Secret Millionaires Club: Warren Buffett's 26 Secrets to Success in the Business of Life
Of course you know who Warren Buffett is; he's the most successful investor in the worldmaybe of all times. But what do you know about his approach to business and investing? It's an approach that, over the past four decades, has made him richest man in America and the third-richest man in the world, and that has earned vast fortunes for his business partners and investors. But as Buffett himself will tell you, at the heart of any wealth-building system there are certain core beliefs, not just about finance, but about business, work, morality, your responsibility to yourself, your family and society, and about living a decent life. Written in conjunction with the hit television series, "Secret Millionaire Club" and with Buffett's input and full support, this book makes Buffett's financial philosophy and homespun life lessons available to everyone outside his "Secret Club."
- Warren Buffet's goal in spearheading this book was to share lessons about personal finance he has learned and that he hopes will benefit you (and your kids) for a lifetime
- You'll learn the fundamentals of personal finance by reading Warren Buffett's war stories and personal reflections on money, life, business, ethics and more
- All of the finance principles covered in the book were personally approved by Warren Buffett as those which he himself follows
- Unforgettable Buffett quotes include: "Price is what you pay. Value is what you get"; "Risk comes from not knowing what you're doing"; and "Profit from folly rather than participate in it."
THE SECRET’S OUT…! ix
Don’t Be Afraid to Make Mistakes 1
SECRET #1: Try to learn from your mistakesbetter yet, learn from the mistakes of others!
Don’t Borrow Money 9
SECRET #2: Think twice before you either borrow money or loan money to someone especially a friend.
Love What You Do 15
SECRET #3: Following your passion is the key to success.
Make Time for Both Work and Play 19
SECRET #4: It is important to make the right trade-offs between work and play so we live
a balanced lifestyle.
Listen to What Others Can Teach You 25
SECRET #5: The experience of others is the best classroom you will ever find!
Always Think of New Ideas 31
SECRET #6: Try to come up with alternate ways of doing things.
Always Have a Plan 37
SECRET #7: When you fail to plan, you plan to fail.
If You Fail, Try Again 43
SECRET #8: Failure is not falling down; it is staying down.
Protect Your Reputation 49
SECRET #9: It takes years to build a reputation but only minutes to ruin it.
The Customer Comes First 55
SECRET #10: Take care of your customer and your customer will take care of you.
Open Minds Let In Better Ideas! 61
SECRET #11: Opening your mind can open the door of success.
Always Promote Yourself 65
SECRET #12: Successful businesses successfully promote and advertise themselves.
Location Is Very Important 71
SECRET #13: Location is a vital part of most businesses.
Don’t Be Fooled 77
SECRET #14: If it seems too good to be true, it probably is.
Don’t Judge Others 83
SECRET #15: With businesses, like with people, you should get to know them before you judge them.
Be Willing to Change Your Ideas 89
SECRET #16: Chains of habit are too light to be felt until they are too heavy to be broken.
Your Image Is Important 95
SECRET #17: Price is on the price tag; value is in the eye of the beholder.
Be Thoughtful of Others 99
SECRET #18: If your service is outstanding, you’ll always stand out.
Pay Attention to Details 103
SECRET #19: A good business is disciplined to do the little things right every day.
How to Present Yourself 109
SECRET #20: It’s not just the outside that counts. It’s the whole package.
Your Decisions Affect Your Future 115
SECRET #21: Make sure you stay in school.
Failing to complete your education can lead to not achieving your dreams in the future.
Save for the Future 119
SECRET #22: Save money for things you need instead of spending it all on things you want!
Be Someone in Demand 123
SECRET #23: Prices are determined by supply and demand.
Confidence Comes with Understanding 127
SECRET #24: Don’t get involved in a business you don’t understand.
A Lifetime of Learning 133
SECRET #25: Be smarter at the end of the day than you were at the beginning.
Partners Make it Easier 139
SECRET #26: Great partnerships will make any job easier.
ABOUT A SQUARED ENTERTAINMENT 145
WARREN BUFFETT is Chairman of Berkshire Hathaway and recognized as the most successful investor in the world.
ANDY andAMY HEYWARD are Co-CEOs of A Squared Entertainment LLC (A2), a full-service brand entertainment company. Dedicated to producing original "content with a purpose," A Squared provides entertainment and experiences that are as enriching as they are entertaining. A Squared is currently producing the Secret Millionaires Club with Warren Buffett, a television series designed to teach financial literacy.
Secret Millionaires Club
Warren Buffett’s 26 Secrets to Success in the Business of Life
By Andy and Amy Heyward
Co-founders of A Squared Entertainment
Written with Warren Buffett’s support and input
Based on the hit TV show on The Hub
Most of us know who Warren Buffett is; the most successful investor in the world—maybe of all time. But what do we know about his approach to business and investing? It's an approach that, over the past four decades, has made him one of the most respected men in the world.
Buffett himself says that at the heart of any wealth-building system there are certain core beliefs, not just about finance, but also about business, work, morality, responsibility to oneself, family, and society, and about living a decent life. If we can learn that approach, and better yet, teach it to our children, can we raise the next generation of Warren Buffetts?
The Secret Millionaires Club: Warren Buffett’s 26 Secrets to Success in the Business of Life (Wiley; August 2013), by Andy and Amy Heyward, with the collaboration of Buffett himself, is a new book full of wisdom and expert advice from which you and your kids will benefit for a lifetime. The book offers:
- Lessons on personal finance Warren Buffett has learned over the course of his legendary career
- Buffett's personal reflections on money, life, business, ethics, and more
- A unique opportunity to learn the fundamentals of personal finance from Mr. Buffett himself
- Inspirational quotes
Written in conjunction with the hit television series, Secret Millionaires Club and with Warren Buffett's support and input, this book makes Buffett's financial philosophy and homespun life lessons available to everyone outside his "Secret Club."
About the authors:
Andy and Amy Heyward are Co-CEOs of A Squared Entertainment LLC (A2), a full-service brand entertainment company. Dedicated to producing original "content with a purpose," A Squared provides entertainment and experiences that are as enriching as they are entertaining. A Squared is currently producing the Secret Millionaires Club with Warren Buffett, a television series designed to teach financial literacy.
Media contact: Jocelyn Córdova, Wiley, 201-748-6249/ firstname.lastname@example.org