Monday, 2 March 2009

Live a simple life - lessons from Warren Buffet

Live a simple life

I just naturally want to do things that make sense. In my personal life too, I don’t care what other rich people are doing. I don’t want a 405 foot boat just because someone else has a 400 foot boat. - Warren Buffett

Find happiness in simple pleasures

I have simple pleasures. I play bridge online for 12 hours a week. Bill and I play, he’s “chalengr” and I’m “tbone”. - Warren Buffett

If one of the richest men in the world is doing it, why aren't we?

1. Learn not to be so materialistic because not everything must be of high prices.

2. Learn to strike a balance in life and decide between wants and needs. Needs are easily met, but wants can be unlimited, you probably have to struggle very hard, and spend long hours earning more money to meet your wants.

3. Simplicity is the key to your early financial independence path, but, you don’t have to be a miser to lead simple life