Warren Buffet is a renowned entrepenuer, billionaire investor considered by many to be one of the wealthiest business men of our lifetime. He is understandably very intelligent and business saavy as well. What many do not know is that he is one of the most humble and minimalist human beings you could ever meet. His candor and genuine nature is truly admirable.
Here are Warren Buffet’s 3 tips of investing wisdom for new investors:
Tip #1 Invest in yourself
Education is priceless and necessary. Make sure to allocate capital towards your education and personal development
#2 Get out of Cash and get into Assets
Cash is king?! That’s what many people believe but Buffet feels that outside of cash for living expenses, he absolutely prefers to invest and acquire assets that puts his cash to work hard. Cash sitting in your pocket or account is crazy
#3 Invest in cash-flowing, income producing Assets
Warren Buffet would much rather own all the farmland in America rather than all the gold. Gold doesn’t produce income. Real estate provides the opportunity to generate revenue through your asset in addition to more stable and predictable market value
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