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Buffett, now worth $158 billion, made his fortune on his own.
He got to workbuilding wealthas a kid and hasnt taken a pause since.
At 94 years old, Buffett is still the chairman and CEO of Berkshire Hathaway.
And he doesnt use fancy money jargon that can exclude the average investor.
He tells it like it is, for better or worse.
Lets consider four of Buffettstop tips for getting richer.
Your Attitude Matters More Than Your Smarts
Investing can be intimidating when youre just starting out.
Honestly, it can be intimidating when youve been doing it for years, too!
You know, Buffett-level-smart.
But dont bother fretting over any of that.
Be more concerned with your attitude and outlook.
The most important quality for an investor is temperament, not intellect, Buffett said.
You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.
Just embrace dollar-cost averaging.
If you like spending six to eight hours per week working on investments, do it, Buffett said.
If you dont, then dollar-cost average into index funds.
He doesnt believe in courting an investment for a short period of time and then cashing out.
Time is your friend; impulse is your enemy, Buffett once said.
Take advantage of compound interest and dont be captivated by the siren song of the market.
Practicing patience and endurance is the core of Buffetts wealth-building philosophy.
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