I am a big fan of Warren Buffet. However, being a fan doesn’t mean I agree with everything he does or with all of his beliefs. I do admit that he is knowledgeable about investing. It has been stated that “he invests long-term and understands what he invests in”. It is essential that with anything you do or anything you put your money towards you understand. Many homeowner signed mortgage loans and didn’t understand what they were getting in to. As a result they foreclosed on their homes.
LouAnn Lofton wrote a book entitled, “Warren Buffet Invests Like a Girl”. Well, if he does, then all men need to follow his advice too. I think Warren Buffet is a great investor who doesn’t get emotional about investing. His investing is very strategic which was displayed when he bought shares of Goldman Sachs in 2008 for $5 million which made his company Berkshire Hathaway millions. Here is some background information on Buffet:
1. Carried golf clubs at age 9 for $3 a day
2. Bought his first share at age 11
3. Sold used golf balls from age 11-13 and sold newspapers at age 13
4. Bought a small farm which was 40 acres at age 14 with savings from delivering newspapers
5. Rented out used pinballs machines at age 16 making $50 a week
6. Bought Berkshire Hathaway in 1962
7. Bought stock in Coca-Cola, Disney, McDonalds, Gillette, American Express and Dairy Queen
8. Follows 6 Principles: 1) keep it simple, 2) be an investor not a trader, 3) find outstanding business, 4) make your own decisions, 5) leave a margin of safety, 6) Rule 1: never lose money, Rule 2: never forget rule #1, focus on strengths.
9. Still lives in the same small 3-bedroom house in Omaha that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
10. Don't buy more than what you "really need" and encourage your children to do and think the same
11. Drives his own car everywhere and does not have a driver or security
12. You are what you are
13. Never travels by private jet, although he owns the world's largest private jet company
14. Always think how you can accomplish things economically
15. His company, Berkshire Hathaway, owns 63 companies.
16. Does not socialize with the high society crowd. After he gets home is to make himself some popcorn and watch television.
17. Don't try to show off, just be yourself and do what you enjoy doing
18. Does not carry a cell phone and does not have a computer on his desk
19. Stay away from credit cards (bank loans) and invest in yourself
20. Money doesn't create man but it is the man who created money
21. Live your life as simple as you are
22. Don't do what others say, just listen them, but do what you feel good
23. Don't go on brand name; just wear those things in which you feel comfortable
24. Don't waste your money on unnecessary things; just spend money on those who are really in need
Do you still think Buffet invests like a girl? Let me know your feedback.
Showing posts with label saving. Show all posts
Showing posts with label saving. Show all posts
Tuesday, July 19, 2011
Saturday, January 22, 2011
Saving is the New 20
Being sexy can be summarized in 3 main areas: attitude, confidence and image. Attitude relates to your views on life, usually an optimistic person who can take criticism well and always remains positive. Confidence is how you feel about yourself no matter what someone else says about you or does to you. Image is the physical appearance of a person, their smile, their teeth, their hair, their walk, their laugh, their face, their body, how they dress, how they smell.
According to a study by ING 61% of the men that participated in the survey feel that women who are frugal are smart and sexy. Cash is king and having a savings account makes you more attractive and appealing. When you are in debt and have bad credit is it hard to focus on anything else and if you do, you can’t give it your all because of your financial problems especially when it comes to relationships.
When you go on dates or out with your boyfriend or girlfriend your conversations will somehow always lead to discussing your financial problems. The lack of a savings account or retirement account may cause you to stay in a relationship longer than you have to or stay at a job longer that you would like because you are living paycheck to paycheck. If you are out on a date and have financial problems you might slip up and make statements like “I wish I had someone to help me pay my bills” or “I wish I had a man to take care of me” which may be a turnoff especially on a first date.
When you start saving you see your money grow which is a great feeling. When you start paying down your debt you feel like a burden has been lifted off of your shoulders and you can begin creating long-term financial goals such as planning for retirement, starting a business or planning for your children’s college education. Saving money also helps to pay for unexpected expenses and prevents you from going into debt. Saving money and have good spending habits is an appealing quality in a mate.
If you don’t feel sexy try to make yourself more appealing by working hard to save money, fix bad credit and set financial goals. Saving is smart. Investing is smarter. Good credit is smart and sexy. Saving the environment is sexy. Saving is sexy.
According to a study by ING 61% of the men that participated in the survey feel that women who are frugal are smart and sexy. Cash is king and having a savings account makes you more attractive and appealing. When you are in debt and have bad credit is it hard to focus on anything else and if you do, you can’t give it your all because of your financial problems especially when it comes to relationships.
When you go on dates or out with your boyfriend or girlfriend your conversations will somehow always lead to discussing your financial problems. The lack of a savings account or retirement account may cause you to stay in a relationship longer than you have to or stay at a job longer that you would like because you are living paycheck to paycheck. If you are out on a date and have financial problems you might slip up and make statements like “I wish I had someone to help me pay my bills” or “I wish I had a man to take care of me” which may be a turnoff especially on a first date.
When you start saving you see your money grow which is a great feeling. When you start paying down your debt you feel like a burden has been lifted off of your shoulders and you can begin creating long-term financial goals such as planning for retirement, starting a business or planning for your children’s college education. Saving money also helps to pay for unexpected expenses and prevents you from going into debt. Saving money and have good spending habits is an appealing quality in a mate.
If you don’t feel sexy try to make yourself more appealing by working hard to save money, fix bad credit and set financial goals. Saving is smart. Investing is smarter. Good credit is smart and sexy. Saving the environment is sexy. Saving is sexy.
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