Warren Buffett might have billions of dollars to his name, but unlike other celebrities and financial gurus, he prefers to live life simply.
The investing icon practices what he preaches when it comes to financial discipline, saving and paying off debt.
That pays off during times of financial trouble like this. Consider what Buffett had to say during Berkshire Hathaway’s annual shareholder meeting in May, when he acknowledged inflation was already one of the economy’s biggest problems.
Asked whether inflation “swindles equity investors,” he replied: “Inflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.”
When one of the world’s most successful investors says it’s hard to come out on top in an environment like this, it’s probably a good