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His advice is certainly worth listening to, especially if it helps you avoid making money mistakes.
According to Buffett, here are 10 things poor people waste money on andwhat he does instead.
According to Inc., Buffett recommends reading.
If youre investing in something other than yourself right now, it might be time to rethink your strategy.
Credit Card Debt
Buffett is also very against credit card debt.
He prefers to rely on cash instead of using a credit card.
Ive got an American Express card, which I got in 1964, Buffett told Yahoo Finance.
But I pay cash 98% of the time.
Buffett wont invest in something just because its cheap.
Although hes talking about investing in businesses, this can be applied to everyday life.
Unnecessary Spending
Buffett doesnt care about having thelatest technology ordesigner labels.
New Cars
Cars are depreciating assets.
So instead of buying a new car, Buffett prefers to buy used vehicles at reduced prices.
Full-Price Purchases
Even Warren Buffett looks for good deals.
Remember the laugh we had when we traveled together to Hong Kong and decided to get lunch at McDonalds?
You offered to pay, dug into your pocket, and pulled out … coupons!
Gates wrote in his and now-ex-wife Melindas 2017 annual letter.
Melinda just found this photo of me and the big spender.
Regular Nights Out
Buffett has avery simple dietand doesnt like to go out much.
I could eat a ham sandwich every day for fifty days in a row for breakfast, Mashed reported.
He also looked for new opportunities, and when he couldnt find any, hed create them.
If you have extra money, dont waste it on gambling.
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