Avoid Debt

Warren Buffet built his wealth by getting interests to work for him.

  • Many people fail because of liquor and borrowed money. You can make a lot of money without borrowing.
  • Avoid credit cards, because the interest rates are very high on them. “Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent, I’d be broke.”

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