3 Decisions Warren Buffet Says Will Change Your Life

In this episode of Building Us podcast hosted by Dr. Matt Morris, LPC, LMFT, and Erik Garcia, CFP®, Erik and Matt explore some of Warren Buffet’s life-changing philosophies. ‘Hit fewer bad shots’ is Erik’s advice for improving his golf game…But, what does Warren Buffet advise about your internal scorecard of success? Listen up!

Episode Highlights:

  • Erik shares a recent article from inc.com, entitled, Warren Buffett Believes 3 Decisions in Life Separate Those Who Succeed From Those Who Fail. (1:05)
  • Erik explains more about who Warren Buffet is. (1:25)
  • Erik gives us the first piece of advice from Warren Buffet, that separates those who succeed from those who fail. (8:21)
  • Erik discusses Warren Buffet’s philosophy on clear communication. (10:15)
  • Matt explains how you can learn to become a better communicator. (10:52)
  • Matt shares the second piece of advice from Warren Buffet: How to measure success by using your inner scorecard. (17:36)
  • Erik explains the importance of scorecards and measuring. (22:44)
  • Matt gives us the final piece of advice from Warren Buffet: Pay attention. (27:07)
  • Erik shares some advice from a financial advisor’s standpoint. (32:19)

Key Quotes:

  • “If you can make less poor decisions with your money, not better decisions necessarily, just less bad once consistently… that’s going to add up, it’s going to accrue, it’s going to accumulate, and you have a good shot at being successful.” – Erik Garcia, CFP®
  • “Other ways to invest in yourself will really help you insulate yourself against unknowns in life, and economic downturns, and changes in the job market. If I can continue to grow and develop, and be flexible, I can usually find success somewhere out there.” – Dr. Matt Morris, LPC, LMFT
  • “If you invest in your relationships, they’re not perfect investments, but you’ll most likely receive a lot of love and care and concern that will make your life full.” – Dr. Matt Morris, LPC, LMFT

Resources Mentioned:

About Erik Garcia

Hi there, I'm Erik. How you manage your money and other resources impacts practically every aspect of your life. I help individuals and families invest plan for a more secure and predictable financial future. Thanks for taking time on my site!

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