7 Simple Pieces of Advice From Warren Buffett That Any Investor Can Use

Last updated Aug. 12, 2022 | By FinanceBuzz Editors
warren buffett quotes

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Warren Buffett is one of the country's most well-known and most-respected investors. His success speaks for itself — he has a net worth of over $80 billion and is one of the richest people in the world.

But, Buffett isn't flashy or arrogant about his wealth. In fact he still lives in the same home in Omaha, Nebraska that he bought in 1958 for just $31,500 and is known to eat out at McDonald's several times a week.

One thing he's definitely not stingy about: giving advice to new investors. Buffett is very open about how he built his wealth and has shared many notable quotes over the years. Through these quotes, you can not only learn how he built his wealth, but also get ideas for how you can build your own.

This is not investment advice, be sure to do your own research if you're going to invest.

"You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ."

If you've put off investing because you're intimidated, take heed of this first Buffett quote. Investing in the stock market doesn't take brains as much as it takes patience.

Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more 1 .

Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 to get started with Stash.

If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way.

As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio. 2

Want even more tools and guidance? If you choose the Stash+ plan 3 when signing up, you can earn 2x stock rewards when you spend on eligible purchases! 4

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“Don’t save what is left after spending; spend what is left after saving.”

Ever look at your bank account and wonder where this month's paycheck went? Poof, it's gone and you're not exactly sure where you spent it. Learning to be intentional with what you spend and what you save can help you grow your net worth.

A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop throwing money away on unimportant things.

Once you have a complete picture of your finances, it's easy to see ways to save. And Truebill can help make those potential savings a reality. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs. Truebill users save $720/year on average.

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“If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes.”

Buffett didn't make his money day trading. He's a proponent of long-term investments and champions investing in S&P 500 index funds. The great thing about index funds and ETFs is that you don't need to do a ton of research into individual stocks or pay a bunch of trading fees.

M1 offers intelligent automation to help you smartly invest in their portfolio of stocks and ETFs for free. You can take advantage of fractional shares and automated contributions to keep your portfolio on track.

If you're already investing, you can transfer your investment account to M1 and pocket up to $2,500 as a transfer bonus. You'll need to complete your transfer in the first 60 days, but it only takes 4 minutes to set up your transfer! You'll join the 150,000 investors who trust M1 to manage their money.

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“I’m not interested in cars and my goal is not to make people envious. Don’t confuse the cost of living with the standard of living.”

If your name isn't "Warren Buffett" saving money can be tough. It's tempting to spend on today's wants versus tomorrow's goals.

If you need a little help prioritizing saving, consider Digit. It's like your smart financial assistant, dedicated to helping you achieve your financial goals. Just tell Digit what your goal is — maybe it's paying off credit card debt, saving for a vacation, or finally building that emergency fund — then let their sophisticated algorithms do the rest.

Digit will analyze your spending habits then automatically move the perfect amount to your secure Digit account. You'll start saving without even thinking about it or changing your lifestyle.

Digit has already helped its users save over $2.5 billion dollars!

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“The most important investment you can make is in yourself.”

One of the best investments you can make is to invest in yourself. Taking time to improve yourself will pay off for many years to come. Many of the most successful people consider themselves to be life-long learners.

With MasterClass, you can take classes from world-renowned experts in their fields. We're talking best of the best: Learn biz strategy from Bob Iger, how to negotiate from Chris Voss, writing from James Patterson and Margaret Atwood, even tennis from Serena Williams.

You'll have access to over 80 instructors who are the best in the world at what they do. They'll share their stories, skills, shortcuts, failures, and successes with you. They might even give you feedback on your work.

Classes are online so you can learn anytime and anywhere. You set the pace so take as many lessons as you want.

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“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”

All investments come with risk, but if you're willing to take some risk, you could see your money grow faster than it would sitting in a bank account.

If you want to invest, Robinhood is a great option for both new traders and seasoned investors.

With Robinhood it’s completely free to buy and trade stocks, options, cryptocurrencies, and ETFs (a Buffett favorite). All trading is commission-free with no account minimums or maintenance fees. They’ll even give you a free stock in a company like Apple, Sprint or Ford.

Sign up using the link below and Robinhood will add 1 free share of stock (valued at $2.50 to $200) to your account when your brokerage application is approved.

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“Price is what you pay. Value is what you get.”

Buffett might have been talking about stocks when he said this, but this quote reminded us of a hugely important investment that is sometimes overlooked. For a small price, you can get huge value: peace of mind.

Life insurance is an essential purchase if you currently have anyone who depends on you or if you plan to have a family in the future. By getting insurance, you can help make sure your family doesn't suffer financially if something happens to you. A policy could help you make sure your spouse can pay off your mortgage, your kids can pay for college, or your aging parents can get help from a professional caregiver if you aren't there to assist them.

Buying life insurance doesn't have to be difficult. Bestow allows you to apply for a policy online in just five minutes. You won't need to worry about a doctor's visit or doing tons of paperwork, and policies start at just $8 per month. Shop for coverage today with Bestow so you can help protect your family.

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Stash Benefits

  • Get $10 to make your first investment
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