The Secret to Warren Buffett’s Wealth

When pressed, all of us would probably admit that we want to be wealthy.  And yet, most people fall far short of that goal – so what is it that makes one person scrape to get by while another enjoys Scrooge McDuck style wealth?

One interesting idea comes from Warren Buffett.  He’s an incredible example of somebody who’s made his own fortune, and I’ve always enjoyed the following quote from him:

“Some people have to survive and some people have to be wealthy.”

This isn’t an indictment on a class system that forces some people to be poor for the benefit of the rich.  Instead, the difference is in the innate desire of the person.

To understand what I mean, think about your home internet subscription or your monthly cell phone bill.  Could you live without either of these services?  If all hell broke loose and you had to give them up, you probably could.  But when things aren’t quite so dire, you’re going to go out of your way to continue having these services – even if it means cutting back somewhere else.

Now, what if you simply had to have a private driver in the same way that you have to have a personal cell phone?  What if you had to have a private chef or a private jet and couldn’t live without these items?

When it comes down to it, we create in our lives that which we must have.  If there is a thing that we can’t live without, we’ll find a way to get it – whether it’s a new cell phone or a Gulfstream 550.  If we can live without something, we’ll let it go, but if we have to have, we’ll make it happen.

I’m guessing that – hearing that – you’re thinking to yourself, “Kevin, that sounds great, but there’s no way I could ever have my own private jet just by wanting it badly enough.”

Well, there’s your mistake!

Just look at that statement, “I could ever have.”  By saying “could,” you’ve already admitted that a private jet isn’t something you must have.  And when your mind knows that you aren’t fully dedicated to acquiring it, you’re going to find it pretty hard to drum up the motivation necessary to do what must be done to achieve your dream.

Think about it…  Are you going to go full out – each and every day – for something that you admit you might never attain?  Of course not!  But what if that private jet (or whatever other major goal you’re driving towards) was non-negotiable?  What if it was something that you knew you’d have – you just have to put in the work to get there?

All of a sudden, the mental conversation shifts – and that makes all the difference.  No longer are you thinking to yourself, “There’s no way I could achieve something so huge.”  Now, you’re saying, “Here’s what I have to have – now what do I have to do to get it?”  Paths and avenues open up for you that you never would have considered if you weren’t 100% committed.

With all of that in mind, I want you to think about the “must haves” in your life.  You don’t have to have Warren Buffett level riches (and frankly, I think it’s worth mentioning that the amounts of time and energy that will be required are gargantuan).  But if you’ve been hedging about other goals in your life – say, a new house or a tropical vacation – decide that you have to have them.  Once the decision is made and your commitment is set, there’s no way you won’t achieve your dreams.

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The 3 Magic Words to Get More Listing Appointments

This approach works in almost any situation with any type of lead whether it’s a Seller or a Buyer. It is especially powerful at breaking through the initial resistance with FSBO’s and EXPIRED LISTINGS.

Your information will not be shared with any third party