The Omaha guru, Warren Buffett, has no doubts about how much he can do if you check your esteem if you are a citizen and you will receive one. A council that, without embarrassment, can apply to receive any extra money.
Buffett considers that each time he receives additional money, the first step should be to pay off the credit card debt. Although “the world is in love with credit cards that are so expensive”, he argued.
The governing body – such as Donald Trump and Joe Biden – has sent three rounds of estimates to help millions of people affected by the Covid 19 pandemic.
Including your $ 1,400 estimated checkout is not enough to completely eliminate the debt from your credit card – like the success of the City of Estates-, to repay the debt its balances will be easier to manage and can convert to a debt consolidation pricing agreement with major interests, reports a CNBC reporter.
The example of a friend
During the annual meeting of Berkshire Hathaway shareholders (BRK.A | BRK.B) last year, in full pandemic and realized online, Buffett shared an anecdote about a friend who had an inexperienced gang and sought his advice to do so. ella. I would like to have a credit card debt with an interest rate of 18%.
“If you earn money at 18%, the first thing you pay with any money you pay will pay off that debt,” Buffett said. “No money can be made to earn money earned in these cases and be better”.
Buffett firmly opposes credit card balances: “Simply no sense”, said during the shareholders’ meeting.
The multimillionaire indicates that many stadiums depend on credit card debit cards and financial difficulties related to the pandemic. At the same time, we signal that some people consider their plastic card “an extension to be used”.
The opinion of other experts
Buffett’s council differs from other experts, such as Suze Orman, who consider the estimate check to be a money that should be deferred.
There is another type of debt, without embarrassment, in that the CEO of Berkshire Hathaway does not implement the governor’s check: the mortgage.
In an interview with CNBC in 2017, the mortgage rate in 30 years was “an incredibly attractive tool for the owner”.
Buffett, who acquired a mortgage 30 years ago in 1971 when he bought a vacation home in Laguna Beach, California, considers that his mortgagee has a good financial record. “I thought it would probably cost me more to have the diner buy the house with all the capital,” he said.
The amount that was used to buy the house was used to buy around 3,000 shares of Berkshire Hathaway at a rate of $ 40 each, an investment that, according to Dijo, raised $ 750 million at the time of the 2017 interview.
Berkshire shares accounted for more than 20% of annual sales since the 1960s, compared to 10% of the S&P 500 only. leave $ 390 000 per accommodation. In case you want to use your own check check to obtain a company loan, it is possible to request a share of the shares using a popular negotiation application that allows you to buy shares with as much money as you have at your disposal.
Also you can be interested:
VIDEO | Where to find the money: learn the millionaires