How can Warren Buffett’s approach to investing and business be applied to our own lives? How has Warren Buffett achieved such immense success and what can we learn from his strategies and mindset?
How can I apply Warren Buffett’s principles and lead a more fulfilling life?

Warren Buffett, also known as the Oracle of Omaha, is one of the most successful investors of our time. With a net worth of over $100 billion, he has become a living legend in the business world. However, beyond his financial success, there are many valuable life lessons we can learn from Warren Buffett. In this blog post, you’ll 5 key takeaways that can help you achieve success in your own life and if you make it to then end I think you will be pleasantly surprised.

Here are 5 lessons I think make a good guide for contentment in your own life:

1. Focus on what you have and love.

Warren Buffet has a modest home, the same one he bought in 1958, and drives a $40,000 car. He could own the most expensive home and cars in the world, but he doesn’t he buys what he likes, and enjoys a relatively simple life without worry about what other the media and society say he should do with his money.

2. Quality is more important than quantity.

Warren Buffett says you only need to make a few good decisions to be incredibly successful. He must be right as he has made billions of dollars to invest for himself and others, yet he frequently only owns 20 or so stocks. He says we need to be picky and be happy with a smaller quantity.

Warren has a very famous line that basically states, “Your financial wealth would be much greater if you could only make 20 investments in your lifetime. You would make sure they were great if you had only 20 chances.”

3. Do what you love for a fulfilling life

Warren has said that the most important part of success and contentment is doing what you love every day. I think that’s probably why he’s never stopped investing and making money. If you’re spending your time doing what you love and enjoy you will continue doing the same thing regardless of how much money you have.

You might not enjoy the career you have right now but are you doing anything to change that? Do you have a plan?

Imagine how much more content you would be if you enjoyed going into work each day.

4. Mind your own business.

You needn’t be concerned with what the competition is doing. Avoid being influenced by everyone else. If you do what everyone else is doing, you’ll simply be average. Avoid comparing yourself to everyone else. Follow your own intuition.

Most of us are too concerned with others. We’re worried about how we compare to others. We’re worried about their opinions of us. They’re probably thinking the same things. Get yourself out of that loop and do your own thing.

5. Stick to your talents.

Warren is famous for shunning high-tech investments, even when they were practically a sure thing. He has stated that he simply doesn’t understand them well enough to invest in them. Stay in your areas of strength a.k.a stay in your lane. You don’t need to do everything. Focus on what you know well.

Bonus – Choose your spouse wisely.

Warren Buffett says the most important decision that you make is who you marry. It is the ultimate partnership and it is enormously important in determining the happiness in your life and your success.

This August my wife and I would have been married for 17 years, 3 years shy of the 20 year mark most new businesses aim for. I chose my wife wisely and I am grateful she chose me. She is my anchor, with her by my side I have freedom and peace of mind. People may joke about their other half being their “ball and chain” but when you understand how a tiny little anchor can hold a massive ship in place the joke stops being funny.

Conclusion

You might be thinking that anyone worth $108bn would be content with just $50 million in the bank but that’s not true.

Right now, in the UK studies conducted by Pensions & Lifetime Savings Association and the Child Poverty Action Group show that to live comfortably you need a net income of £49,700 if you are single and £67,554 for a family with 2 parents and children….mine is slightly higher because we got a pandemic puppy!

When you go above these income levels, happiness does not increase and in the words of the Notorious B.I.G “mo money mo problems”.

Very wealthy people became wealthy largely because they are content living a particular way. We too can be just as content, even if we never amass a mega-fortune.

How???

We do it by aiming to increase the amount of contentment in our lives.

Thank for reading this post, if you found value in it please share it with others.

If you have any other life principles you would include on this list, please share them in the comments below.