Hi All,

This post is a follow up from yesterday’s video interview of Warren Buffet on the Charlie Rose show. This interview is actually a bit better than yesterdays because it focuses more on the rise of Berkshire Hathaway and Buffet’s early years. This is especially useful because it outlines how he got his start (e.g. by getting a good education, forming a partnership and buying business).

Its a bit on the long side, so as usual I recommend that you minimize your browser and listen to it in the background. Who knows, you might learn something useful!

The video is below…

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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