I see success as a balance between health, career, relationships and money, with health by far being the most important and I'm always interested in other successful people's take on success.

One person I admire and respect is Warren Buffett an unpretentious, down to earth guy, his financial tips over the years have helped earn lot of people a great deal of money with passive investments in shares of public companies.

I happened to catch a T.V. interview of Mr. Buffett recently on the Business Channel.

Buffett defines success this way:

"Success is finding a career you love and adore, and becoming really good at it."

Buffett passionately loves looking for and studying companies, which is no surprise.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. -- Warren Buffet

Mr. Buffett loves financial investigations of businesses so much, he'd do it even if he just earned a modest living.

Clearly, earning more money is not his main motivation.

Isn't this surprising coming from the most successful investor in the world?

** A great business lesson **

He also talked a lot about investing only in businesses you understand and simply forgetting the rest.

He readily confesses there are many things about which he knows little or nothing.

So no matter how good a deal may sound at first, he just doesn't invest in it.

I see this as great business advice for the entrepreneur as well. <cf_mgquote text="It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." byline="-- Warren Buffet" align="right" back="white">

When listening to Warren Buffett, I was reminded of commonly asked questions from readers, subscribers, and seminar attendees.

One of the questions most frequently asked is this. "What is the best, most ideal business you recommend?"

The answer -- there is no single business that is best for everyone.

It's up to you to search for a product in an industry you love, which interests you, and for which you have great passion.

The result will include enormous personal satisfaction regardless of the level of financial success.

If you attempt a business or career in a field for which you do not feel great interest or passion, you will be making a huge mistake.

Why?

You will not be financially successful.

Nor will you be very happy either.

Find something that you love to do and excel. A business that brings you such joy you would do it for free.

This is the only certain path to personal happiness and a real chance at mega-success.

Warren Buffett also discussed his personal choices and lifestyle.

His approach is similar to nearly all multi-millionaires I've known or influenced in their careers.

Most people in first-world countries, especially the U.S., accept a dangerous myth.

They believe you can spend your way to wealth.

They do not save at least 15% of their income. Nor do they exercise self-discipline. It's not surprising they are always broke, living paycheck to paycheck.

But Buffett, as discussed in Tom Stanley's book, "The Millionaire Next Door," has been a saver, not a spender all his life.

He owns no yachts. Nor does he have bodyguards.

Or a large staff.

He lives in the same house he bought 49 years ago for $31,500. He drives a 10-year-old car. Clearly, he'd rather invest his money than spend it.

Warren Buffett's idea of relaxing is not to go to a fancy restaurant or exotic vacation.

He'd rather go home, put on his sweat suit, have a coke and hamburger, and watch a football game!

** Are there any exceptions to finding the ideal business? **

No. Just be really passionate about the business or services you provide.

Just gain tremendous satisfaction actually appealing to the special niche you enjoy and understand and your customers will respond accordingly.