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Work Like Warren Buffett

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If you’re going to take wealth advice from anyone, then you couldn’t go pass Warren Buffett.

After all, he’s probably the most successful investor of all time and is consistently ranked as one of the wealthiest people alive with an estimated worth of $76.8 Billion.

One thing that’s common to successful people is the amount they get done even though they only have the same amount of time in a day as the rest of us.

Warren Buffett has achieved some incredible things over the years.

But did you know that it all comes down to his unique, special, patented “Two List Strategy for Maximum Focus”?

It goes something like this:

  1. Write down your top 25 career goals. Or, to get even more precise, the top 25 things you want to achieve in the next 12 months.
  2. Circle the 5 most important items – the most important or the ones that will make the biggest difference to your life.
  3. Start a second list, and put those 5 big things into that list which we’ll call “List – A”. Then, designate the original list as List B (and cross off the five things that you’ve moved across to list A so you’re only left with the secondary but still important goals)

Then no matter what, don’t touch or even think about the things on List B until List A is fully achieved.

Most people will go between List A and List B doing whatever they feel like doing first. So things that you like doing gets done and things that are hard do do not get done. So they wallow and float between the two not getting what matters done.

This is a useful tool for radically clearing mental clutter that takes up your valuable time.

Spending time on secondary priorities is the reason you have 20 half-finished projects instead of 5 completed ones

If you can’t complete a task in a certain amount of time, either outsource it or kill it.

Also, add to List B all the negative people in your life – the people who take up your time and suck you dry of your energy and joy.

Add the jobs you hate doing. Either kill those tasks or outsource them.

Then put this list on your Notes in your mobile phone so you can access and sight them and start focusing on the BIG 5.

Typically, when you complete one thing from List A, you’ll already know what the next thing you want to put on there is.

So then you just get on with LIST A knowing that everything else is on list B.

You can get back to those when you’ve completely cleared List A (which is never because you’re always updating it).

The most dangerous distractions are the ones you love to do first but don’t get you an outcome.

If you need wealth planning advice, contact a Chan & Naylor Wealth Planning Specialist near you, and we’ll be more than happy to help.

Aside from wealth planning and creation, have a look at our other accounting and advisory services that we do to help you achieve greater success.

If you like our post, “Work Like Warren Buffett”, subscribe to our newsletter and stay in touch with us on Facebook, Instagram, and Twitter.

Chan & Naylor Group has nationwide offices in North Sydney, South West Sydney, Sydney, Pymble and Parramatta in New South Wales, Melbourne, Moonee Ponds and Hawthorn in Victoria, Brisbane and Capalaba in Queensland, and East Perth in Western Australia that can assist you with wealth planning and creation as well as any other business or personal tax enquiry that you may have. Contact us today.

Disclaimer
Warren Buffett Picture: flickr.com

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