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Hes not into get-rich-quick schemes, though hes more into down-to-earth wisdom and advice.
That said, his advice is very good and something we can all learn from.
Because he knows the value of a dollar.
Heres a mind-blowing stat for you: 78% of Americans live paycheck to paycheck.
Plan your income and expenses, no matter how much you earn.
Oh, and credit cards?
Buffetts not a fan.
He suggests cutting out your credit card debt first if it’s possible for you to.
Buffett says you dont need to be a genius to invest.
You just need to be smart about it.
Dont let your savings sit idle.
If you do, inflation will check that its worth way less when its time to retire.
Consider moving your savings into ahigh-yield savings account.
But if you really want to grow your wealth, look into dividend stocks.
you might start with as little as $100.
Just remember, cut back on those nights out and fancy gadgets.
Your money cant work for you if youre spending it all on appetizers and the latest iPhone.
Well, Buffett believes that.
He thinks you should surround yourself with people who are better than you.
Take his partnership with Charlie Munger, for example.
Thats nearly double the pace of the S&P 500 Index.
Fill your circle with excellent peers, advisors and investment powerhouses including advice from Buffett himself!
Buffet wants you to make yourself indispensable.
Companies are always reluctant to let go of adaptable, multi-skilled employees, especially duringtough economic times.
Think Value and Think Long-Term
Last but definitely not least, Buffetts all about value investing.
Find undervalued companies, invest in them, and wait.
Over time, the market usually recognizes their true value, and boom your investment grows.
But heres the key you have to think long-term.
As Buffett says, Stocks are very safe for the long run and very unsafe for tomorrow.
Thinking long-term has tons of benefits.
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