Warren Buffett is one of the best investor ever lived today. He made millions and millions of dollars through his discipline in investing. “The oracle of Omaha” as what the world says.
Many people made millions too by following his strategy. On this short article, I will share 6 inspiring Warren Buffett quotes that can ignite your passion in personal finance. Quotes from successful people like him can really drive us to be inspired and pushed our self more to achieve financial freedom.
Here’s the Warren Buffett quotes that can inspire you.
This basically teach us to create other source of income aside from our job. We cannot really depend on our job alone if we want to achieve financial freedom.
Creating and having multiple source of income is one of the best way to step up the ladder and achieve our financial goals. We can study and learn how to invest to grow our money and create passive income on the side.
Here’s a collection of investment article I shared on this blog.
This Warren Buffett quotes teaches us to do not spend our money in material things and non-sense activities. We should know the difference between “wants vs needs“.
Let’s focus more on things that can help us achieve financial freedom.
This basically teach us to prioritize needs before wants. We need to create a new habit of “delaying gratification“. We should follow the new formula that can bring us wealth and financial freedom, the income – savings = expenses.
Let’s learn how to trace our expenses and start budgeting and saving our money for more valuable things that can bring us fortune in the long run.
On Taking Risks
This is another inspiring Warren Buffett quotes that teaches us to be cautious. He warns us to never take risks on the things we don’t understand. Understand more about what you’re venturing to especially investments.
Investing in ourselves first is the best thing we could do to minimize the risks in every investing venture we have in mind.
This quote tells us to diversify. Diversification means we should put our investment in different investments available.
Diversification in stock market means we should have stocks in different sectors like financial, mining, food industry and others.
This Warren Buffett quotes share us to be vigilant in putting our trust to other people. We should not expect that “cheap people” will be honest to us. Make sure we know them before trusting them.
Those are the 6 inspiring Warren Buffett quotes related to personal finance. You may have heard them already but in case not, I hope it inspires you. Ignite your passion in personal finance by reading and sharing quotes like these.
Share it with your friends and colleagues to inspire them as well. Until next time. Cheers to our success!