Warren Buffet is without a doubt one of the most successful investors in the history. He is known for his savvy investments that have earned him billions of dollars. Although he literally has got nothing to worry about in terms of his finances, because he’s got lots of money, he must be very preoccupied also taking care of his huge investments. So many of us would wonder how he manages his life considering the huge amounts of money at risk.
If there’s another thing that has made Mr. Buffet so endearing, it is the fact that he is a very cool person. Even according to the people he works with, Mr. Buffet doesn’t seem to be too consumed about thinking about all his money, and perhaps losing it all.
Here are some tips Warren Buffet has generously shared about living a worry-free life:
1. Learn to isolate the problem.
The first important step to prevent worries from taking over your life is to learn to departmentalize the different aspects of your life. Try to imagine your life as a damaged ship that is at risk of sinking. The first step a captain would take would be to seal off the leaky or damaged section of the ship. The same thing should happen in your life. You’ve got to know how to isolate the various areas of your life – your relationships, your business, your job, your finances, etc. This way, they will not affect one another. If you have a bad day at work, for instance, you have to make sure that you become a great parent to your kids when you get home.
2. Analyze your problem/s.
Many of us tend to panic and overreact when things go wrong in some parts of our lives. While it is only natural to react negatively to problems, you also have to make sure you get your facts straight first before you react to it. Keep in mind that the more you understand an issue, the better you will be able to deal with it, and the less you will be worried about it.
3. Be ready for the worst.
Once you’ve figured out what problems or issues you are facing, you have to imagine what the worst outcome could possibly be. No matter how bad it is, you have to reconcile with the fact that it may happen. When you are aware of and are ready for the worst-case scenario, you will have no reason at all to keep worrying about it.
4. Think about how the outcome can be better.
While it is good that you’ve accepted the possible outcome of your problem or situation, it is not enough that you just let it happen without doing anything about it. You should also think about how you could make the outcome better. In short, you should gather your facts, and gradually decide how you should deal with it.
5. Let it go when you need to.
When you’re sure you have done everything in your power to avoid the worst-case scenario, you should then start accepting whatever the outcome it. Besides, there is no point in worrying about something you cannot do anything about. Realize that perhaps it’s time that you move on with your life.
You don’t have to dream about becoming a billionaire to follow these tips from Warren Buffet. All of us need these life coaching tips to be able to stop worrying about all the problems we’re dealing with. Problems are a part of life, and we can’t let them control how we live our lives.
Cecile Peterkin is a certified career and retirement coach, and a registered member of the Career Professionals of Canada and the International Coach Federation. She is also the Founder and Senior Career Strategist at Cosmic Coaching Centre, provider of career and life management services for middle managers and mid-career professionals across Canada, United States and Europe.