8 Warren Buffett Principles to Get Rich Fast
Jakarta, CNBC Indonesia - Legendary global investor Warren Buffett is renowned not only for his immense wealth but also his modest lifestyle and insights on money, investment, and life. The Berkshire Hathaway chairman frequently shares financial habits, discipline, and decision-making advice that remains relevant in today’s global economic climate. According to Times of India,Monday, 26 May 2026, here are some of Buffett’s most memorable quotes on money:
‘Don’t save from what’s left after spending; save first and then spend the remainder.’ Buffett emphasises making saving a priority rather than an afterthought. Setting aside money first builds long-term financial discipline and prevents impulsive spending.
‘Price is what you pay; value is what you get.’ This famous investment principle reminds us that cheap items aren’t necessarily valuable.Both in life and investments, focus on long-term benefits rather than just initial costs.
‘Someone can sit under a tree today because someone else planted it long ago.’ Buffett highlights the importance of patience and consistency. Significant results often stem from efforts made years earlier, whether in investments or personal growth.
‘Risk comes from not knowing what you’re doing.’ The US investor believes lack of knowledge is the biggest source of risk in investments and business. He stresses the necessity of thorough research before committing funds.
‘The most important investment you can make is in yourself.’ Buffett believes improving skills, knowledge, communication, and discipline yields the greatest lifetime returns. This underscores the value of education and self-improvement in a changing world.
‘If you buy things you don’t need, you’ll eventually sell things you do need.’ This serves as a reminder about the dangers of consumerism.Impulsive purchases can severely damage long-term financial health.
‘Honesty is a costly gift; don’t expect it from cheap people.’ While not directly about money, this emphasises integrity and choosing the right environment. Buffett considers trustworthiness a valuable asset in both life and business.
‘The best thing I’ve done is choose the right role models.’ Buffett believes surroundings and mentors greatly influence personal development. Being around the right people fosters growth, mindset, and success in life.