Ten of the secrets to success shared by billionaire investor Warren Buffett in “Secret Millionaires Club,” by Andy and Amy Heyward:
» Try to learn from your mistakes — better yet, learn from the mistakes of others!
“When you own a business or manage a company, the last thing you want to do is make a mistake. You can lose customers and lose money by making too many mistakes. But sometimes slip-ups happen and a successful business manager learns from his or her mistakes.
“It's the same thing in life. Learn from your mistakes — better yet; learn from the mistakes of others!”
» Following your passion is the key to success.
“Since we all need to work for a living, it's best to work at something you like. I love what I do and think everyone should pursue his or her dreams. One of the keys to success is to be excited about what you do and to always have a dream.
“So remember: The person who can't be stopped, won't be.”
» Failure is not falling down, it's not getting up.
“'Trying new things' and knowing that you will make mistakes in life is important to understand — because today's failure can lead to tomorrow's success!
“Think about it: What wonderful things could you do in life if you knew you could not be stopped by failure?”
» It takes years to build a reputation but only minutes to ruin it.
“Building a good reputation is important in life. The best thing you can do for yourself is to build a reputation for being kind, generous and thoughtful to others. Make sure that you act as if everything you say, the things you do and how you treat others could be posted on the Internet for the whole world to see.
“So remember: A good reputation is the greatest thing to build over your lifetime — and make sure to never do anything to harm it in any way.”
» If it seems too good to be true, it probably is.
“In life, as in business, you want to make sure that you carefully think things through when offered something. If someone guarantees that you will make easy money or they make promises that are unbelievable, then a warning bell should ring in your head. In other words, don't believe everything you hear.
“So remember: Always be careful when considering a promise and always use good, common sense to make up your mind.”
» If your service is outstanding, you'll always stand out.
“Being nice and making friends is important for success in life. You should always strive to be nice, care for others and be friendly; if you do this, you're sure to stand out.
“So remember: the first three rules for making friends are: Be pleasant, be respectful and care for others. The fourth rule is to pay attention to the first three rules!”
» It's not just the outside that counts. It's the whole package.
“Packaging yourself properly is important. It's like having a scorecard showing on the outside that reflects your inner scorecard.
“For example, you should show respect if you want to be respected. Admire honesty as part of being honest. And be lovable to be loved.”
» Make sure you stay in school.
“Ever heard of the domino effect? ...
“A decision you make today might affect events in your future. The best example that comes to mind is that you should stay in school, because failing to complete your education today can lead to not achieving your dreams in the future.
“Remember: One decision can affect your future — just like one domino can knock down a row of one hundred dominos!”
» Save money for things you need instead of spending it all on things you want!
“Saving money is a very important habit for you to form as early as you can. As you earn money, you should get into the practice of putting some aside so you can buy the things you need in the future.
“In other words, as Ben Franklin once said, 'A penny saved is a penny earned!' ”
» Be smarter at the end of the day than you were at the beginning.
“Did you know that learning could last you a lifetime? ...
“I've often said that the best investment you can make is in yourself — and to do that, challenge yourself to learn something new every day.
“Remember: Learn to be better at what you like to do and that will make you happy with yourself. And if you are happy with yourself, others will be happy with you!”
The Omaha World-Herald Co. is owned by Berkshire Hathaway Inc.