Tuesday, August 16

Warren Buffett’s Advice for Young People to Dramatically Increase Their Income

Warren Buffett is one of those figures who serve as inspiration to all those who seek to give a boost to their business, learn from the world of investment or just listen to his teachings to apply them to different areas of life. The businessman is considered one of the largest investors in the world, and it seems that his commercial strategy has not fared badly considering that he brings together some 63,000 million.

As good stock exchange expert, He is not shy about sharing some of his knowledge in all kinds of seminars and talks. The last has been in a video published by the co-founder of the startup Voiceflow, Michael Hood, in which he leaves having an interesting chat with Buffett, where he dares to give advice that, although simple, can be quite useful.

Specifically invited the new generations to learn to communicate as they deserve, an idea that is not very far-fetched if one takes into account that we are in an era where new technologies and screens are gaining more and more prominence and, if they are not used well, they can work contrary to their initial purpose, the to stay more connected.

Warren Buffett y Bill Gates – © Instagram

«The only easy way to earn 50% more than what you are worth now […] It is by perfecting communication skills, both written and verbal, “he began by saying in his speech, adding that” If you can’t communicate, it’s like winking at a girl in the dark: nothing happens. You can have all the intellectual capacity in the world, but you have to be able to transmit it. And transmission is communication. It may seem obvious enough, but having adequate communication skills is of great importance in all types of jobs, regardless of the position you hold.

Is It is not the first time that he has addressed young people with this message, Well, last year in a talk to the students of the University of Nebraska-Lincoln where he emphasized precisely that. In fact, he himself has taken some courses to perfect his communication skills. As he told CNBC, they helped him improve globally. “I posted my public speaking diploma in the office and not the university or graduate school diploma, because that changed my life,” he said.

This recommendation should be added to a varied cast which he has been in charge of explaining on more occasions, among which his insistence on making investment a second source of income stands out. “If you can’t find a way to earn money while you sleep, you will work until you die.” He also insists on always having a plan B in business, taking into account all possible scenarios to succeed in any situation, for him “predicting the rain does not count, building coffers does.”

We are also left with one of his phrases that gives more to think: “Never ask a hairdresser if he needs a haircut.” Or what is the same, you always have to take into account the intentions of anyone you work with or surround yourself with, only then will you learn to predict their behavior and get it right.

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