Warren Buffett, the “Oracle of Omaha”, is one of the most successful investors in the world and therefore also one of the richest people in the world. On the Forbes list of the world’s richest people in 2022, the 92-year-old American with a fortune of 96 billion US dollars makes it just behind Bill Gates to sixth place. However, his real-time wealth even amounts to a whopping $99.9 billion (as of 11/07/2022). So it’s no wonder that the successful billionaire serves as a role model for many. Again and again, the entrepreneur and investor has helpful advice for anyone interested on how they can be successful in their jobs or with investments.

    This word is the secret of success for rich people

    Most recently, GQ magazine reports that, according to Buffett, the key to success lies in one word – the word “no.” “The difference between successful people and very successful people is that very successful people say no to almost everything,” Buffett said, according to GQ. Above all, it is important to say no to things that turn out to be not worthwhile. Making the right decisions and having time are essential for entrepreneurs, especially since time is the most valuable thing you have. In order to properly allocate this valuable commodity, people like Warren Buffett carefully examine what is on offer before accepting or denying it.

    This is how you learn to say “no”.

    But for many people, saying no is harder than you might think. It is often more convenient to say yes in order to save yourself the strength for an argument, to appear sympathetic or because you think you are not allowed to say no. However, as the Career Bible explains, anyone who wants to learn to say no should first understand why it is so difficult to say no. Because just because you turn down a request doesn’t mean you’re less sympathetic or lovable, for example, or you have to expect dire consequences. In order to finally be able to say no successfully, it helps to follow a few tips. For example, it can be helpful to ask for a little time to think. This will help to think through the final decision thoroughly. It also helps when saying no to give reasons for your decision, as this way you get more understanding from the person you are talking to.

    E. Schmal / Editor finanzen.net

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