Warren Buffett is known by many as one of the most all-time successful investors in the world. The Berkshire Hathaway chairman has regularly been in the top five wealthiest people alive and continues to thrive at 87 years old.
His secret weapon? Reading. When once asked what he would want his superpower to be he confidently answered, “Being able to read super fast. I’ve probably wasted 10 years reading slowly.”
Learn how you can use the Buffett routine to live a better life.
Make Reading a Daily Habit
If there is any part of the Buffett routine you should take away from this is his insatiable appetite for reading. Warren Buffet is a voracious reader. Despite his age and billions of dollars, Warren still spends 80% of his day reading. It’s a habit he has practiced since the beginning of his investing career and one of the main reasons he is as successful today.
As Warren Buffett said, “Read 500 pages every day. That’s how knowledge works. It builds up like compound interest.” While reading is important he has also talked about how you need to evaluate and form an opinion of what you read.
Learn to Think for Yourself
Whenever you finish a book, blog post or article figure out how this new information fits into your current reality and thought patterns. Learn to think for yourself. Always ask yourself how you can use this new information and how should you take action from your learnings.
Schedule Reading Time
Most people want to learn and read more but say they are too busy. If this sounds familiar start scheduling in time blocks during your day to make reading a daily habit. The morning works best as you’re more likely to stick with it and not skip it amidst the chaos of the day.
Don’t be afraid to put down your phone and stop scrolling through social media. It’s no surprise the average American reads one book per year while average CEO reads five books per month!
Learn to Love Investing in Yourself
One of the best Warren Buffett quotes is, “The most important investment you can make is in yourself.” If you want life to change, you have to change. You need to adopt a learning mentality and strive to always be learning. Reading Warren’s main method of learning but you can learn and consume information in so many ways.
On your way to work start listening to podcasts on topics that interest you. Attend seminars to meet like-minded people and learn from ultra successful people like Tony Robbins or Brendon Burchard.
Warren Buffett has always said that his best investment ever was not related to finances but a public speaking course by the great Dale Carnegie. Without this investment in himself, he would probably not be the massive success he is today.
If you want to achieve success in any area of life, business, fitness, or personal, make reading your new habit of choice. Reading allows you learn from others success in a fraction of the time and a great way to stimulate your mind, regardless of age.
Start following the Buffett routine to learn more and make positive changes in your life.
I love this post and wholeheartedly agree that reading is fundamental.
I have recently learned the value of investing in yourself. I was always told to go get a 401k, but I was never told to build a skill set that will allow me to create more wealth through my own work.
All are very good points. Thanks!