The investor released these incredible financial tips. I know the details.
Warren Buffettat 94 years old and with a fortune of more than US$ 133,000 million, is considered a “living oracle”. The CEO of Berkshire Hathaway showed that, in addition to being a genius in business, he is a innate educator, who seeks to transmit his knowledge to the youngest.
Over the years, he has given certain triggers in interviews that help raise awareness about a financial education. Know which ones you consider unnecessary expenses.
Warren Buffett
These are unnecessary expenses, according to Warren Buffet
- New cars: The tycoon considers it a bad expense because it depreciates quickly. Instead, it is preferable to buy used cars.
- Technological gadgets: Buffet doesn’t find it necessary to spend money on the latest technology. In fact, until 2020 it used a foldable phone.
- Bets: Gambling is an unnecessary expense that only benefits those who operate casinos or lotteries. In an interview he called these activities a “tax on ignorance.”
- Market trends: The tycoon commented that many investors decide to invest in fads or overvalued assets due to their momentary popularity, but in reality it is better to invest based on the real value of the asset.
- Unnecessary things: One of his famous phrases is “If you buy things you don’t need, you will soon have to sell things you do need.”
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
