Making Smarter Bets with Your Money and Life. The 3 Secrets Shared!

You want to make things better, but you're not sure. Am I making the right move? Am I taking a bad gamble? How do I know this will pan out? Those are all difficult questions, but Warren Buffet, the world's greatest investor, can shed some light!

"Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you." — Warren Buffett

Warren is right. Leveling up your skills and knowledge always pays benefits. This doesn't mean you have to spend loads of money for this! There are TONS of freely available resources online or at your local library. Take two minutes and try searching "Learn how to [X] for free".

Nor does this mean having to spend loads of time! Just 15 a day, which is 1% of a day, is enough to see things compounding. And that 1% improvement every day compounded over a year creates a nearly 38X return. Try matching that return with stocks or crypto!

“Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we’re trying to do. It’s imperfect but that’s what it’s all about.”— Warren Buffett

Oh no, more math! But the concept is simple! Just ask yourself "Do the potential upsides outweigh the downsides? And how likely are each to happen"? Let's say you're thinking of investing $1,000 into a project.

You estimate that there's a 30% chance it will be worth up to $10,000 later. Worst case is you lost your investment. Easy algebra! 30% of $10,000 potential gain minus the 70% chance of losing your $1,000 investment would be a $2,300 expected gain! Mathematically, it's a good bet!

“You only have to do a few things right in your life so long as you don’t do too many things wrong.” — Warren Buffett

You don't need to constantly be making amazing decisions or achieving huge wins. Instead, it's more important to avoid making big mistakes that can set you back significantly. Consistently making decent choices, even if they're not spectacular, can lead to long-term success.

Investing in yourself, carefully weighing your options, and being consistent. Not always easy, but they are simple and they work. What are the smarter bets you're going to make now?