Secret Millionaires Club: Warren Buffett's 26 Secrets to Success in the Business of Life

SECRET #4

Make Time for Both Work and Play

SECRET #4 It is important to make the right trade-offs between work and play so we live a balanced lifestyle.

Ever hear the expression: “Live a balanced life”?

In the business world, it's important for managers to be aware of the right trade-offs to be successful. You always want to invest in a business with managers who make good decisions.

Evaluating trade-offs and making the right decisions are also important in life—like choosing when to study, watch TV, be on the computer, or play video games. I recommend studying every day and trying to learn something you didn't know before.

So remember: It's important to make the right trade-offs between work and play so you can have a balanced life.

A few months ago, the Secret Millionaires Club kids learned this lesson when Lisa showed up for a meeting very distracted and run-down. It was clear that between homework, softball practice, taking pictures for a photography contest, and running in the Feetathon Race for Charity, Lisa was trying to do way too much.

At the same time, a local Italian cafe owner, ENZO, was spending every waking minute working in his restaurant. But no matter how hard and long he worked, Enzo couldn't get more customers into his restaurant. Like Lisa, poor Enzo was running himself ragged.

Radley, Elena, Jones, Starty—and yes, even Lisa—came up with lots of ideas for bringing ...