Personal Finance Tips from Billionaires - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 8 ideas

Personal Finance Tips from Billionaires

mint.com

Start Now

The sooner you start managing, saving, and investing your money, however limited, the better off you'll be as long as you avoid mistakes like investing everything into one stock. That’s the advice of Carlos Slim Helú.

He is a Mexican businessman who was ranked as the richest p...

4

STASHED IN:

343

Oprah Winfrey

"You become what you believe. You are where you are today in your life based on everything you have believed."

2

STASHED IN:

266

Christopher Paul Gardner

“… the secret to success: find something you love to do so much, you can't wait for the sun to rise to do it all over again."

2

STASHED IN:

298

Find Your Passion

By doing something you love you are more motivated to put the time and effort it takes to succeed and may even develop a new business out of it. That’s the advice of Christopher Paul Gardner. Gardner is nowa millionaire, but he was a homeless single father for a time.

3

STASHED IN:

240

You Don't Have to Game the System

Learning how the system works and avoiding the major pitfalls is often enough to succeed. It’s slow but it’s safe and it’s also the advice of billionaire Warren Buffett.

Buffett made his investment fortune on the fundamentals: focusing on companies with strong annual cash flow, and c...

4

STASHED IN:

282

Simplify Your Life

Constantly pursuing things you don't need puts you on a financial treadmill, not an upward escalator.

Warren Buffett lives in a house he bought in 1957 for $31,500. Carlos Slim has lived in the same house for more than 40 years.

4

STASHED IN:

270

Walking and Taking Public Transport

There is nothing to be ashamed of in taking the public transport and walking. It's easy on the bank account, and better for the environment. Protect yourself and your money by not falling prey to meaningless social pressures or vanity.

A few billionaires like John Caudw...

STASHED IN:

230

Cars Are Consumer Goods

Don't buy a car just for the status it allegedly brings. It’s an object designed to transport you in safety and reasonable comfort, acting otherwise leads to money waste.

Ingvar Kamprad of Ikea drives a 10-year-old Volvo, and Walmart billionaire Jim Walton drives a 15-year-old pickup...

4

STASHED IN:

240

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: