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Warren Buffett’s Best Money Advice

Warren Buffett

"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."

Warren Buffett

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SIMILAR ARTICLES & IDEAS:

Why We Fail To Finish Projects

There are many reasons why we begin projects but never finish them, and many of them actually have nothing to do with laziness, a lack of dedication, or an inability to follow through on something....

Getting Started Is Not The Hardest Part

The first part is never the hardest part: the middle is way harder than the beginning.

We almost always talk about the start (of a project, a habit, a diet etc.) and ignore the finish. We have popular phrases like, “Well begun is half-done,” or “The hardest part of any journey is the first step,” but that’s not even a little true.

Stop Thinking Of Goals As All-Or- Nothing

A lot of people set goals that are too big. And most people judge their goals as an all-or-nothing process.

So start by setting a realistic goal that you know how to reach. If and after you achieve it, nothing’s stopping you from taking it to the next level, with all the extra confidence boost that comes with completing something.

Precrastination
Precrastination

Precrastination is described as rushing to complete a subgoal so you can tick it off your to-do list at the expense of extra effort. As a result, you will need more effort later to complete...

How to avoid ‘precrastination’
  • Ask yourself if a task can benefit from added time. Those that require creativity, thoughtfulness, or emotion will need a slower response.
  • Identify the tasks you can rush through.
  • Keep a calendar and to-do list. Externalizing what's cluttering your mind will leave you with energy to channel elsewhere.
A good workout
A good workout

Suffering is not always part of exercise. Sweating, breathing hard, and being exhausted afterward are not measures of effectiveness or progress.

Hard workouts should be mixed with ...

Fatigue sells

We should differentiate between what looks appealing and what is actually useful.

Ads for workout clothes seem to show people drenched in sweat. While hard training classes may be good for people to get fitter and stronger, it may feel intimidating to newcomers and is not always ideal.

Keep your eye on your goals

It's okay if you love pushing yourself and find muscle soreness to be a pleasant reminder of your workout plan. But one day, you will not feel sore or fatigued.

It is more effective to have a goal in mind that you aim towards than to focus on your experiences.