Save money with these 6 tips from billionaire Warren Buffet

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Warren Buffett is an American investor and businessman. Nicknamed the “Oracle of Omaha”, he is one of the richest people the world has known since the 16th century. In March 2008, with a fortune of 65 billion American dollars, he was considered the richest man in the world, according to Forbes magazine’s annual ranking system. In 2016, Forbes estimated his fortune at 65.9 billion American dollars, putting him third on the list of world billionaires. It is safe to say that he knows a thing or two about money management, and this is why we have 6 of his top tips to help you save money! 

1) Income

“Never depend on single income. Make investment to create a second source.”

2) Spending

“If you buy things you do not need, soon will will need to sell things you need.”

3) Saving

“Do not save what is left after spending; instead spend what is left after saving.”

Pete Souza / Wikimedia Commons

4) Taking risks

“Never test the depth of a river with both the feet.”

5) Investing

“Someone’s sitting in the shade today because someone planted a tree a long time ago.”

6) expectations

Honesty is a very expensive gift. Don’t expect it from cheap people.”

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