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Warren Buffett is arguably the best-known, most-respected investor of all time. Buffett is also known for his folksy charm and his memorable quotes about the art of investing. When you're aiming to reach the top of the mountain, it's usually wise to closely follow the footprints of those who have successfully made the climb before you. Your odds of investing success can increase exponentially if you learn and apply Buffett's best investing tips. 1. Never Lose Money One of the most popular pieces of Buffett advice is as follows: "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1." If you're working from a loss, it's that much harder to get back to where you started, let alone to earn gains. 2. Get High Value at a Low Price In the 2008 Berkshire Hathaway shareholder letter, Buffett shared another key principle: "Price is what you pay; value is what you get." Losing money can happen when you pay a price that doesn't...

You might have heard this billionaire's name, but who is Mark Cuban and how did he make his money? It's possible you know him as one of the sharks on the hit show "Shark Tank," but Cuban is more than just a TV personality -- he's also the owner of the Dallas Mavericks and a successful investor. In fact, Cuban's companies are so successful that he made his first million in 1990 after selling his business to CompuServe and then earned a $5.9 billion paycheck after he sold his online streaming audio service to Yahoo in 1999. Cuban knows how to be rich and successful, and he isn't afraid to share his insight. Check out Mark Cuban's advice, so you can learn how to budget money and think like a billionaire. 1. Be a Little Bit of a Risk Taker Talk to any self-made millionaires or billionaires and they might preach the importance of taking calculated risks. Sometimes, risks and rewards go hand-in-hand, as Cuban pointed out in a 2017 interview with M...

We may be a country sorely lacking in financial literacy, but we all have one core principle ingrained in us: We must have an emergency savings fund. In theory, it sounds pretty simple: You make a certain amount of income, and set a certain amount of that aside in an account that you only tap into when the going gets especially tough and you need to shell out dough for something like a new car part or a surprise medical bill. But embarking on building a six-month (the recommended amount) emergency fund can be challenging. Where do you begin? With the help of finance experts, we've laid out a multi-step plan of attack. Go In With the Right Mindset "Saving is primarily a mental game that you can win," said Adam Garcia, founder of The Stock Dork. "Setting away even a tiny amount of money on a regular basis can eventually lead you to your objective, no matter how low your starting point is. Time and a little self-control are all that is required." Get a...

Some 117 million Americans — age 50 and up — are arriving in the promised land of post-pandemic spending. It's scary. It's exciting. It's confusing. And, yes, it's different than the world they left. Are the actions that used to be OK pre-pandemic — in terms of spending and saving — still OK? What has changed in the world of personal finance over the past 14 months, since the pandemic got its terrible grip on the nation? If you're an older American, are there specific actions you should be taking right now even as the pandemic clouds start to fade? For some workers in their 50s and 60s who kept their jobs, saving money wasn't necessarily so difficult during the pandemic. For them, basic pleasures like traveling and eating out became no-no's — and many also received hearty financial bumps from stimulus payments — so saving was easier. For others, particularly those who lost their jobs or whose businesses or incomes took a hit, it remains a serious str...

CEO and Founder of QA Madness, overseeing tech startups and seasoned players` business processes and software quality assurance globally. Recently, I discussed smart spending with my team. This conversation reminded me, once again, that taking care of your personal budget and taking care of your company's finances aren't much different. The contexts and figures vary, but the guiding principles are the same. Even though I'm not an accountant or financial advisor, my experience founding and running a software testing company has taught me valuable financial lessons that I believe could also help aspiring entrepreneurs: 1. Record your expenses. For personal matters, you can use a money management app. Be disciplined, and keep track of every single purchase you make. Create plenty of categories and subcategories to get a clear picture. Seeing a clear picture will make it much easier to plan the monthly budget in the future. It is equally important to record business ...