Warren Buffett is well-known for being frugal and encouraging others to do so. He’s lived in the same house he bought when he was 28 for a mere $31,500 to date. Being frugal and conservative with your spending helps you avoid waste. And when you avoid waste, you make your money work for you and save enough to invest for the future.
“If you buy things you do not need, soon you will have to sell things you need.”
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CURATED FROM
10 Powerful Lessons Everyone can Learn from Warren Buffett for Business Success
lifehack.org
10 ideas
·395 reads
IDEAS CURATED BY
Stasher, Learner, Civil Engineer, Oil & Gas Professional, Green Tech Researcher.
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to manage risk
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The importance of long-term planning
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Similar ideas to 5. Exercise vigilance over every expense and spending.
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.
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