Warren Buffett’s 7 Secrets for Living a Happy and Simple Life

Secret #1: Happiness comes from within.
“In my adult business life I have never had to make a choice of trading between professional and personal. I tap-dance to work, and when I get there it’s tremendous fun.” — Warren Buffett
If you do what you love and love what you do, you’ll naturally be productive.

Secret #2: Find happiness in simple pleasures.
“I have simple pleasures. I play bridge online for 12 hours a week.” Warren Buffett
You can also learn to be happy with the simple pleasures of playing cards with friends, playing with your children or taking a walk in the wilderness.

Secret #3: Live a simple life.
“I just naturally want to do things that make sense. In my personal life too, I don’t care what other rich people are doing. I don’t want a 405 foot boat just because someone else has a 400 foot boat.” Warren Buffett

Secret #4: Think Simply.
“I want to be able to explain my mistakes. This means I do only the things I completely understand.” Warren Buffett

Secret #5: Invest Simply.
“The best way to own common stocks is through an index fund.” Warren Buffett

Secret #6: Have a mentor in life.
“I was lucky to have the right heroes. Tell me who your heroes are and I’ll tell you how you’ll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit-forming.” Warren Buffett
Having a mentor is as important as having a purpose in your life, but having a wrong mentor is as devastating as having a wrong purpose in your life. The mentor has to be someone you can trust. You’ll find that person in your inner circle if you think hard enough.

Secret #7: Making money isn’t the backbone of your guiding purpose; making money is the by-product of your guiding purpose.
“If you’re doing something you love, you’re more likely to put your all into it, and that generally equates to making money.” Warren Buffett
Money should never become the object and end all of your motivation.