You don’t know Buffett’s financial management methods, right?

Imagine waking up every day to find the numbers in your bank account growing quietly, even in your dreams.

Money is also working for you – this is the magic of compound interest, and it is also the secret path to financial freedom! Do you also dream of having such “sleep income”?

Don’t worry, let’s talk about it today.

How can ordinary people use compound interest thinking to accumulate wealth step by step like Buffett and make their lives more exciting!

01

Buffett has five super practical tips for saving money:
✅He has been living in an old house that he bought more than 60 years ago, which cost him more than 30,000 US dollars at that time. He is really very discerning and thrifty!
✅He has a Cadillac, which he has been driving for 8 years. He only changed to a new car when he couldn’t drive it anymore. He is really a thrifty master!
✅He often wears a simple T-shirt when he goes out. He doesn’t pursue famous brands, but just wants to be comfortable. He is really down-to-earth!
✅He never has to borrow money to invest, and he makes money steadily. He is really smart and safe!
✅He didn’t use a smartphone until 2020. He is not in a hurry to follow the trend. It is economical and practical!
Alas, there are very few people who can do these five things like Buffett!
As we often say, every self-made rich person has saved every penny!

02

Buffett has a very practical suggestion, which is not to spend money first and then think about saving money, but to do the opposite, save money first and then spend it.
He told us that we should calculate it like this: the money you earn minus the money you want to save, the remaining is what you can spend.
For example, if you earn 3,000 yuan a month and want to save 1,000 yuan, then you can only spend 2,000 yuan a month.
Although saving money is important, if your salary does not increase, you will not get rich just by saving money.
Therefore, improving your ability to make money is the key. Buffett said that no matter when, if you have the ability, money will not depreciate against you.