Thursday, March 6, 2014
7 Best Money Tips from Warren Buffett
Chances are, you know who Warren Buffett is. He’s one of the richest men in the world, and he’s famous for his ability to spot a good investment. He’s also a famous penny pincher who makes it a point to get good value for whatever it is he buys. He also famously gave one of the best pieces of investment advice out there when he suggested that the time to buy is when everyone else is fearful.
Recently, Buffett signed on to voice an animated version of himself in a financial literacy show aimed at children, “Secret Millionaires Club.” Buffett spoke with Yahoo! Finance about money, and the show, and financial education in general. Here are some of my favorite pieces of advice from the piece, with my own thoughts added:
The best investment you can make, is an investment in yourself.The more you learn, the more you’ll earn.Learn to Spend Less than You HaveGreat partnerships make any job easier.Don’t Borrow without a Plan to Pay it Back
Save for the UnexpectedLearn from your mistakes, and the mistakes of others.