How to Stay Out of Debt: Warren Buffett

  • Published 6 years ago
  • 5.9

Self-made millionaire Warren Buffet knows a thing or two about investments and debt. With a net worth of $63 billion, he is among the top 10 richest people in the world.

Buffet made his fortune with smart investments, and he is always willing to share his knowledge with young people and future investors.

The documentary is a video of Buffet’s speech in front of Nebraska students in 1999, and even now, his words and tips still apply in the economy we live in.

Buffet mentions three pillars and three qualities he looks when he hires people. Those integrity, intelligence and energy. And according to the billionaire, integrity is probably the most important. Because you cannot always throw the ball as high as someone else, but if you have integrity, and you match it with your energy and intelligence, something good will happen.

Buffet tries to lecture young people and future generations how to stay out of debt, and how to make smart financial decisions. Suffice to say, everyone can learn a thing or two from Buffet. And staying out of debt is more than just “spending as much as you earn, and never spend more than you earn”.

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