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If you're a Warren Buffet zealot then this is for you.  It's a list of Buffet's "money making secrets."

http://www.warrenbuffett.com/warren-buffett-10-ways-to-get-rich/

I don't think these are all that secret. It looks more like common sense but your mileage may vary.

Maybe that's why Buffet's so loved.  He's obscenely rich but acts just like the common man.  He's kind of like that rich uncle you (wish) had growing up.  You knew he was better off but he didn't really flaunt it that much.

My favorites:

5. Watch Small Expenses: Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits — and your paycheck — go much further.

6. Limit What You Borrow: Living on credit cards and loans won't make you rich. Buffett has never borrowed a significant amount — not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.

7. Be Persistent: With tenacity and ingenuity, you can win against a more established competitor. Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.

Tags    Common Sense    Getting Rich    Making Money    Warren Buffet

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