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Success is the first habit that follows you. Look at all the people who are always there for you. For example, be it your friends or relatives. Or be it your colleagues. Those who are always there for you should be better than you. For example, if all the people who are always there for you are studying.
Then you should definitely study. Maybe all the people who are always there are spending their time going to the movies without saving anything. Then you should definitely spend your time. That's why you should always come and be better than us. There are two important people in Buffett's life. One came and Bill Gates.
The second came and Charlie Munger. Did you come and see Bill Gates? Then he trusted One of the Friends. Then you came and saw the other one. Everyone knows Charlie Munger, he is his working partner. Both of them came and watched. Of course, they are not equal to Warren Buffett, if not better. That's why Warren Buffett stayed with him.
Similarly, all the managers he hires are subordinate to him. When Warren Buffett hires someone better, he hires someone better. This is the first habit. Pay attention to it. Take note of the people who are with you. If there is something positive about you, then observe them. The second habit is your time table.
That is, you set your agenda yourself. No one else should set it for you. For example, if someone else calls you and says, "Let's go to the movies today," then you should spend time with your family today. If you think you want to spend, then you should definitely say no to it. We can save our time by saying no more than we say yes, because time is life.
Life is everything. How can we manage this? Warren Buffett once said the Five-for-25 strategy. That is, list all the things that you think are important in your life. Make a list of 25 items. From those 25 items, you should only choose the top five. Say yes to only the requests that come to you. For example, let it be your health, let it be your family, let it be your career, let it be your money-making skills.
Say yes to all of these. If someone else comes and thinks that you are going to do something for them, then you should definitely say no. But of course, it is up to them. It seems like there were people who understood us, but there were people who made us understand, but they would definitely come and leave us.
So you should always work with your agenda, work with priorities, and don't forget this Warren Buffett Five Bar 25 Strategy. The third thing is to read a lot. This is something that everyone knows. Warren Buffett studies a lot. We also know about ourselves. We always think that our studies are a burden.
The reason for that is that our schools and colleges all say that we should study and make it a chore. But we study and come and see. For example, take the stock market. In the past, there was a Rio share market in the 80s and 90s. What were the mistakes with that? There are learnings, you only know that if you read them, you can watch the videos.
I can tell you that if you come and watch everything, then it will be a direction. I can only say that this page is like that. But what you do is in your hands. So always have your books, magazines, annual reports, profit and loss statements, always read. You are a learning machine. Okay, it will be a little difficult to start.
But you think big. Okay, Perusa Yosinghe. But start small, start little by little and always be consistent. What did Warren Buffett say? So how does studying work? It works like a compound interest. It accumulates little by little. But later, it will definitely come to you and be very useful for you.
Share market article If you have any doubts about what books to read, then give your email in the comments. I will come and send you an email. Many of our friends have come and asked what books to read. I have sent them to you. If so, leave your email idea in the comments. The fourth habit is delayed gratification.
That is, you have postponed your happiness for a little while. If so, the benefit will be greater. If so, you must be patient and postpone your happiness. For example, a scientific study was conducted for this. They called 10 children and gave them all marshmallows. They gave you marshmallows like candy and you waited for about an hour.
If so, I will come and give you another one. If you have taken one, I will take two. They say that out of those 10 children, six or seven children came and watched. If so, they ate immediately. But whoever came and watched after that one hour, if so, those two candies must have been very happy later in life and in a better position.
Warren Buffett learned this thing early. When he came and bought his first share at the age of 12 or 13, he bought a good company. But he quickly invested it. When the profit came, he invested it when it was 10% or 20%. After that, the share price came and saw that it multiplied. He was very distressed to see that.
He knew that if we were patient, we did something good for ourselves. Then, of course, our benefit will come many times over. That's why you always do something good later. If you are getting good benefits from it, then you should definitely sacrifice the happiness you get immediately. Have you seen it in the share market?
If you are making good shares, if you are making profits of 10%, 15%, you have got one year. If you are not going to sell it immediately, you can hold it for your lifetime until you know that it is a good share. The second and final hobby is to always give back to your society. It does not even have to be in cash.
Even if it is an old cloth, do not throw it away. Give it to those who do not have it. Similarly, if you know something, know some knowledge. If you know it, teach it to the society. Teach it to all the children. Always teach it to them. You will never come back. When you teach, you will definitely improve yourself.
Warren. Buffett has donated almost 46 billion US dollars from 2000 to 2019. He is the largest donor in the world in his lifetime. That's why he didn't come poor. He only got richer and richer. Which of these five hobbies are you following? Maybe you haven't followed them. So, which hobby will you start first?
It's not necessary that you follow them. Similarly, it's not necessary that you start immediately. As I said, always think big but start small. Whatever hobby you start, leave a comment and let us know in the next video. Till then, Happy Investing.
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