you need to make a plan to get
or don't do each day.into the job or career that does inspire you. I've
This morning, I picked up my laptop and wentfound that until you can turn your passion into
straight to I spent my waking moments listeningprofit, then, you'll never realize your true potential.
to the two richest men in the U.S. (possibly theSome great questions that changed my life are,
two richest in the world). I did a quick search for"What would you do if money was not an object
Bill Gates and Warren Buffet and spent over anin your life?" The next, "What would do if you
hour listening to these men.knew that you could not fail?" These questions
Fifteen years ago, I was reading a book called,changed my life. When you are able to answer
''The Road Ahead" by Bill Gates. A friend of minethem honestly, then you will know what your
asked me, ''Michael, why are you reading THATdeepest passion is.
book?" I told him, ''If the richest man in the world3. Invest In Yourself - This one blew me away.
writes a book telling me what the future is goingThink about it. Likely the most successful investor
to be like, I think I need to read it." To me, thatin history advising you to invest in yourself. When
was a no brainer.you stop and consider that the greatest rewards
This is why I get up in the morning and fill myin life are fulfillment, happiness and a sense of
mind with thoughts from billionaires. To me, if Iaccomplishment, then you realize how important
want my life to be any better, if I want to makethis step truly is.
more money and be more successful, doing this isHow do you invest in yourself? Well, you can do it
essential.with formal education. You can do it by choosing
Of all of the times that I'd listened to Warrena job, career or company that you can learn
Buffet, I never heard him give a three pointfrom and which will help you achieve your goals.
message on success and amassing wealth. ThisI believe that the greatest way to invest in
morning was the exception. This is what I learned.yourself is to 'put your money where you mind is.'
Mr. Buffet gave these three keys to his ownYour mind will reap you the greatest returns
success. Take them to head and to heart.imaginable. And the best way to act on this is
Memorize them. Then, do them.through self education.
1. Have The Right Heroes - I would add, chooseRead the right books. Invest in yourself by getting
great mentors for your life. As I mentionedthe audio programs, instructional and teaching
above, Jim Rohn has been a mentor of mine forprograms that will add value to your knowledge,
over two decades. Now, I've only met this heroskills and talents.
of mine on a very few occasions. He doesn't callWhatever you want to do in your life, you will
me nor do I call him.very likely find that someone has forged the way
However, it doesn't require personal one on oneand left clues. Seek out those clues and then
coaching for someone to be your mentor.follow up and follow through.
Mentors that you will want to pattern your lifeI'm honored to be able to share these amazing
after and learn from, generally, are authors. Thereclues that Warren Buffet has left for you and me.
is something inherent in doing great things. YouI'm also quite honored to know them. As I said
want to leave clues for others to follow.earlier, take them to heart and head and make a
Every great student has a great teacher. Everyhuge leap closer to the life of your destiny.