Think of Investing as a Long-Term Strategy
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e believe Berkshire’s individual holders largely to be of the once-a-saver, always-a-saver variety. Though these people live well, they eventually dispense most of their funds to philanthropic organizations. These, in turn, redistribute the funds by expenditures intended to improve the lives of a great many people who are unrelated to the original benefactor. Sometimes, the results have been spectacular.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
WARREN BUFFETT’S A FRUGAL BILLIONAIRE! – WHAT IS YOUR EXCUSE AGAIN?
In Bill and Melinda Gates’ 2017 annual letter, Bill recalled a trip he took with the investor, during which Buffett paid for their fast-food lunch using coupons. He even provided photographic proof of this.
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INVESTMENTS , MENTORS
HENRY SINGLETON – THE SMARTEST MAN CHARLIE MUNGER {WARREN BUFFETT’S PAL AND PARTNER} EVER MET! – A RAINBOW OF ROLE MODELS {WEDNESDAY SERIES}
After spending 44 professional years with the Oracle of Omaha, one would think that Munger’s first choice for the most intelligent person he’s ever met would be Buffett. WRONG!
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Identifying CEOs whose recent actions have left their companies stronger and more competitive. We found two dozen standouts.’
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FINANCIAL LITERACY , RETIREMENT
SOCIAL SECURITY COVERS ABOUT 40% OF YOUR RETIREMENT NEEDS – LET’S GET TO WORK AND CLOSE ANY GAPS!
An average American can expect Social Security to replace about 40% of pre-retirement wages
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
IF IN A RECESSION, IS IT SAFE TO INVEST IN THE STOCK MARKET? WARREN BUFFETT’S ADVICE!
During a market downturn, stock prices are often much lower. Even the highest-priced stocks are heavily discounted right now, with some of them down 40%, 50%, 60%, or more. If you're looking for a chance to buy high-quality investments for a bargain, now is a fantastic time to invest.
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FINANCIAL LITERACY , INVESTMENTS , MENTORS , SAVINGS
PEOPLE USING 4TH GRADE STRATEGY, {HINT- WARREN BUFFETT, ELON MUSK, ETC.} ARE MORE LIKLEY TO BECOME WEALTHY!
Results show that people who were more numerate had higher income, more education, and greater verbal intelligence. Numeracy was also related to greater income satisfaction and greater life satisfaction.
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FINANCIAL LITERACY , INVESTMENTS , SAVINGS
$1,000+ CAR PAYMENTS LOOK MORE LIKE RENT/MORTGAGE PAYMENTS!
What if instead you buy a used or less expensive car and keep your costs under $500.00/month. Next, deposit the saved $500 monthly in your ROTH IRA, investing in an S&P 500 ETF index. Let’s look at three good options:
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A $400,000 mortgage payment at three percent is ~$1,686.42 per month. That same mortgage costs ~$2,398.20 per month at six percent interest. The doubling of the mortgage interest rate increases the payment by $711.78 EVERY MONTH, or a 42.21% increase. The average American family cannot afford that significant increase.
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