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Save like a pessimist and invest like an optimist

Bill Gates is a name that is not too unfamiliar to most of us. The Microsoft co-founder dropped out of Harvard at the age of 19 to start a business with the belief that computers would become universal. Currently, he is the 4th richest person in the world, owning a fortune of 114 billion USD.

In the early days of his career, Bill Gates put a lot of time and effort into what he felt confident in. However, there was another side that was the exact opposite of his almost unshakable confidence.

In an interview, the billionaire said that in the early years of founding Microsoft, he always kept a certain amount of cash in the bank. This amount can help the company survive for 12 months in the absence of revenue.

Bill Gates' view of money: Save like a pessimist and invest like an optimist - Photo 1.

Billionaire Bill Gates (Photo: Internet).

In addition, he once shared that when he first founded Microsoft, he was always careful in hiring employees and did not hire too many people. “I always worry because the people who work for me are older than me and have children. I often think what if I hire too many people and can’t afford to pay them,” Bill Gates said. .

The coexistence of optimism and pessimism

If you look closely, you will notice that optimism and pessimism go hand in hand at almost every successful company or individual. They are opposites but together they create balance.

Bill Gates said you can only become an optimist in the long run if you are pessimistic enough to survive in the short term. According to him, the best way people can apply is to save like a pessimist and invest like an optimist.

Saving like a pessimist

British mathematician – John Littlewood studied and came up with the “Law of Miracles”, according to which, in the life of any person, miracles happen at a rate of about once a month.

And the law above seems to apply to bad things as well. A billion different things can go wrong in our lives. Therefore, Bill Gates advises that we should save like a pessimist to guard against uncertainty at the individual, corporate, local, national or even global level.

Bill Gates' views on money: Save like a pessimist and invest like an optimist - Photo 3.

Save enough money to act as a cushion when you’re in financial trouble. Let’s assume that what you have in hand today can be broken tomorrow. As Gates did with Microsoft, don’t forget to save some money that can help you “survive” for at least 6 months if suddenly no income. This is the secret and advice of many self-made millionaires who have achieved financial freedom.

Invest like an optimist

Like all things, there are limits to pessimism. When it comes to investing in your future, you should be an absolute optimist. As long as you keep moving forward and find a solution in the deadlock situation, in the end, your efforts will pay off.

According to Bill Gates, investing here is not just about investing in the stock market, real estate or some form of business, but also about investing in yourself to enhance your self-worth.

Investment legend Warren Buffett once shared in a 2018 video: “An easy way to increase your current worth by at least 50% is to hone your communication skills, both written and verbal. If you communicate poorly, it’s like ‘making love’ to a girl in the dark.Nothing happens!Even as a knowledgeable person, you still need to be able to communicate. and manifest on the outside.

According to him, effective communication is an important factor that brings many opportunities and even success for young people.

Source: Inc, Medium

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