Summary of Warren Buffett : “Stop WASTING Cash” - 10 Things You Need To Stop Buying in 2024
The video discusses 10 things to stop wasting money on in 2024 to live a healthier, wealthier, and happier life. The main financial strategies and trends presented are:
Main Financial Strategies and Trends
- Stop wasting money on banking fees by finding a bank that offers the products you want without fees.
- Avoid extended warranties and extra insurance on large purchases, as they are often a waste of money.
- Stop paying for print newspapers and physical books by accessing free content online or using a library card.
- Avoid paying for storage facilities by selling unused items instead.
- Consider downsizing housing to save on costs and avoid overspending on name brand products.
- Plan purchases during sales times to save money and avoid paying shipping fees.
- Evaluate rewards credit cards to ensure the benefits outweigh the annual fees.
- Cut out convenience fees by avoiding unnecessary expenses like food delivery services and opting for more cost-effective alternatives like public transportation or DIY lawn care.
Presenters or Sources
- Warren Buffett
Notable Quotes
— 04:13 — « Storage is something you need to stop wasting your money on right now., »
— 06:06 — « Decide how much space you really need and save thousands of dollars each year., »
— 06:17 — « Name brand products will cost you about 20% more and skipping them can slash your bill by up to 45%., »
— 09:32 — « Convenience fees due to the global crisis over the past 3 years are unnecessary extras that you should eliminate., »
— 10:57 — « There is a limit to how much money you can save but no limit to how much you can earn.] »
Category
Business and Finance