Today I have a great guest post written by Ben Reynolds from Sure Dividend. Sure Dividend uses The 8 Rules of Dividend Investing to build high quality dividend growth portfolios. There is some great advice throughout the post on how to improve our financial lives. Take it away Ben!
Warren Buffett knows about money. His current net worth is $68 billion. Becoming a millionaire takes serious financial wisdom. Becoming a billionaire even more so.
Buffett's investment style has been analyzed and dissected countless times. You can boil all his investing advice down into 1 sentence: Buy stock in businesses with durable competitive advantages and shareholder friendly managements (like the Dividend Aristocrats) trading at fair or better prices and hold for the long-run.
If you don't want to spend your time analyzing businesses (I enjoy it, but most don't) Buffett advices to invest in low-cost index funds.
This is not another article about how Warren Buffett invests. There are two sides to growing wealth:
Buffett is great at both, but few people discuss Warren Buffett's excellent personal finance advice. This article examines 7 Warren Buffett quotes about personal finance decisions and habits.