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Do you want to be a millionaire? Follow Warren Buffett’s four rules for success.
How many entrepreneurs have the same level of confidence as they did before the Covid-19 pandemic? Yes, we all know that the bulk of the firms in the S&P 500 started off in a down market. Yes, the finest entrepreneurs instinctively lean in and listen even more intently to their market and consumers during difficult times, innovating where necessary and making their businesses more robust than ever before.
However, many of us are experiencing a different climate right now. Many, if not all, of the exits that were planned are now either delayed or completely changed. We couldn’t have guessed how varied consumers are. Employees vary, and even the most basic types of employment have evolved.
Is it still feasible to retire financially secure in this situation? From my viewpoint, it most certainly is, albeit perhaps not in the ways you might think. In four terms, I believe we can sketch out what we need to achieve now: Consider Warren Buffett’s approach.
That is all there is to it. But keep in mind that when I say this, I’m characterizing a kind, not necessarily praising the individual. Pay attention to the guidelines Buffet has established through various channels (spoiler alert: the fourth rule was given to financial advisor Adiel Gorel, who created and hosted…
