15 Things POOR People Waste Their MONEY On! By Warren Buffett

In this video, we will share 14 areas in which poor people tend to waste their money on as per Warren Buffett. The objective of the video is to provide practical advice, so that you reflect if you make any of these mistakes, you can correct and improve your personal finances.

In this eye-opening video, Warren Buffett reveals the 15 common spending mistakes that poor people make. From excessive luxury purchases to failing to invest in their future, this video will make you question your own financial choices.

1) Think 10 years, not 10 minutes. Invest like the market's closed.
2) Understand the business, not just the stock. You're buying a company, not a ticker symbol.
3) Seek enduring advantages. Moats, not fads, create lasting value.
4) Quality + Price = Winning Formula. Great businesses at fair prices beat fair ones at great prices.
5) Know your limits. Define what you don't know, not just what you do.
6) Be greedy when others fear, fearful when others are greedy. Buy low, sell high, not the other way around.
7) Seize opportunities, but be patient. Don't miss gold rain, but wait for the right bucket.
8) It's ok to sit on the sidelines if nothing shines. Cash is king when stocks are overpriced.
9) Market dips? Investor gain! Think long-term, not short-term headlines.
10) Admit mistakes and move on. Digging deeper won't fix a bad hole.
11) Invest in yourself. It's your best asset. Knowledge and skills compound over time.
12) Never lose money (and remember rule #1). Simple, but the hardest rule to follow.

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

#FinancialEducation #TheMoneyMap #Investment2024 #WarrenBuffet #FinancialFreedom

[Theartofhappytravels]

Great video! Lots of good info. I would add one more and that is not to pay the minimum on debt. Unless you are placing all your money in paying off one while maintaining the others. In the long run, you pay a lot more interest and have less financial flexibility.

[Historyteacheraz]

Good insights in this video. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a good book for new investors.

[Laugh-till-u-cry]

People that are in poverty ain’t there because they waste money there in poverty because they ain’t got money

[wolfpackflt]

I would not ever use Elon as an example to making money.

[davidtiger]

I can name countless of motivational videos for poor people. 90% of videos content they provide advice
been using those business man u just mentioned. Its ugly and cheap.
There are millions and millions of talented people you could have mentioned. And by the way those personalities u choose have never worked on their own with their own struggling. And u are one of the million who is using copy and past and hope that now money will role in to your account.
Don't forget to unsubscribe! Let keep youtube clean and authentic.

[sbm]

Lost interest after mentioning Elon and Bezos