9 Things Poor People Waste Money On  As Per  Warren Buffett

The finest investment a person can make, in Buffett's opinion, is in himself. The earning potential may be considerably increased by improving skills and education. 

Neglecting Personal Development

Credit cards might be useful, but if you don't pay the whole sum each month, their hefty interest rates can rapidly outweigh any advantages.

Relying on Credit Cards

Spending on social pursuits like going out to clubs to drink may mount up. Making the choice to host social occasions at your house can help you save a lot of money.

Frequenting Bars and Pubs

Even while new technology may be alluring, older models frequently work just as well. Buffett himself has a history of choosing practical technology over showy gadgets.

Chasing the Latest Technology

Like most billionaires, Buffett prefers a straightforward outfit. Making the switch from flamboyant, pricey labels to timeless, affordable clothing can save you a lot of money.

Overspending on Clothes

Cars are infamous for losing value very quickly. Buffett advises staying away from the draw of the newest models and instead to purchase used automobiles.

Buying New Cars

Buffett urges people to lead active lives, but he warns against wasting gym subscriptions. If routinely used, workout programs that are free or inexpensive

Unused Gym Memberships

Buffett highlights the significance of knowing the odds, despite the fact that gambling may appear to be a quick route to wealth. He exhorts individuals to prioritize long-term wealth growth


Beyond its negative effects on health, smoking is an expensive habit. Your personal budget may see a large increase as a result of quitting.


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