Warren Buffett's top 4 tips to get richer

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Warren Buffett crossed the threshold to billionaire status at the age of 54 at the age of 54. At that time there were only 12 other billionaires on the planet (there are almost 2,800 in 2025). Buffett, now worth $ 158 billion, made his assets alone. He had to build prosperity as a child and has not taken a break since then. At the age of 94, Buffett is still chairman and CEO of Berkshire Hathaway.

Buffett was referred to as Oracle of Omaha because he has an often scary insight into the stock exchange. Nobody really understands it and Buffett never brag about it, but one thing he does is his wisdom for building prosperity. And he does not use unusual money jargon that can exclude the average investor. He says it as it is, for good or bad. Let's look at four of Buffett's top tips to get richer.

Your attitude is more important than your smarts

Investing can be intimidating when you are just starting. To be honest, it can be intimidating if you have been doing it for years! You may feel this enormous pressure to be “intelligent” – clever in a way that you may not even be able to understand. You know, Buffett-Level-Smart. But don't bother yourself to be annoyed about it. Be more concerned with your attitude and outlook.

“The most important quality for an investor is the temperament, not the intellect,” said Buffett. “You need a temperament that does not enjoy being with the crowd or against the crowd.”

In other clichés, they stay calm and continue and do not let yourself be caught in the damn loop of obsession about what other people do.

Practice the average of the dollar costs by buying the S&P 500

You can invest and still earn a lot of money with it. Simply take the average of the dollar cost average reasons.

“If you like to work on investments six to eight hours a week, do it,” said Buffett. “If you don't do this, you have a dollar-cost average in index fund.”

With this practice you do not buy individual stocks – which is a risky step, even if you work on investments six to eight hours a week. Instead, they invest in the S&P 500, an index that pursues the performance of the 500 largest listed companies in the US buffet that the possession of the S&P 500 is the “best to do”.

Invest in great companies – but only at fair prices

Another buffet nugget of wisdom: “It is far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

What he says is when you buy shares from the company, you invest in high-quality companies with strong leadership and incredible potential-but only if you can remove the shares at a reasonable price. Overpaid not only to get in and pay attention to companies that are not so impressive, but sell for top dollars.

Go everything in the long run

Buffett is a kind of mascot for long-distance investment strategies. He does not believe in promoting an investment for a short time and then paying it out. He believes that he stays in investments by thick and thin so that you can be interested in the enrichment advantages of interest.

“Time is your friend; Impulses are your enemy, ”Buffett once said. “Use the interest of the interest and do not let yourself be fascinated by the siren song of the market.” Practicing patience and endurance is the core of Buffett's asset structure philosophy. It is so easy and yet for so many, very difficult to do: lean back, relax and let your time do.