I hope you know Warren Buffett. If not, then you will never earn respect in the financial sphere, because they idolize him there. And for a reason. Warren Buffett is one of the richest people in the world who made his fortune through investments. In his book, he gave some tips that are quite simple and useful. We will not say that they will help you earn millions, simply because no one can earn you millions except yourself.
But these tips will help you understand the essence of money and learn the thoughts of a man who, thanks to his mind, became a billionaire. So, here they are.
I've seen a lot of people fail because of alcohol. But no less have I seen people who went bankrupt due to excessive craving for loans. If you are smart enough, you can make money without loans.
If you want to learn how to save money, use this rule:
Don't try to save money after you've spent it. Postpone them immediately.
Simple and banal, but effective. Suppose you have enough income to cover basic needs and you want to start saving money. Set aside the required amount of money to pay bills and needs, then set aside the amount with which you want to start your savings. Everything else you can spend.
This rule will help you finally pull yourself together and start saving money. Once you start doing this, there will be no turning back and it will become much easier for you to save the required amount every month.
Once upon a time I came across an interesting math. Imagine an ordinary girl working in an office. Every day she goes out for lunch at a nearby cafe and buys a latte and a bun there. Let's assume that she spends 200 rubles on this. And now let's count. For a week she will spend 1,000 rubles, for a month — 4,000 rubles, and for a year — 48,000 rubles. You can save almost 50,000 rubles by giving up the simple habit of drinking coffee with a bun at lunchtime. I'm not even talking about the number of calories she won't eat either.
If you want to change your habits, the best way is to just stop doing them. Learn to understand your priorities and move in the right direction.
Buffett — is an incredibly economical and moderate person in his needs. Its economy is determined by the value of the product. Here 's what he says about it:
A long time ago, Ben Graham told me that the price is what you pay, and the value is what you get. It doesn't matter if we're talking about socks or stocks, I like to buy when the price is as low as possible.
However, being economical does not mean buying everything on the cheap. But this also does not mean that you need to buy valuable things for a lot of money. In other words:
It's better to buy an incredible company at an ordinary price than an ordinary company at an incredible price.
If you want to become more economical, next time pay attention not only to the price. The value of the product is also very important to you.
Here is a rule that is not so easy to find in investment textbooks:
If you invest in an index fund in small parts for 10 years, you will be in a better situation than those who invest at the same time, but all at once.
According to Buffett, investing is very simple. Here are some tips on where to start investing:
It would be great if those who have experience in investing would share their opinion in the comments about how useful this information is for our countries.
If you don't plan to hold the shares for 10 years, don't try to buy them even for 10 minutes. Collect a portfolio of companies whose value has been growing in recent years. And only on the basis of this portfolio make conclusions about the purchase of shares.
If you have already bought shares of the company, Buffett advises not to look at their value every day. Save your nerves. Many famous investors buy stocks and forget about them for a while. We are not billionaires, so it will be hard to forget about the money invested, but it is also stupid to waste your nerves on a minute-by-minute update of the summary.
It's easy for him to talk. He's a billionaire.
In his interview, Buffett said that he was pleased to fly on a private plane, but having a dozen houses is already a burden. In addition, according to Buffett, there are two most valuable assets in his life: his health and friends with whom he has been friends for a long time. Money gives a lot, but do not forget that there are many important things in life without it.
