Charlie Munger, right hand and a long-life friend of Warren Buffett and the vice chairman of Berkshire Hathaway, died on Tuesday at the age of 99. He was well known for his pragmatic life advice and as a very successful investor with a net worth of $2.6 billion.
In 2019, Charlie shared some longevity tips behind his positive outlook to make one’s life better. Munger said that all these secrets are simple rules that work well for a better you and are also trite. These six longevity tips will tell you how to be optimistic and enjoy your life to quickly achieve your goals and walk on the way to success. So, let’s learn the secret longevity tips from Charlie Munger’s wisdom for a happy and long life.
Longevity Tips: Don’t have a lot of envy.
Charlie Munger has said that one should stay far away from envy; we should not be jealous of others or what they have achieved, and we should focus on ourselves and what we want to achieve. Envy is the main hindrance on our way to success. Munger has warned about the dangers of envy for years and says that the world is driven not by greed but envy, so one should keep oneself away from envy. This is one of Munger’s longevity tips.
Munger has also advised graduates about resentment, stressing the importance of avoiding resentment. Resentment is a complex emotion of disgust, disappointment, and anger. Psychologists consider it a mood or a secondary emotion that can be elicited in the face of insult.
Charlie Munger himself goes through a lot of miseries throughout his life. He has gone through a lot of difficulties, which include his divorce, the death of a son, and partial blindness, but still, he strived to stay away from resentment. So, this is another one from longevity tips from Charlie Munger’s wisdom for a happy life.
Don’t overspend your income.
One of the longevity tips from Charlie Munger’s wisdom includes taking care of spending. Munger has stressed that people spend less than their earnings and invest carefully to succeed. He also said if you want to be happy and prosperous in your life, you should avoid toxic activities and people, focus on continuing learning, and practice deferred gratification.
Munger said that if one is doing all the above things, he is undoubtedly moving toward success, but if you are not, you need a lot of luck to succeed.
Stay cheerful despite troubles.
As we have already discussed, Munger has also gone through various stresses in his life, including divorce, the death of a son, and so on, but what was the key? He always looks joyful. Munger has revealed this secret as well. As per longevity tips from Charlie Munger’s wisdom, one should stay cheerful, no matter how bad the situation is.
It will help you be positive and stay out of the circle of negativity and overthinking. He said staying cheerful is the key to letting go of negative emotions. So, to be happy and prosperous, you should stop overthinking, let go of your negative emotions, stay cheerful, and have a positive mindset.
Deal with reliable people
One of the reasons Munger has shared behind his success is to avoid toxic people and stay in touch with reliable people, which is one of the main longevity tips from Charlie Munger’s wisdom. As per Munger, one of the most reliable people in his life was Warren Buffet, whom he met in their hometown, Omaha, in 1959 and got into a friendship that he had longed for more than 60 years.
Buffett shared once that a doctor from Omaha who introduced them predicted that together, you both would hit it off, and they did so. Apart from this, Waren Buffett has also credited Charlie Munger for the success of Berkshire Hathaway and said that it was built on Charlie’s blueprints.
So you should also focus on finding these types of reliable people in your life who can motivate you, stand with you, have higher goals, and want to be successful. Only then will you be able to become successful? If you keep in the people who come to you only for fun and not for any productivity, then it’s hard for you to succeed until you leave them behind or have some real inspiration.
Do what you’re supposed to do.
Another secret longevity tip from Charlie Munger is to do what you are supposed to, which means that you should focus on becoming wiser every day than you were a day before. It would be best to learn new things or improve yourself daily. If you want to be successful, there should be a better you in every new day.
It does not mean you must make 100% improvements in a single day. Start with 1%, and focus on 1% improvement daily, eventually leading to 100% improvement and success. It also helps other people to know more, share your knowledge with them, and guide them so they can choose the right path.
So these are the six secret Charlie Munger Longevity Tips that can help you become successful and happy. It would be best to focus on the positive aspects of your life, try to learn something new daily, and be consistent. You will undoubtedly be a successful person soon, but most importantly, stay away from toxic people and invest only in reliable people for extended and secure returns.