Sunday, January 1, 2012

Warren Buffett's 10 Ways to Get Rich

1. Reinvest Your Profits- Use proceeds to buy stocks or start a business
2. Be Willing To Be Different- Look for undervalued investments
3. Never Suck Your Thumb [unnecessary sitting or thinking]- Swiftly make up your mind and act on it
4. Spell Out The Deal Before You Start- Always nail down the specifics of a deal in advance
5. Watch Small Expenses
6. Limit What You Borrow- Negotiate with creditors to pay what you can
7. Be Persistent- Merciless negotiator and unwavering courage
8. Know When To Quit- Know when to walk away from a loss
9. Assess The Risk- Imagine the worst-and-best-case scenarios
10. Know What Success Really Means- "...you'll measure your success in life by how many of the people you want to have love you actually do love you..."


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