Read Like Warren Buffett Get Rich
The best entrepreneurs and investors never stop
learning and reading. Science proves that when you read the amount of books that Warren Buffett and Bill Gates read, you will certainly become smarter and richer. When Buffett, who earns millions of dollars in investments, was asked about the secret of his success, he replied:
“Read 500 pages a day. This is how your knowledge is formed, and then accumulated in an amazing cumulative way. Everyone can do this, but believe me, not everyone will.”
Warren Buffett devotes a lot of time during his day to books, and he's not the only one who does. Mark Cuban reads about three hours a day, while Bill Gates reads about 50 books a year... It's no wonder that scientific research has proven the truth of what the giants of the financial world said. The habit of reading actually makes a person smarter and helps him achieve success and wealth.
You were most likely asked as a child to read a book. And you would have fulfilled this request if you were told that more than 1,200 of the world's richest people read a lot.
First, you must choose the right books.
We don't want to disappoint you, but Warren Buffett doesn't read Twilight before bed. Thomas Corley, author of Habits of the Rich: Everyday Habits of the Rich, writes that rich people (with an annual income of $160,000 and assets of more than $3.2 million) read to improve and gain new business knowledge. While less successful people (with annual income of $35,000 and assets of at least $5,000) read more entertaining books.
No wonder the most successful businessmen don't stop learning even after many years of getting their college degree. But this does not mean that their choice is determined only by boring books. Some statistics indicate that successful people's favorite books are the biographies and lives of other successful people, because they serve as a source of inspiration.
If you don't know what to start with, start with the advice of famous people. This is a list of the best books on financial literacy and personal development.
Second, establish your correct habits gradually
This is very important for seemingly simple things such as reading. You will most likely lose the necessary level of concentration and stop reading. So if you want to accustom yourself to reading, you must determine in the first place where and when you will do it.
Read also: Indispensable steps to get rich
Research published in Britain revealed that people who were ready to exercise and thought ahead of time about the place and time of their upcoming workouts implemented their plan in 91% of cases. Whoever did not do this did not implement his plan except in one case out of three. So if you want to get used to reading like billionaires do, pick a time of day and don't change it every time. It is best to read in the evening before bed.
Third, move towards your goal step by step
If you are unfamiliar with reading 500 pages a day is a lot for you. But don't worry, you don't have to start reading 500 pages from day one. When you decide to exercise, you do not start with 500 exercises per day.
Also Read: 15 Reasons Why You Can't Get Rich
Psychiatrist and investor James Clear advises starting at 20 pages a day because that's "a little and not tiring. Many people can read 20 pages in half an hour.” He also adds that this is the ideal reading speed, but he was able to increase the number of pages he read during this time. He also seeks to find extra time to read during the day. He asserts: “In contrast to my daily life, I always read 20 pages.”
Fourth, diversify, diversify, diversify
Warren Buffett likes to diversify his investments and does the same in his choice of books. It is very simple, the various books open up new horizons for you. In order not to remain an expert in a particular narrow field, you can learn about different and new things.
At first glance, it may seem difficult to switch between different books and different topics, but scientists have shown that moving can increase the speed with which you absorb new information. So in a week try to read someone's autobiography, and next week go to science books. This may sound fanciful, but if you start reading a lot, you will be on your way to success as different people like Mark Cuban and Bill Gates have done.
Of course, you won't become a billionaire in a day, but it could happen one day. Just make reading a habit.
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