With nothing in the bank, I’d use the Warren Buffett approach to building wealth!
fool.co.uk
4 ideas
·1.18K reads
8
Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Key framework to help build wealth
- Focus on your own strengths
- Wait for as long as it takes
- Looking beyond Fads
14
371 reads
Focus on your own strengths
It is crucial to only invest in businesses that you know about. You improve your chances of building wealth if you stick with investment areas that fits your portfolio of expertise.
14
322 reads
Wait for as long as it takes
It is important to go easy on yourself if you miss a good investment opportunity. This is mostly due to an urgent desire to build wealth. But investment is about a long-term stand. So, waiting for a great investment idea is better than passing on a good investment opportunity.
14
257 reads
Looking beyond fads
There are always new schemes to get rich in the market. It is essential not to fall into a short-term moneymaking trap. It is mostly a scam. Therefore, you should diversify in multiple businesses that has positioned themselves with strong customer buying trends.
13
237 reads
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As much I hoard information, I am looking forward to processing the information to express my ideas.
CURATOR'S NOTE
What are Warren Buffett's investment principles?
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