Billionaire Warren Buffett offers 3 "minimalist" principles
There are many temptations in life. If we are too greedy and want to do everything, sometimes we will not only fail to achieve our goals but also stagnate. According to billionaire Warren Buffett, here are the things you need to give up and “minimize” to become rich soon.
1. Principle of energy minimization
Sometimes, we are not successful not because we do not work hard enough, but simply because we use our time and energy in the wrong place. This leads to you always seeming extremely busy, but in the end still getting nothing back.
Psychologist Roy Baumeister once mentioned the theory of “self-depletion”, meaning that everything we do is a process of energy depletion, and each loss of energy will affect our ability to perform.
Therefore, in daily life, sometimes because you are too busy having fun, you will run out of energy before doing some serious work. If the mind is preoccupied and pays attention to too many things, over time, we will not be able to focus on things that are truly valuable.
According to Warren Buffett, "energy minimization" is when we focus our limited energy on important things, urgent work that needs to be handled, or things that bring a lot of value. Only then can you achieve good results in everything.
2. Principle of minimizing relationships
For Warren Buffett, relationship minimalism is about having fewer but quality relationships. He believes that everyone should keep their social relationships as simple as possible. Give up useless interactions and do not waste time maintaining relationships that are not useful, or can even cause trouble for us.
Most people say: "Many friends, many connections". In fact, this is not entirely true. Smart people understand that connections are not about large scale but about subtlety. If you are busy embracing and maintaining all relationships, you will have no time left to do other things.
Distinguish and filter your personal relationships. Like a group of excellent, motivated people who can lead us to progress together; or people who can bring emotional value to each other and are difficult to let go of in life. In particular, reflect on those people who only know how to vent negative emotions on us, affecting our own progress...
3. The principle of emotional minimalism
When a person is overwhelmed by negative emotions such as anger, anxiety, fear, etc., they often lose their mind and make impulsive and reckless decisions, which can easily get them into bigger trouble. Warren Buffett's letter to his children says: "The most important thing is to have stable emotions and not let emotions control your investment decisions."
Whether in life or work, we must keep a cool head and look at the difficulties we encounter rationally. Only in this way can we quickly make the right decisions, overcome obstacles and turn defeat into victory.
Warren Buffett's success is an extremely typical case. The investment market is very unpredictable, if he were an emotionally volatile person, it would be difficult to reach the heights he has today.
Owning a large fortune is not necessarily too difficult for some people, but if you want to maintain long-term wealth, you must know how to continue to hone your skills and understand the rules of making money.
