Two Rules of Money from Warren Buffet
Very Important!
In every investment that you make, you must do it wisely. Don't just go into something with your money because of hype. Do your research prior to any financial investment and know exactly what you're getting yourself into. If you make an investment without any prior knowledge of the investment, you may as well just drive down the street and throw your money out of the window.
You can always make more money, but it still hurts to lose it. So never lose money!
Actually, you may lose money in business if you want to be a billionaire in your thirties, but if you want to be a billionaire in your fifties, then you should protect your every single cent.
Of course, in business and investments, it's all about risk management. But in the event of money loss, it's important to recover and advance. It's the concept of "1 step back, but 2 steps forward."
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You’re welcome, you have a nice blog by the way.
Thank you :) I actually really like what you said in the first comment about being a billionaire in your thirties. If one wants to make money, one must first come to terms with the fact money needs to be invested first.
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Thank you! Much appreciated :D
Pleasure is all mine