Bill Gates and Warren Buffett point out what everyone should give up to be more successful
Billionaire Warren Buffett once shared: “When it comes to the issue of sacrifice, I immediately think of time because that’s the only thing no one can buy. I can buy anything I want but basically, I can’t buy time”.
Everyone has only 24 hours in a day, so in order to pursue useful things, you need to learn to give up some activities that have little or no benefit. Two famous billionaires Bill Gates and Warren Buffett are prime examples of implementing the strategy of giving up some daily activities to focus on more profitable activities, thereby achieving the set goals. out.
Give up the habit of not “profitable”
Billionaire Bill Gates once wrote in a personal blog post: “I stopped listening to music and watching TV in my 20s. It sounds odd, but I did it because I thought it would distract me. when thinking about software”.
Billionaire Bill Gates in his youth (Photo: Internet).
Bill Gates applies the same principle in parenting. He does not allow his children to use cell phones until they are 14 years old and maintains a rule not to use phones during family meals.
Investing legend Warren Buffett also doesn’t like the distractions of technology. The CEO of Berkshire Hathaway doesn’t keep a computer in his office. In addition, he also avoids being distracted by the Internet by using a flip phone, although Apple CEO Tim Cook has repeatedly persuaded him to use an iPhone. It was not until 2020 that he “upgraded” the phone and used the iPhone 11.
Habits bring high benefits
Just because an activity is “productive” doesn’t mean it isn’t fun. Habits outside of work should be rooted in something we are truly passionate about. If you find them enjoyable and worthy, keep them. Even sitting still can do wonders for your brain because it boosts creativity and improves decision-making skills.
For Warren Buffett, that habit is playing bridge – a game of strategy and patience. He affirmed that this is a very good intellectual exercise because every 10 minutes, players will encounter a new situation that requires them to calculate continuously.
Besides, the billionaire also maintains a long-standing habit of reading books. When asked about his secret to success during a talk at Columbia Business School, Warren held up a large pad of paper and said, “Read 500 pages of this book every day. That’s how knowledge works and it does. compensated like compound interest”. At the present time, despite his age, he still spends 80% of his day reading books.
Billionaire Warren Buffett (Photo: Internet).
Billionaire Bill Gates is also a reader a lot every day. He often reads books and newspapers to update news and expand his knowledge.
Of course, not everyone has the same high-benefit habits. It is important that you find it and maintain it in the long run to help you achieve your goals.
Every moment is worth it
Author Malcolm Gladwell once revealed in his book “Outliers: the Story off Success” that part of Bill Gates’ success was built on a foundation of “rules” 10,000 hours”. Accordingly, to become an expert in a certain skill, you need to practice it for a total of 10,000 hours. In the case of the Microsoft co-founder, it was writing software.
This is obviously a huge amount of time, and not everyone can commit to spending 10,000 hours mastering a skill. The point here is that Bill Gates found something he was passionate about, devoted his time to it, became an expert, and built a company on it. We also do this by identifying our own potential and then choosing the right activities to help develop them.
Work-life balance
Every day, enjoy time free from thinking about work and life. You can go to the movies, eat or shop to feel better after stressful working hours.
Bill Gates said he just didn’t listen to music and watch TV for only 5 years, after that time, he still watched entertainment programs like everyone else to relax. Therefore, you can completely reward yourself with moments of rest and stress relief to regenerate working energy.
Source: CNBC
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