Who wouldn’t listen if Warren Buffet is giving Money Advice?
Most of these are Money 101 class rules. However, we always need a review for the test of life…
Warren Buffett is a hugely successful investor, and his tips for investing are surprisingly accessible. Most of his methods are simple, straightforward and timeless. Here’s some of Buffett’s best money advice.
Buffett warns against excessive borrowing. Credit card debt or unnecessary loans can quickly get you into lots of financial trouble. I’ve seen more people fail because of liquor and leverage—leverage being borrowed money. You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.
Pay Yourself First
Don’t Underestimate Your Habits
Break the Paycheck to Paycheck Cycle
Price and Value are Not the Same Thing
Investing is Easier Than You Think
Money Isn’t Everything
Money offers a lot of options. But, of course, it’s important to remember the things in life that truly matter most.
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Don’t save what is left after spending; spend what is left after saving.
Much of personal finance is about mindset. Accepting this will help you nip those bad habits in the bud, before they get out of hand.