TechnologyBillionaire Warren Buffett: The 'one easy way' to increase your worth by 50 percent

10:55  06 december  2018
10:55  06 december  2018 Source:   cnbc.com

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Billionaire Warren Buffett told business students that this is the most valuable skill they can learn. Buffett was actually terrified too. Overcoming your fear. As a young stock adviser, Buffett took a Dale Carnegie The clever way Jobs packaged the content. He fooled the audience into thinking he was

Warren Edward Buffett (/ˈbʌfɪt/; born August 30, 1930) is an American business magnate, investor, speaker and philanthropist who serves as the chairman and CEO of Berkshire Hathaway.

Billionaire Warren Buffett: The 'one easy way' to increase your worth by 50 percent © Provided by CNBC LLC Warren Buffett

Legendary investor and billionaire Warren Buffett has a tip for young people: Focus on learning how to write and speak clearly.

"The one easy way to become worth 50 percent more than you are now — at least — is to hone your communication skills — both written and verbal," says Buffett in a video posted on LinkedIn Monday.

The video is posted by Michael Hood, the co-founder of the Toronto based start-up, Voiceflow which enables users to design, build and launch skills for the Amazon smart speaker, Alexa, without needing to know how to code.

"If you can't communicate, it's like winking at a girl in the dark — nothing happens. You can have all the brainpower in the world but you have to be able to transmit it," Buffett continues.

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Warren Buffett and Bill Gates are the most charitable American billionaires . Buffett topped the list, giving away more than billion since 2000. That worked out to 71 percent of his The Chronicle's calculations were based on the Philanthropy 50 reports, data from the IRS and information supplied

"And the transmission is communication," says Buffett, who is currently worth more than $86 billion, according to Forbes.

Billionaire entrepreneur Richard Branson agrees that being able to communicate effectively is critical to success.

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"Today, if you want to succeed as an entrepreneur, you also have to be a storyteller," the British businessman said in 2016 blog post. "Of course, it is no use being a good storyteller if your product or idea is rubbish. But it is not enough to create a great product; you also have to work out how to let people know about it."

Hood and Buffett were heading to the Canadian Walk of Fame Inductee Gala together on Saturday, Hood confirmed to CNBC Make It . The young entrepreneur posted the video on Monday.

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Warren Buffett , the chairman and CEO of Berkshire Hathaway, has a net worth of . 1 billion. He is the third-richest person in the world, but he never spends Buffett is a generous philanthropist having given away more than billion in the last decade. The billionaire isknown for his frugal habits, like

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Hood, who is 22 years old, was Buffett's escort for the day, "a once in a lifetime opportunity" for a young entrepreneur, Hood tells CNBC Make It. Hood was chosen via the start-up incubator he is part of, Next 36.

Hood asked Buffet in the video, "What is one tip? So you are talking to people that are 21, 22, just graduating school. What is one tip that you can give them?"

The advice is something Buffett has learned firsthand.

"I was terrified of public speaking when I was in high school and college," Buffett said in a BBC video, published in 2009.

"I couldn't do it. I mean I would throw up and everything."

When he was younger, Buffett took a public speaking course at Dale Carnegie, the workplace training and professional skills development organization founded by author Dale Carnegie.

"I actually have the diploma in the office. And I don't have my diploma from college, I don't have my diploma from graduate school, but I have got my Dale Carnegie diploma there because it changed my life," Buffett says in the video.

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Warren Buffett describes this skill as essential and one that can raise your career value by 50 percent – and that is really a lot. And the best way to do it is through gradual exposure, increased self-confidence, and a clear purpose. Watching videos of public speakers can serve as an inspiration on

To Warren Buffett , the average is just that — what everybody else is doing. to be above average, you need to measure Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired wealth hastily gotten soon dwindles, but he who gathers little by little, shall increase it.

And it is this decision to improve his own skills which Buffett now preaches. The octogenarian tells Hood, "Invest in yourself."

See also:

Why Warren Buffett raises money for this church in a rough part of San Francisco: 'They take people who have hit bottom and help bring 'em back'

Billionaire Warren Buffett on helping the poor: 'A rich family does not leave people behind'

Billionaire Warren Buffett says 'the real problem' with the US economy is people like him

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Warren Buffett's 3-word piece of career advice.
In a very brief interview, Buffett shared words of wisdom for young workers. He's done it again. Warren Buffett, one of the wealthiest and most successful investors in the world, recently shared some excellent advice for those who are looking to improve their value in the work world. Michael Hood, co-founder of Toronto startup Voiceflow, recently accompanied Buffett to the Canadian Walk of Fame inductee gala. Hood took advantage of the opportunity to ask Buffett what advice he'd give to new graduates about to enter the workplace, so he could post the answer on LinkedIn.

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