Warren Buffett is my inspiration concerning finances and the stock market. I would consider myself an idiot if I choose to ignore or reject him due to his maximized wealth, wisdom, and sustained investments. If you (American or Westernized man) crave financial freedom, optimism, stability, and security as he does and I hope to gain someday, please read carefully, think deeply, and apply emotionally his unforgettable words to your current skills, characteristics, and life overall.

Here are 5 short speeches that you, I, and many people (who are struggling with money, finances, investments, and/or entrepreneurship) should take heed and use for our benefit:

“Buy and never sell.”

Invest in stocks that give you much passion or excitement. Avoid letting your friends, relatives, and/or other people online and in person influence you to trade or sell something that you may regret. Instead, pay more attention to the omniscient and omnipotent God, first and foremost, and then your heart, where He speaks to you. Next, investigate thoroughly what Buffett has done as strong proof of this quote. Find a few company stocks that you would love to buy long-term like he has with:

• Proctor & Gamble (PG)
  • Despite that his multinational empire (Berkshire Hathaway) has decidedly sold this particular asset around Thanksgiving 2023, you are able to still put your money into it and buy its numerous shares based on your financial needs or desires.
  • If you are however doubtful or interested in another business with similarities (i.e. creating valuable brand products, willingness to give high dividend and stock buybacks to investors, and customer loyalty regardless of inflation), please do so.
  • Choose a company stock that leaves you with zero regrets in the long run.
• American Express (AXP)
  • This is an extraordinary and prominent bank to invest and make you thrilled about your passive income in the future.
  • One reason is receiving dividends or quarterly profits according to the number of your purchased shares.
  • Just ponder how much money that you can earn in return as time elapses and how many additional shares that you are willing to acquire or own.
  • Whether you take serious interest in the investment or not, maintain researching, writing, and figuring out the accurate stock or exchange-traded fund (ETF, which includes a variety of stocks and other assets) that rewards you with funds in your pocket 4 times per year.
• Coca-Cola (KO)
  • Just because Buffett loves the company stock and popular soft drinks, it does not mean that people from his corporation feel the same.
  • They are probably persuading or advising him to stop buying extra Coca-Cola shares entirely.
  • Hence, you and I have an opportunity to participate in the global transaction.
  • Allow yourself to have fun in studying, investing, and consuming your favorite beverage or food from a business that you have admired since childhood.

Hopefully, the 3 individual stocks that I have mentioned above give you encouragement to permanently buy the investments of your dreams.

“Rule No. 1: Never lose money. Rule No. 2: Never forget No. 1.”

This duo rule is understandable to all of humanity. Nonetheless, it is difficult to gain (more) money thanks to the increases of ridiculous prices, unemployment (extra people who are unable or rejected by employers continuously), and financial illiteracy (additional individuals who are not taught much about saving, investing in the stock market, etc. or at all). If millions of human beings want to escape from their negative financial situations, then they should alter their attitudes toward money and everything else. Jotting their financial goals, solutions to their issues, etc. as well as paying full attention to rich people like Buffett are 2 very helpful ways. Similar to him, most of humanity including us needs to focus on which assets (i.e. businesses, company stocks, bonds, ETFs, and so on) we wholeheartedly desire to invest nonstop and persistently. Certainly, financial losses are going to transpire. The main things are not panicking, giving up, and selling wanted investments that may unexpectedly and eventually make us wealthy and elated. Ignore what others say, think, and do when it comes to your involvement in the stock market. Consequentially, we are capable of adopting a new but positive mindset like that of Buffett and obtaining enlarged passive salaries of assets (which are also like his) that we cherish.

“Warren Buffett: “Rule #1: Never lose money. Rule #2: Never forget rule #1.” video – “GrahamValue” YouTube channel

“Pick businesses, not stocks.”

What Buffett explicitly means is selecting, researching, and weighing the pros and cons of our favorite companies. To make this process easier, we should each write a list of maybe between 5 and 15 diverse businesses that we regularly shop. After we study and discover the ones that have financial “baggage” or cause monetary risks, we need to reject them and narrow the list at an appropriate number. I state this advice because of the advantages of diversifying and retaining our investment portfolios at a minimum on popular online brokers such as:

• Robinhood
• Acorns
• Betterment
• Charles Schwab
• SoFi
• Wealthfront
• Vanguard
• moomoo.com
• Webull
• Interactive Brokers
• so on

The smaller that our numbers are equals the larger that we can grow them through recurrent investments. In 5 years, which is actually a long-term period, or more, we may become shocked of our financial profits (which might exceed the weekly or biweekly paychecks or direct deposits from our past or current jobs).

“If you are normal, you can’t be rich.”

It is no wonder that countless humans continue being broke, unemployed or underemployed, and/or frugal about their online/offline transactions. However, unless they are willing to listen and take financial advice from wealthy ones seriously, they are going to stay in their affliction probably for the remainder of their lives. If some people (who are tired of feeling like losers or failures) including us truly wish to be financially independent or free, we must change our mentalities and focus often on wealthy and successful individuals who can care less about being “normal”. Diverting or separating ourselves from friends, relatives, and others who have less plus refuse to work and gain more is a great start. I also highly recommend writing or typing a step-by-step process including our financial aspirations and then updating and sticking with the strategy as hugely victorious options too. Thanks to these optimistic ways, my online business (“Foreign Chat Web”) of 4 years with Elizabeth and even this blog of 7 years have emerged. The same things can happen to you if you put your mind, heart, energy, funds, and everything else (whether they are tangible or not) that you already have on your unconventional dreams as well.

“If You are Normal you Can’t Be Rich -Motivational Speech By Warren Buffett” video – “Rajiv Balda” YouTube channel

“Risk comes from not knowing what you are doing.”

This speech associates with the phrase “the blind leading the blind”. Why do some people choose to remain uneducated about something (e.g. gambling, taking drugs, or hanging out with the wrong crowd) that fascinates them despite of their lack of experience? The simple answers, according to an anonymous author of “Duncan Williams Asset Mgmt.” website, are:

• impatience
• following the footsteps of peers, relatives, friends, etc.
• strong belief in the get-rich-quick schemes

To prevent ourselves from entering the wrong path with them, we need to self-instruct, research, and take good notes about the stock market, finances, entrepreneurship, etc. like Buffett heavily suggests. Thinking about making long-term assets is a big plus too. It may seem that we have to wait forever or many years for our wishes/needs. Howbeit, if we develop a list of specific investments (i.e. Vanguard 500 Index Fund (VFIAX), GLDM, VONG, Microsoft (MFST), Bitcoin (BTC), and so on) that excite us personally, professionally, and financially, then we may develop extra patience sooner or later. Again, based on what I have told you on above sections, keep each of our portfolios simple, small, and mixed with:

• foundational/fundamental ETF(s)
• growth ETF(s)
• dividend ETF(s)
• 1 or 2 bonds or bond ETF(s)
• 1 or 2 cryptocurrencies
• individual company stock(s)
• other diverse assets

Investing in 1 or 2 of the same sorts of assets is good enough. Just ask and watch videos from Nolan Gouveia of the “Investing Simplified – Professor G” YouTube channel, Eric of “Smart Money Bro” YouTube channel, or even Jaspreet Singh of the “Minority Mindset” YouTube channel for verification. Become a devoted follower to people who are going to lead you in the right direction. Once you know exactly what you are doing with your finances, business(es), etc., then you can not only avert many risks but also earn adequate rewards for yourself and your loved ones who would consider you their new leader.

Conclusion

The majority or all of Buffett’s quotes say it all about the financial mistakes and situations that diverse people unintentionally place themselves. They need to stop being ignorant and improve their financial literacy skills. Taking financial/investment class(es) or seeking support/advice from professional(s) can give them little hope. However, teaching themselves by writing good notes and difficult terms can take them further with their fiscal journey and sooner to their monetary goals.

Knowledge, action, and experience provide us unusual but remarkable power that no one can copy or steal from us. I candidly state this fact because of this blog, FCW business, my brokerage accounts, and of course, my notebook(s). Our inner abilities are marvelous gifts that God has put inside us. Therefore, we are supposed to use them to fulfill His purpose.

Buffett is a blessing to the stock market due to his wise words, forbearing behavior, and sympathy for others especially those who are financially illiterate. Without him, would you and I be (fully) aware of financial education? Also, can we seek care, respect, and aid from another rich and famous investor like him? I would probably still teach myself about 401(k), IRAs, ETFs, bull market versus bear market, and other unknown and complicated financial terms anyway. My reasons are gaining a full understanding of financial terminology and generating my incomes once I enter the retirement stage.

I praise God for making Buffett like he is today.

It is surprising that he is almost 94 years old.

I hope that I am able to live as long as he does and that I can enjoy the remainder of my life with financial freedom and maybe a literal pool of cash.

You may feel the same way too.

Thanks for reading this unforgettable blog post.

Take care, take heed, and take notes of his memorable words that can positively impact your life and help you make smarter decisions as well as achieving more of your fiscal goals.