Do You Have a Billionaire Mindset? These 2 Charlie Munger Quotes Will Help You Develop One

lne-consultingAt LNE Consulting we wholeheartedly believe that the most efficient way to become successful is to learn from those who have been there before you. And who better to learn from than the greats?

You’re undoubtedly familiar with billionaire Warren Buffet, but a man you may not know as well is Charlie Munger, his business partner. Worth about $1.4 billion, Munger has been a mentor and friend to Buffet for many years. He is the vice chairman of Berkshire Hathaway as well as a generous philanthropist.

We found a few great quotes from Charlie Munger that stuck out to us:

Three rules for a career: 1. Don’t sell anything you wouldn’t buy yourself; 2. Don’t work for anyone you don’t respect and admire; and 3. Work only with people you enjoy.” – Charlie Munger

We love everything about this quote because it speaks to authenticity and the ingredients for a happy life. The team at LNE Consulting knows first-hand the benefits of selling a product that is truly a cut above the competition, and we’ve been incredibly fortunate over the years to represent companies with impressive product lines. We also could not agree more with Munger’s suggestion to work only for those whom you respect and admire. This is why leadership by example is of utmost important to us. Working with people you enjoy is also crucial. When your coworkers become more like your “work family,” everything about your day to day life is better — and this we can attest to from experience!

“It is really useful to be reminded of your errors. I think Warren Buffett and I are pretty good at that. We do kind of mentally rub our own noses in our own mistakes. And that is a very good mental habit.” – Charlie Munger

Our favorite thing about this quote is the way that Munger looks at failure. At LNE Consulting we teach our team to fail their way to the top. The more mistakes a person makes, the better! So many people get caught up in failure and never give themselves the opportunity to learn from their mistakes. So take a page out of Charlie Munger’s book and develop a billionaire’s mental habit of acknowledging your errors and making positive changes.

Before you go, connect with LNE Consulting on Instagram @ LNE_Consulting

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