Learn more about moneyandinvestments with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
WARREN BUFFETT
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MORE IDEAS ON THIS
Price and Value are Not the Same Thing
Warren Buffet is known for his frugality. Frugality isn't about buying anything at a low price - it is about buying value at a low price.
The key is not just to look at the price, but to keep value in mind, too.
1.03K
3.83K reads
Invest Long-Term
Warren Buffet's index fund investing strategy is to "set it and forget it" and not to get caught up in daily valuations.
Don't think about owning stock if you aren't willing to hold it for then years. Buffet suggests looking at the big picture when you pick your i...
970
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"Some material things make my life more enjoyable; many, however, would not. I like having an expensive private plane, but owning a half-dozen homes would be a burden. Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is inter...
WARREN BUFFETT
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Don't Underestimate Your Money Habits
Many people fall into bad money habits and don't realize it until their habits become hard to manage.
If you want to change your habit, start by breaking it down. Understand your cue, reward, and routine, then use it to break the cycle of your habit.
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Pay Yourself First
Prioritise your savings, not saving what is left after spending.
When budgeting, consider what is necessary to cover your basic needs, then figure out how much you want to save. The leftover is spending money. If it helps, think of your savings and investments as a monthl...
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Borrow Wisely
Warren Buffett advises against excessive borrowing, such as credit card debt or unnecessary loans.
Some experts divide borrowing money into "good debt" and "bad debt."
- Good debt is investing in your long-term future, such as a mortgage or student loan. Ideall...
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Investing is Easier Than You Think
According to Warren Buffet, if you invest in a very low-cost index fund over time, you'll do better than 90% of people who start investing at the same time. To start, Buffet advises to put 10% of the cash in short-term government bonds, and 90% in a very low-cost S&P 500 index fund.
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Break the Paycheck to Paycheck Cycle
Trying to patch up financial issues that are causing you to live from paycheck to paycheck can keep the cycle going, such as payday loans, and hardship withdrawals from your retirement account. It may get you out of immediate trouble but will set you up for eventual failure.
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Other curated ideas on this topic:
High Value at a Low Price
- Price = what you pay.
- Value = what you get.
You lose money when the price you pay does not match the value you're getting. For example, when you're paying high interest on credit card debt or spending on stuff you hardly use.
...Myth: Cheaper Is Better
Purchasing less expensive items could also mean buying lesser quality, meaning you will have to buy the same article more often.
Knowing how long something should last versus how much you'd like to pay, can balance quality and price.
WARREN BUFFETT
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