Warren Buffett is the most successful investor in the world, and he’s also one of the world’s s wealthiest person. Surely we can learn from his insights and sage advice. The Motley Fool collected some of the best pieces of personal finance advice Warren Buffett has ever given. Here are the 5 best money tips from Warren Buffett:
- Avoid debt: “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.”
- Invest in yourself: “Anything you do to improve your own talents and make yourself more valuable will get paid off in terms of appropriate real purchasing power.”
- Learn about personal finance: Keep on reading. “That’s how knowledge builds up, like compound interest.”
- Trust a low-cost index fund: “If you invested in a very low-cost index fund — where you don’t put the money in at one time but average in over 10 years — you’ll do better than 90% of people who start investing at the same time.”
- View money as a long-term game: “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
(fool.com)