Reprinted from Parade Mag­a­zine: War­ren Buffett’s ’10 Ways to Get Rich’, writ­ten by Alice Schroeder; the author of Buffett’s autho­rised biog­ra­phy, The Snow­ball.

  1. Rein­vest Your Profits
  2. Be Will­ing To Be Different
  3. Never ‘Suck Your Thumb’
  4. Spell Out The Deal Before You Start
  5. Watch Small Expenses
  6. Limit What You Borrow
  7. Be Per­sis­tent
  8. Know When To Quit
  9. Assess The Risk
  10. Know What Suc­cess Really Means

This from No. 10:

Despite his wealth, War­ren Buf­fett does not mea­sure suc­cess by dol­lars. In 2006, he pledged to give away almost his entire for­tune to char­i­ties, pri­mar­ily the Bill and Melinda Gates Foun­da­tion. He’s adamant about not fund­ing mon­u­ments to him­self — no War­ren Buf­fett build­ings or halls. “I know peo­ple who have a lot of money,” he says, “and they get tes­ti­mo­nial din­ners and hos­pi­tal wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you’ll mea­sure your suc­cess in life by how many of the peo­ple you want to have love you actu­ally do love you. That’s the ulti­mate test of how you’ve lived your life.”