How to stay safe in this 21st century especially in the coming years of
financial crisis? How to get out of debts, how to contain as much money in your
pocket, how to stay wealthy if you are aleady RICh and how to get financial
freedom? These are questions that can hardly be answered. Wanted the answer? We
found this for you.
Financial is one the complicated topic in the world. You do not to know it
and neither do I. We all run away from it. However, we did not know that having
ignore this financial issue is the major problem that flood us financial
crisis. The more we do not know about financial topic, the higher risk of stay
in big debts. What should we do then? Should we continue to ignore it?
No we should not. We should stay close to it and learn about it as much as
we can. Instead of against it by harsh mean, we should cooperate with it and
make use of it. Look! Those who know how to make use of it rahter become rich
and stay wealthy longer. This is one big mistake for each person in this
planet, especially this 21st century. Now we come to agree that learning about
financial issue is the only best choice to stay out of debt and increase money
in our pocket.
But our next question is how should we learn and who should we learn it. It
is simple. It is highly recommended to learning from successful people. Warren
Buffett, for example, is one of the successful business person in America and
the world. There are many lessons can be learned from his. Warren Buffett is
the only successful investor and his business tactics is hugely important for
all of us. What are his advice to stay away from debt?
In fact, Warren Buffett’s tips are so simple and very straightfoward. These
are some priceless advice Buffett ever made to resecure himself from financial
disaster.
1.
Borrow Wisely: Warren Buffett allows us to
borrow money to invest more in our business. However, simply borrowing is not
enough. We need to be very wise in borrowing. Do borrow only when we are sure
that we can return back. If not, forget it. Borrowing will rather destroy our
already worse business.
2. Pay Yourself First:
After earning and calculating of the costs, we need to pay ourself first. Save
some money in our saving account. Know how much to save is the best tactic. We
need to measure how much should be left for the next spending and how much
should we keep for longer investment.
3. Do not Underestimate Our
Money Habits: Most people do not know that they had produced such a habit in saving
and spending money. Most often people do not care about money until they are in
trouble. It is very recommendation to create a good habit of saving and
spending money. We must know when to spend and when to save. Fail to have good
money habit is the key to put people in big debts. How to change our habit when
we found out it was bad? First and very foremost is by changing our mindset.
When mind is changed, our action will change, then good habit will come
automatically.
4. Break the Paycheck to
Paycheck Cycle: Living under financial crisis is the worse of all. Of course,
it is hard to break its cycle. However, Warren Buffett did it already. He
succeeded it and return it into Paycheck Cycle. The task here in this point is
that one must commit to have a clear cut commitment that she or he will not let
financial crisis happen again. They have to give an end to this financial
crisis. The ability to end this game will give honor to ourselves and when we
encounter next trouble we will be able to manange it.
5. Invest in Long-Term: We
must have visionary eyes if we wish to live financial free live. Knowing the
future is very important because it can lead us to invest for it. The idea in
this point is that do less for the present time but very be careful for next 10
or 20 years outcome. When we can see that big picture, it will be very easy for
us to go for it. As such we have to be ready the future including challenges
and opportunity. Know this game will help us survive longer.
6.
Last of all Money is not Everything: Money
has two side-effects – help us living a rich life, on the other hand, it can
also sink us to the deep bottom of debts. Be wisely alerted about money. We
need to balance between money and life. Money can buy many thing but not
everything. Money can’t buy value; money can’t buy trustworthy, money can’t buy
morality, money can’t buy respect and money can’t buy honesty. All of these are
characteristic of successful business and life. To get this, money is useless
rather our warm heart can. Sometimes use our heart to win the business, not
always money.
>> Want to here directly from Warren, click here: https://www.youtube.com/embed/IvveZr0D_9Y
>> Want to here directly from Warren, click here: https://www.youtube.com/embed/IvveZr0D_9Y
