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Scott McGovern and Warren Buffett croppedWarren Buffett, chairman and CEO of Berkshire Hathaway, learned one big lesson decades ago: beiing able to protect the precious commodity of time.

To further support this concept, a classic Buffett quote floating around the internet drives home the point:

The difference between successful people and really successful people is that really successful people say no to almost everything.

This quote has caused much debate amongst investors, since it was spoken by Buffett as a warning to them to be more selective when choosing stocks. Investing aside, the quote is also a useful self-leadership tip for the rest of us struggling to effectively manage our businesses and work lives.