Warren Buffet: Advice to Students
Posted by Orrin Woodward on January 7, 2015
Warren Buffet is one of the wealthiest people in the world. He created his wealth through wise investment. Recently, I read an interview Warren Buffet did with CNBC. Not surprisingly, his advice is spot on for helping people get out of the Financial Matrix:
CNBC: “What is the one thing that young people should be doing about money?”
Buffett: “I tell them two things, generally. One is stay away from credit cards… The second thing I tell them is to invest in themselves.”
In a nutshell, his advice breaks out into two categories. 1) Live Debt-Free and 2) Invest in Yourself. This is exactly what LIFE Leadership teaches. First, learn the Defense of finances to get out of debt and then invest the savings to go on Offense in the number one asset you have, namely, yourself. YOU, in other words, are the greatest return on investment plan possible.
Unfortunately, although this is consistently followed by those who accumulate wealth and honors, most people do not follow Warren Buffet’s time-proven advice. This, in fact, is why the Founders of LIFE created the Financial Fitness Program – to help people hold themselves accountable to learn the defense, offense, and playing field (Financial Matrix) of finances. Indeed, associating with like-minded LIFE Leadership community members is vital to help a person wipe out debt (Defense) and use the increased cash flow to invest in further personal development (Offense). Great financial results, in sum, can only be accomplished by mastering both the Defense and Offense.
In another interview, Business Insider asked Warren Buffet about the student loan bubble and he answered:
The best education you can get is investing in yourself. But this doesn’t always mean college or university. I have two degrees but I don’t have them on my wall, in fact I don’t even know where they are. I used to be afraid of public speaking, and I realized that I have to do that someday. I do have one diploma I display from Dale Carnegie’s Public Speaking Course and it only cost me $100.
Hmmm. It seems to me that Warren Buffet values a good return on investment and the two factors in the equation are the cost and quality of the education. In both categories, LIFE Leadership is at the front of the pack. High quality and low cost leads is what has made our Financial Fitness Program (under 100 dollars) the best selling product in our portfolio of leadership materials.
The Financial Matrix is real and a person can only set themselves free by learning the defense, offense, and playing field of finances. Perhaps 2015 is the time to take Warren Buffet’s advice to set yourself free. 🙂