It’s never too early to learn about money – the legendary investor Warren Buffet once said. Which is why he has been teaching his kids about money since they were young.
Mr. Buffett has been one of the ten richest individuals around the world. His brilliant perspectives are absolutely amazing and helpful especially for those who’s working hard on earning more money.
Today I want to share three mind-blowing perspectives that Warren Buffett taught his kids.
It’s the hidden truth that rich people rarely talk about.
Three things that rich people will never be generous with.
“Time is the friend of the wonder company, the enemy of the mediocre.” – Warren Buffett
Rich people will never be generous with their time. Because they will spend the time they saved on things that are more valuable, more meaningful, and bringing them more wealth or abundance in life.
Rich people understand the value of time. It’s an important asset that’s more valuable than money. Because once it’s gone, it’ll never be back. No matter how hard-working are you willing to be.
That’s why you’ll see it’s the people who wastes time become poorer, and those who make the best use of time become richer.
When you know how to boost the value per unit of your time, wealth becomes inevitable in your reality.
There’s a reason why the wealthier people get, the less social they become.
One of the worst habits poor people have is the desire to save face. They join almost all sorts of social events to meet as many people as possible.
Putting too much attention on meaningless socialization only will drain your brain.
It provides no happiness, no sense of progress. It’s simply a waste of time.
On the contrary, rich people has zero interests into socializing because they’re so focusing on the things and people that truly matter to them.
When you focus on what truly matter to you, you progress faster, you get more results. Which forms a virtuous cycle that keeps moving you forward.
“Buying $1 bills for 40 cents” Buffet told his kids. “Price is what you pay, value is what you get.”
Money is not just something you spend to buy things.
Money is something that you utilize to generate more value.
Therefore differentiate needs from want to make wiser decision about how you use your money. Because like Buffett once said, “If you buy things you don’t need, soon you will have to sell things you need.”
I hope this helps. Comment below and lemme know your thoughts and I’m looking forward to hearing from you!😃
Here’s something you might also be interested in reading: The Money Matter that’s Keeping you Poor