Tuesday, December 14, 2010

Buffett advised young people to stay away from credit card

 Last week, Buffett in Omaha to attend a local Girl Scout activities, talking about how young people in the pursuit of 20%, even though he borrowed such a high interest rate consumer loans, is enough to make him bankrupt.
hundreds of thousands in Hong Kong The But this kind of problem in a number of years in China after the outbreak will be.
now I see some young people just to work, due to withstand the temptation to advance consumer credit cards and bank marketing 忽悠, equipped with a few credit cards , this is not a good start. Some people also credit card spending as stylish, in fact, this is an outdated face value of bills) in the restaurant pay proud of it. Many people may not realize that credit card It is the first step in financial planning a person. for young people is especially important, because you spend a dollar today, after 20 years could mean less to spend 100 yuan. you spend 1 dollar today, it can be used for investment The Sometimes they are 18 percent. Sometimes they are 20 percent. If I borrowed money at 18 or 20 percent,UGG boots clearance, Ird be broke .... So if I had one piece of advice for young people generally it would be to just avoid credit cards. > Buffett said: I was completely awed. last year the price was $ 650,000, but this extra amount does not mean we will eat lunch more, in any case is not 3 hours capricious.
*** It was during this event that Buffett told the Associated Press he was amazed that a Chinese fund manager agreed to pay $ 2.1 million to have lunch with him. ; said Buffett. Last year's winner paid about $ 650 thousand. But,UGG shoes, says Buffett, the extra dollars won't necessary translate into a longer lunch, which usually clocks in at three hours in any case.
**** Recently sticking plaster post too much, had to close the message, sorry.

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