Buffett: Focus on three things - make money, see through human nature, and take care of your body.
First thing: Research to make money, solve 90% of the problem
Buffett believes that 90% of life's problems can be solved by money, and the remaining 10% can be alleviated by money. Making money is not to show off, but to control the choice, to make life more easy.
The core of making money: creating value
The essence of making money is to earn income through value creation and value exchange. Buffett has spent his life practicing this philosophy: investing to find undervalued value in the market and using capital to build wealth.
So, how can ordinary people study making money?
Path one: Make money with your skills
Master a core skill that makes you irreplaceable in your industry. Whether it's a programmer or a doctor, skills provide a steady income, but they become obsolete as The Times change. Therefore, it is vital to keep learning and upgrading your skills.
Path two: Make money on capital
If you have some savings, learn to make your money work for you. Grow your wealth by investing in stocks, funds and real estate. However, capital appreciation needs financial intelligence. Buffett believes in the compound interest effect and pursues long-term value rather than short-term gains.
Path three: Make money from innovation
Innovation is also a shortcut to tapping unmet needs when skills or capital are unavailable. For example, the rise of live streaming in the short video era is a typical example of seizing new demand.
Second thing: See through human nature and avoid 90% of the pits
The stock market and life are driven by human nature
Buffett has said that the stock market rises and falls more because of human nature than economic data. Similarly, many bad decisions in life are born of human weaknesses, such as conformity, greed, and fear.
How to see through human nature?
Path one: Identify your weaknesses
The greatest enemy of human nature is oneself.
Losing money in the stock market is often caused by emotion: selling in panic, chasing gains in greed. To study human nature, we must first learn to control our emotions and avoid short-term impulses.
Path two: See the behavior of others
Observing the behavior of others can provide insight into motivations and needs.
For example, top salespeople use their customers' microexpressions to find a negotiating break. Similarly, in everyday life, understanding the psychology of others can give you an advantage in interpersonal interactions.
Path 3: Use rules to avoid pitfalls
Buffett adheres to the iron rule of "don't invest in businesses you don't understand." Ordinary people can also make their own rules, such as not blindly following the trend, not borrowing money to invest, and avoiding emotional decisions.
Third thing: Take care of your body, don't trade health for money
Health is the starting point of life
Buffett once used "lifelong driving" as a metaphor for the body: if a car is to be driven for a lifetime, it will be carefully maintained, and our bodies are often ignored.
How to care for the body?
Path one: Develop healthy habits
A healthy lifestyle is the foundation: proper diet, regular work and rest, moderate exercise. In particular, avoid staying up late for a long time, sitting for a long time and other behaviors, these "debts" will be repaid in the future.
Path two: Regular inspection, prevention first
The meaning of modern medicine is prevention. Buffett insists on regular check-ups and timely lifestyle adjustments to avoid worsening health problems.
Path three: Manage your emotions and maintain your mental health
Mental health is also important. Too much stress can lead to anxiety, overwork and damage your health. Learning to release stress, such as meditation, deep breathing, or talking, can be effective.
Buffett's three things correspond to the three core aspects of life: resources (making money), relationships (humanity), and life (health). Many people spend their lives chasing various goals, and in the end, they find that these three things are the most important. Instead of dividing your energy, focus on them.
