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Here are three of his best pieces ofadvice that you might apply to your financial planning.
Think Long Term
Bezos is a believer in the buy and hold school of thought.
Rather than focusing on elusive short-term goals, he focuses instead on more distant horizons.
Hes held several investments for 10 years or more.
In the billionaires view, a long-term perspective is necessary for success.
Success isnt realized through immediate gains and risky investments but through assets and objectives achieved over time.
Focus On Cash Flow
Bezos emphasizes the importance of keeping your eye on the bottom line.
Again, this was in terms of Amazons business, but individuals can learn from it, as well.
Carefully chosen and monitored investments will produce tangible and reliable returns over the long term.
The essential element in this process is patience.
Success, like nature, cant be rushed.
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