Being rich is something we all aspire to. It makes sense since it comes with so many benefits. You can buy a luxury house, a luxurious car, and if you are rich, spend on a luxurious lifestyle. But it comes with a catch. While we all aspire to be rich, not all of us can make it. For some it is luck and fortune that gets in the way. On the other hand, it is a lack of ability and capacity to relate to others. In this case, we are all intrinsically attracted to money. But ironically, the more we work for it and put our blood and sweat into it, the more it gets away from us.
Think about it: Millions of people work hard and still live below the poverty line. Men do horrible and deadly jobs like mining and fighting. But at the end of the day, they don’t earn enough money to live a luxurious life. Instead, they barely make ends meet.
So, why is that? Why are some people so rich even though they don’t work as hard as others? And why do some people work extremely hard and put their blood and sweat into their jobs and still can’t get rich? What is the logic? Well, it turns out that working hard isn’t the answer. It takes creativity and productivity to make it to the rich list.
Thus, if we look into the matter and analyze the rich people who have made it – without working hard – it turns out that working hard is not the answer. Warren Buffett is one of them. As the most successful investor of all time, Warren Buffett is the richest man in the world.
That is why it will be easier if we go to him and see what he has to say about money. Before diving in, it’s important to note that Warren Buffett has been sharing his insights about money for years. More often than not, these insights are his life experiences.
What money advice can we learn from Warren Buffett?
Warren Buffett says “Don’t save what’s left over. “Instead, spend what’s left after saving.” If you think it through, this is one of the most debatable pieces of sage money advice. Basically, Buffett means that getting rich requires limiting spending.
If you are spending more than you earn and have no savings, you are losing a large chunk of your money. This way you will never be able to collect the money. In return, you will never be rich.
On the other hand, if you limit your spending and save every possible cent, it will pave the way for you to become rich.