How to Ask Warren Buffett for Money – Lessons to Learn
At times it helps to stop thinking about how to ask Warren Buffett for Money and instead inquire of the various means and techniques which guided him to attaining financial freedom in the first place. Warren Buffet is not only a known philanthropist but also a successful investor of the 21st century. He also happens to be listed amongst the world’s richest people. In the past twelve months he is estimated to be worth a whopping $47 billion. He took the first and third position respectively in the years 2008 and 2011 in the list of the world’s richest person. He also happens to be one of the world’s influential people. His philanthropist activities came in when he pledged on giving away 99% of his wealth for charitable purposes.
How Warren Buffet got his wealth?
The trick behind Warren Buffett’s success can be linked to making sound investment decisions and sticking to companies that had a huge potential for growth. Warren Buffett managed to do this by mainly identifying companies which he believed were worth the estimated market value and had seemingly growing annual earnings. Then contrary to what many would expect, his income did not just increase overnight. In some of the companies he invested in them for quite a long period of time to amass the kind of wealth he has now. This called for sound decision making and many times patience as well.
Tips on how to invest like Warren Buffett?
It’s judicious to think about how to invest like Warren Buffett and not only how to ask Warren Buffett for money. From his biography, one can get the tips to help invest like Warren Buffett. The first secret to Warren Buffett investment is investing back your profits. That is instead of spending the money got from the stock markets, you are to reinvest the money. Secondly, you should not base your decision making process upon the views of others. Judge yourself according to your own standards. You should also make sure that all the information you need to make a particular decision are gathered in advance hence making sure you stick to the deadline thus acting on it in time. Another point is spelling out of a deal before you begin the job. This occurs mostly when another party wants something from you that they do not have. It is always important to make the boundaries surrounding any business arrangement clear so that the parties you are dealing with know exactly what you expect from them at the end of the day.
More often than not, you will need to provide Warren Buffet with solid reasons for him to willingly grant you the financial aid that you seek. For instance, how to ask Warren Buffet for money is usually not as easy if you do not have a business plan perhaps to show how you are going to use the money. Remember also like any other philanthropists, he offers most of his donations to charities and charitable organizations hence you may need to go through such organizations to get money from him.
Generally though, despite the fact that knowing how to ask Warren Buffett for money is important; it is even more important to learn how you can invest like him and make your own dream of financial freedom a reality.