Warren Buffet on Personal Finance

January 5, 2012 11:52pm
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I found myself stumbling across several clips of this Yahoo! interview with billionaire Warren Buffet from last summer, and I liked this one in particular because it’s some very good, very simple advice on how to manage your own money…

Of course, the sad truth is that most Americans will carry one type of debt or another their entire life. I’m no stranger to that – lately it seems that just as we pay off one bill, another something swoops in to take its place … but it’s still a fantastic thing to keep in mind because as much as we want to pretend that we’re investing in our future by pumping money into retirement accounts instead of paying off debts first, it just seems silly to get excited about making 8-10% in the future when you’re paying 18-24% in interest for any outstanding credit card debts today!

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