In light of the recent fiscal crisis, many are looking for practical ways to put their personal financial house in order.
Billionaire Warren Buffett is candid about what he believes to be some of the smartest ways to improve one’s economic situation:
- First and foremost, stay out of debt – especially credit card debt.
- If you have savings, buy index funds every month.
- Don’t put all your stock in financial advisors’ advice.
- Look at the long-term performance of the stock market rather than dancing in and out based on daily or weekly fluctuations.