In the midst of the current economic uncertainty, rising and falling prices of basic necessities, and increasingly fierce job competition, many people are starting to realize the importance of financial independence. Are you one of them? The fact is that being rich without inheritance is not just a dream for us.

Many young people are now feeling anxious, especially because they do not have the privilege of inheriting wealth or family assets. Warren Buffett, one of the richest people in the world, actually started everything without an inheritance. He proved that being rich without an inheritance is not just a wish.

Being rich without an inheritance is something that can be achieved with the right strategy, commitment, and habits. Through his simple but consistent life principles, Buffett is a real inspiration that wealth can be built by anyone who wants to try.

Well, for those of you who are interested in following in his footsteps, Treasury has summarized 9 secrets to rich without inheritance ala Warren Buffett as a guide to life that is relevant to today’s conditions so that you can apply it gradually. Let’s see the full discussion!

1. Start Early, No matter How Small

One of Warren Buffett’s greatest strengths is his ability to start early. He has been selling candy, drinks, and even newspapers since he was a teenager. Starting from small businesses, he learned to recognize the value of money and how to develop it.

It turns out that being rich without inheritance is not about how much capital you have at the beginning, but how quickly you can start and take the opportunities that exist. Time is the best weapon in investment and wealth growth, because it gives room for profits to work.

2. Have a Long-Term Vision

Buffett never focused on daily or weekly profits. For him, true success comes from a well-thought-out and patient long-term strategy. This philosophy is very important if you want to be rich without inheritance, because true wealth is built slowly but surely.

Every financial decision will be more focused with a long-term vision. You can prioritize big goals such as retirement funds, financial freedom, or building a business that has long-term prospects. This vision is what keeps you consistent, even when consumptive calls and market pressures are at their highest.

3. Prioritize Quality Over Quantity

One of Buffett’s trademarks in investing is to only buy quality companies, even if they are few in number. This philosophy also applies to other aspects of financial life. Wealth without inheritance is not about having a lot of assets, but assets that actually provide value.

Instead of buying a lot of assets just because they are cheap, it is better to choose those that really have strong fundamentals, such as gold. Since ancient times, gold has been known as an asset that is highly valuable, resistant to inflation, and has high liquidity. Even today, gold is still believed to have a big impact in the long run.

Also Read: 11 Tips to Implement Frugal Living ala Rich People in the World – Treasury

4. Don’t Have Debt

Buffett strongly avoids consumptive debt and encourages people to live debt-free as early as possible. In the rich without inheritance principle, avoiding debt is an important step so that you don’t spend your productive years paying for past expenses.

Debt can be a financial trap that drains your income, mentality, and flexibility. If you have to go into debt, make sure the debt you take is for productive purposes, such as education or business capital. However, in general, you need to get used to living within your means to avoid being trapped in a negative financial cycle.

5. Calm in the Midst of Panic is a Strategy

When the market falls or an economic crisis occurs, many people panic and sell their assets at low prices. Unlike Buffett, he buys when everyone is afraid. This is in line with one of Buffet’s famous quotes, to be fearful when others are greedy and to be greedy only when others are fearful.

The ability to not get carried away in making financial decisions is very important. You need to learn to read opportunities in every situation, not just react to pressure. When everyone is panicking, that is the time to grab opportunities at bargain prices and make profits in the long run.

6. Connect with Great People

Buffett is surrounded by quality people. Building a healthy network will broaden your horizons and open up new opportunities. For those of you who want to get rich without inheritance, positive connections are an asset that is no less important than money. A supportive environment will help you stay motivated, focused, and keep growing.

Learning from others’ experiences, sharing ideas, and getting mentors are effective ways to accelerate the journey to financial independence. Remember, a strong network can bring great results in the future.

7. Understand and Master Financial Science

Financial literacy is one of the bridges to make it easier for you to become rich without inheritance. Warren Buffett was an avid reader of financial reports and economic books from a young age. To be rich without inheritance, you need to understand the basics of finance, such as cash flow, investment, and risk management.

You will be better prepared to deal with the dynamics of personal finance and the market with adequate knowledge, not easily affected by momentary trends, and can make decisions based on data, not assumptions. Learning finance is not just to become an investor, but so that you can improve your own financial condition in the future.

8. Plan Your Future Well

Warren Buffett never makes big decisions without planning. Every step taken will be calculated, from investment allocation to retirement strategy. For friends who want to be rich without inheritance, planning is the main foundation that must be built from the start.

Start by setting short-term and long-term goals. Make a monthly budget, determine the investment portion, and prepare an emergency fund. You will be better prepared to face various situations without having to sacrifice your main goals with a well-thought-out plan.

9. Commitment is the Key to Success

All of the above principles are meaningless without a strong commitment. Warren Buffett did not become rich overnight. He committed to his principles for more than 60 years. If you want to be rich without inheritance, then you must be fully committed to implementing each of the strategies above.

Commitment means sticking to the goal even though the journey is difficult. Consistently setting aside funds, staying calm when you fail, and continuing to learn even when you think you know a lot. That’s the mentality of a true warrior. Commitment is not only the key to financial success, but also the determinant of long-term quality of life.

True wealth does not have to come from inheritance, but can be built from perseverance, good habits, and unwavering commitment. Warren Buffett is living proof that anyone can be rich without inheritance, as long as they have the right principles and patience in the process.

Start from small things like, studying, saving, investing, and building positive connections. Treasury facilitates you to invest in proven safe and high-quality assets, namely digital gold. You can start from the lowest amount of Rp5,000 and then increase according to your ability and needs.

Make the 9 secrets above as your financial life guide. What else prevents you from starting today? Come on, take the first step to become rich without inheritance now!