Financial Tips from Warren Buffett

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.
Advertisements

About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
This entry was posted in Debt, Personal Finance, YouTube and tagged , , , , , , . Bookmark the permalink.